A small UK VC running a $5m fund can expect 27% (!!) of the fund to go on admin & compliance under current regulation, vs just 7.9% in the USA. At Odin we've launched a campaign to fix this. A key cost driver is AIFM (Alternative Investment Fund Manager) regulation, which makes…↗

I agree with everyone complaining about the CGT changes - but I also think we need to stop being whiny little bitches and just build elite companies in the UK anyway. The main thing that needs to change is our culture & mindset, not our taxation system. We need to think big, and…↗