Doug Monro

@BrendanFoody where?

mercor is 1% of the way there

@nenamewilldo @adzuna hi john. try adjusting the radius on the search page

@adzuna stop fibbing there aren't that many jobs in Shepherds bush never mind in construction

@hkanji Only 70%?

I am proudly in this 70%. The best entrepreneurs in our portfolio overcome without me holding them back!

@hkanji I was struggling to understand all the technical detail … carried interest will be taxed as income tax? but at a 27.5% discount compared to a normal person’s income?

Senior PE professionals will leave the UK to avoid this. Th junior staff will stay in the UK. Work will be unaffected. No tax will be collected from the industry. Meanwhile VC firms with small partnerships without hierarchy will be screwed. gov.uk/government/cal…

@Deliveroo sold for £3Bn to @DoorDash_Help BBC headline: "Deliveroo deal shows UK still can't hang on to big firms" Why can't we cheer on our unicorns not do them down? @Barney_H_Y @t_blom

@s8mb School emails x5 a day, teacher gift collections, leavers hoodie/party/dress code, year group parent drinks/coffee/camping/walks/eucharist(!), school/parent careers meeting aged 15 (tues 3pm with 2 days notice), work experience week that parent has to arrange …..

It seems that parental burdens expand to fill all available time. I was recently invited to a “progress meeting” with the nursery about my one-year old son. I heard recently about a weekend away trip organised by all the mothers of a class of older kids (without their kids!). Parents unaware of the insignificance of most of what they do on kids’ long-term outcomes are ruining it for the rest of us. A conscious movement to dial back this sort of stuff would be very useful — and maybe pronatal. I’m curious: what are some pointless, time wasting things like this you have been sucked into as a parent?

@hkanji Everyone wants to be a VC for the wrong reasons….

Everyone wants to be a VC. Not everyone can.

@DanielPriestley We're already disadvantaged vs the US by these disclosures, this would only increase the burden of red tape on small businesses

UK businesses beware! Companies House wants all small businesses to start posting their profit and loss statements for the world to see. When this goes ahead, not only can everyone see your finances in detail, they’ll see what you spend your money on. If your business has figured out a great marketing strategy or an awesome tech stack it will be there to see. If your business made a loss, maybe because you’ve been investing in growth you’ve had a bad year, everyone will see your financials. If you’re a small startup and you’re trying to look bigger than you are to win your first serious client, they’ll know that their deal will be significant. Maybe they won’t do the deal or maybe they’ll use it as leverage. If you top up your pension account, your whole team will see it. This will also be a scammers dream. They can send an AI through the internet looking for ways to exploit this data. When it goes ahead, it will be another blow to UK entrepreneurship. Why start a business in the UK and have your detailed financials on show to the world? Don’t believe it? Here’s the link. Please share this. gov.uk/government/pub…

@Seoirse_ It’s the least worst of all the options though. Stay and fix. We can do great things here.

@itsolelehmann Respect to the team but ethically I would never work for or invest in a company like this … “Our mission is to make lots of money by helping young people get into really expensive debt”

3 broke Swedish students forever changed online shopping with ONE genius idea: "Buy now, pay later." Swedish bankers laughed in their face. But now they're heading for one of Europe's biggest IPOs EVER while American rivals can't even turn a profit. Here's how they did it 🧵:

@itsdavegreen No there should not be a mechanism for correcting pay discrepancies between different unrelated jobs - other than the free market

The alternatives, are: - only "same job" comparison cases win: but we know that e.g. bin ben are men, and dinner ladies are ladies. There should be *some* mechanism for correcting unjustified pay discrepancies. - no "material factor": unworkable; tilts too far the other way. 8/10

.@rcolvile's a good faith commentator & worth listening to, but I think he's confused two issues here. Indirect discrimination (s19 EqA2010) is about outsized/ unintended bad consequences on particular groups, of seemingly neutral provisions, criterions or practices (PCPs). 1/10

@Barney_H_Y Has always been true of some generational companies eg Google, eBay

@Barney_H_Y A lot of fast scaling AI companies are profitable so don’t need funding - and more likely to be profitable if you have UK costs - so that disadvantage less of an issue?

London is the second-best city in the world to start an AI startup (and could be #1, in my opinion): - Abundant early-stage capital - High density of exceptional AI talent - Significantly cheaper and more loyal talent compared to the Bay Area - Pro-growth government and regulatory environment Raising from a West Coast VC and then establishing your main office in London is an emerging, proven playbook I've seen repeatedly.

