To be fair, the article is not wrong in a lot of what it says. In actual fact, a close reading of VC/Angel writing including Paul Graham pretty much correlate exactly with the author has posited especially regarding VC investment.
In the UK, angels can claim 50% tax relief on any investment followed by claiming back up to 100% of any losses (minus the tax relief). Investing is almost risk free.
Just find yourself some entrepreneurs, sell them the dream, supply ramen noodles and repeat x 10 until one of them hits.
In the UK, angels can claim 50% tax relief on any investment followed by claiming back up to 100% of any losses (minus the tax relief). Investing is almost risk free.
Just find yourself some entrepreneurs, sell them the dream, supply ramen noodles and repeat x 10 until one of them hits.