The Anonymous Widower

Kissing The Innovators Goodbye!

I was part of a team that started a high-tech business n the UK in 1977 at the age of thirty.

James Callaghan was Prime Minister and tax rates were higher than they are today.

In 1984, the business was sold for $128,000,000.

So what advice would I give to my thirty-year-old son, daughter, grandchild, niece or nephew, thinking of starting a high-tech business today?

He or she would in one way be very different to me, in that by the age of thirty.

  • I’d probably only been abroad twice and wasn’t very savvy about how to survive in a foreign country.
  • Now the average thirty-year-old has probably done around a hundred foreign trips.

Due to a broader spectrum of nationalities in the UK today, a group thinking of starting a business would be less white middle-class than we were.

So whereas, we had to start the business in the UK, unless perhaps we wanted to relocate to the US, which I wouldn’t have done, even if I’d known how much money we would realise, so many factors, like the Internet, cheap air travel, better language skills, the easier availability of money, good support services and welcoming governments mean you can start a high-tech business virtually anywhere.

These factors also mean Brexit isn’t a disaster for the high-tech start-up.

If you are a UK-focused start-up perhaps dealing with something that is very UK specific, Brexit will only effect you if the economy goes bust.

If you are selling a world-wide product, the Internet means Brexit is irrelevant or will be in a couple of years.

But who wins the General Election is.

A May victory will probably mean things will carry on as before with a probability upwards of sixty-per-cent, as history teaches us, that in times of unexpected crisis that the UK just keeps calm and carries on.

Consider.

  • Corbyn and his cronies are so Consevative in their thinking.
  • Of all our industries, the NHS is probably our most Conservative.
  • A lot of innovation is disruptive, which destroys existing methods, restrictive practices and industries, but improves employment and quality of life.
  • Good ideas, make their inventors lots of money and they usually desire to keep it.

As an example, what would happen if a revolutionary product came along, that saved the NHS billions of pounds a year, but cut staff by 100,000?

It would never be introduced and if it was, the inventors would be driven out of the country by Corbyn’s proposed high taxation.

So after the disastrous Brexit, a Corbyn victory would probably be equally disastrous for innovation and innovators in the UK.

 

 

June 2, 2017 - Posted by | World | , , , ,

2 Comments »

  1. I won’t bore readers with my career, nor indeed speculate about starting a high tech business, but if I could I would [again], I didn’t make $millions, but I did alright – well even.

    The Leave vote caused a 10% dip in Sterling in the 10 minutes after it was announced, a Corbyn win would cause a 20% drop for the pound (below $1) and far from creating one million ‘good jobs’ as Corbyn will promise today he would create capital flight and another brain drain that would see 1M+ high quality jobs lost to the UK economy. The money would leave first and the jobs would follow. A hard Brexit would compound the agony – becoming the Venezuela of the northern hemisphere.

    Comment by Mark Clayton | June 2, 2017 | Reply

  2. The Internet is the herd of elephant in the room. It will facilitate people to offshore their money in the case of a Corbyn Government and in the case of a Hsrd Brexit, it will provide millions of business opportunities to keep the economy functioning.

    Comment by AnonW | June 2, 2017 | Reply


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