@patrickc Great list but hard disagree on beer!

Having now spent about half my life in each (and loving both), herewith the pros and cons of Europe and the US in everyday life: Better in Europe • Bike lanes and bike infrastructure. London, Paris, and Amsterdam are all excellent these days. (As are many other European cities.) Made even better by easy-to-rent e-bikes—now almost always the fastest way to get around. • The urban walking experience generally. Partly for density reasons, and partly because of... • Late-night cafe, brasserie culture. Is there an economic reason for this or is it just climate and contingent zoning? • Architecture. Around 1920, we forgot how to make nice buildings. European cities tend to have more construction from before the Great Forgetting, and it makes the built environment much more pleasant. • Pedestrianized streets. Often with cobblestones. • In general, European cities are just more pleasant. Given how hard it is to build a good city (or indeed to retrofit one), this feels like a big deal. • Cured and pickled food. • Bread. Obviously varies by country, but it’s generally true. • Voltage. What are Americans doing waiting so long to boil kettles? • Beauty in the mundane. I find that you’re more likely to find tasteful touches in prosaic places in Europe. • Motorway design and signage. Standardized, clear, and easy-to-use. The US is a mess by comparison. • Bathroom doors. That is, in Europe, they’re proper doors. Why does America make us see others’ feet? • The clangor of church bells on Sunday. • Trains. Enough said. • Pharmacies. I'd love to understand why they're so much nicer in Europe. • Cheese. Again, lots of cross-country variation, but true in general. • I'm not sure why, but European regulation on many everyday items seems better. Sunscreens in Europe are better, as are bike helmets. • Wine. • Languor, joie de vivre, hygge, gemütlichkeit, craic. I think Europeans are better at unwinding. Drawing contrast with what he found in the US, De Tocqueville observed that in Europe "idleness is still held in honor". This difference remains apparent. • Road density. Europe generally has many more roads per square mile, which makes it easier to find nice places to run, walk, and cycle. Better in the US • Air conditioning. Consistently bad in Europe. (Partly for silly degrowth-related reasons?) • Coffee. Opinions will differ, naturally, but third wave coffee has seen much more enthusiastic adoption in the US. • Cookie banners. That is, the lack of them. (Well, there are some, but it’s not as bad as the fusillade one is subjected to in Europe.) • Internet speeds. European wifi often reminds me of my dialup youth. • Capital markets. If you need money (as a consumer, a small business, or a startup), it’s much easier to get it in the US. • Being able to buy groceries on Sunday. Inexplicably challenging on the continent. • Showers. Like the tepid air conditioning, daily ablutions in Europe are conducted beneath parsimonious trickles. • Urban air quality. Maybe surprisingly, it is, on average, better in the US. The unpleasant whiffs of diesel exhaust is part of the reminder that one is back in Europe. • Government efficiency. In general, things happen faster in the US. • Labor laws. As covered in Stripe's annual letter this year, people are more likely to work in high productivity sectors in the US (and thus to earn more). Rigid rules impede this reallocation in Europe. • Culture of general aviation with many thousands of small airports. There are around 700,000 pilots in the US—far more than there are in Europe. • Hospitals. A controversial claim, perhaps, but I find that those who have received care in Europe and the US prefer the US. • Beer. The microbrewery revolution of the US means that it’s clearly the better place for it.

@DanNeidle They should limit the scheme to companies in targeted industries (online, tech hardware/software, ai, biotech, pharma etc). would make it easier to grt the genuine claims through and discourage these fake ones.

This is real. Dodgy firms really do claim R&D tax relief for scaffolders. Pure fraud IMO. Chap below saw through it. Lots of people don’t, and end up in a horrible mess with HMRC. More on this soon.

@morellifit @KieranO Also 7 years older than you but I look younger

@morellifit @KieranO Miaow! I’ll race you over 50 miles mate!

I belong to the 0.01% of men. I’m 43, healthier, stronger, and in better shape than 99% of 20-year-olds. How? By following a strict protocol designed to help me live past 120. Here’s what it looks like & how to build yours (based on science) :🧵

@benln Everyone starts off thinking that …

Keep hearing from fast growing seed-stage founders that they plan to cap their team size at 5 people max.

@bengrossbg Would you have been a buyer or seller of airline stocks that day?