Stan Boland, UK tech entrepreneur who sold Icera to Nvidia and Element 14 to Broadcom, criticizes the return on investment from UK government research funding and startup tax relief schemes.
“This, 20, thirty billion a year that we pump in at the front end per annum in tech. So, like, a hundred and fifty billion over a parliament in university funding for science and tech, in SEIS, in EIS, in VCTs, in R&D tax credits, and patent box, and so on. All those things, you add them up and what's coming out of the pipeline is, what, nothing, really.”
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More from Stan Boland
Insight
Stan Boland: Supplying venture capital creates company supply, not vice versa
“The causality is that if we put capital in place here, great companies will rise to the occasion and supply of companies will come.”
Stan BolandApr 10, 2025▶ 9:38Tom Hulme & Stan Boland: Lessons from Jensen Huang & How to Fix the UK Tech Ecosystem · 20VC with Harry Stebbings
Opinion
Boland: Cumulative UK tax increases are 'shooting ourselves in the foot'
“Yeah, the principles have been, remove non-DOM status, change inheritance tax rules, you know, change capital gain tax, put fees on private schools, and then assume that everybody's going to be happy to stay, really. I mean, yeah, that, that, I just think that…”
Stan BolandApr 10, 2025▶ 50:01Tom Hulme & Stan Boland: Lessons from Jensen Huang & How to Fix the UK Tech Ecosystem · 20VC with Harry Stebbings
Opinion
Stan Boland: UK EIS and VCT fund managers are low quality
“Because the quality of investment managers is quite low and because they feel they've done a good job if they get anywhere close to just returning capital.”
Stan BolandApr 10, 2025▶ 54:34Tom Hulme & Stan Boland: Lessons from Jensen Huang & How to Fix the UK Tech Ecosystem · 20VC with Harry Stebbings
Opinion
Boland: UK should redirect $7.5B R&D subsidy budget into active venture capital
“In my view, it would be much, much, much better to take that same amount of money and put it into funder funds and put it into active venture.”
Stan BolandApr 10, 2025▶ 56:23Tom Hulme & Stan Boland: Lessons from Jensen Huang & How to Fix the UK Tech Ecosystem · 20VC with Harry Stebbings
AssertionNot checkable as stated
Boland: Jensen Huang publicly berates NVIDIA staff to force improvements
“So he will tear people apart in public on stuff that they've not got command of, or he thinks they're wrong about, and he will, like, rip them to shreds, and leave them whimpering in the corner to lick their wounds but I think he then sort of forgets it and ho…”
Stan BolandApr 10, 2025▶ 1:17:15Tom Hulme & Stan Boland: Lessons from Jensen Huang & How to Fix the UK Tech Ecosystem · 20VC with Harry Stebbings
AssertionPartly supported
Stan Boland: UK VC fundraising of $3.7B trails US pro-rata target by $12B
“If you look at how much venture capital was raised by US VCs last year, it was about seventy six billion raised in the US. Pro rata to population, the UK should be 15.4 billion. The UK funds raised 3.7 billion last year, so we're short about twelve billion in …”
Stan BolandApr 10, 2025▶ 8:39Tom Hulme & Stan Boland: Lessons from Jensen Huang & How to Fix the UK Tech Ecosystem · 20VC with Harry Stebbings
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