[tokai]

>The UK desperately needs a functioning angel and VC culture

That is like the last thing they need. Functioning unions and collective bargining is the proven way to combat this.

[triceratops]

From far away it sounds like they need both. Stronger businesses that make more money, and stronger unions to ensure the money is shared.

[UK-Al05]

The average VC business is not very strong. They rely on power laws.

[triceratops]

The ones that pan out create an ecosystem of related businesses, suppliers, and customers. They create millionaires and billionaires who go on to start their own companies. Strong businesses are a necessary, but not sufficient, condition for strong unions.