The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Stan Boland: UK's £30B annual tech funding yields virtually no results
“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…”
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 …”
Boland: Even worst venture fund-of-funds outperform UK gilt yields
“The you know, the worst performing fund-of-funds generate maybe six percent IRR. The best performing generate mid-twenties. So always higher than gilt yields.”
Boland: US created $20T in decacorn value versus UK's $170B
“20 trillion dollars of value created in the last 50 years in building Decacorns in the US. The UK has created two, about a hundred and seventy billion of value in the UK.”
Stan Boland: No large fund of funds has ever lost money
“Firstly, no large fund of funds has ever lost money.”
Stan Boland: UK government VC fund-of-funds allocations should increase 10x
“I think BBB puts something like four hundred and twenty four million dollars a year into fund of funds investments, which is a drop in the ocean. Compared to the 15.4 billion that we ought to be investing. So so yeah, that number needs to be like 10 X in my vi…”
Boland: Europe holds only 2% of global fabless chip market
“Chip design, which is where 75% of the value in the semiconductor space is, is what NVIDIA is, what Qualcomm is, what Broadcom is, all basically semiconductor design companies that basically sell chips, that they get them fabbed. By TSMC or whoever. So that, t…”
Boland: Sage is London's only tech company worth over $10B
“There's only one London listed tech company worth more than ten billion, and that is Sage.”
Boland: NVIDIA Is Re-Architecting GPUs to Optimize for Inference
“They are making a bunch of architectural changes to GPUs to make them better and better inference.”
Stan Boland: UK tech sector will reach $500B valuation in 10 years
“I think in, in 10 years time, I think we will be on, we will have achieved this five hundred billion dollars valuation in, in tech, and the UK will be seen as the magnet in Europe in which people come to kind of build these companies so that, that's what I thi…”
Boland: UK AI talent supply remains net-flat as European gains offset US losses
“If you look at where talent is being born in, like, AI across Europe, and you look at where it lands in terms of where it stays, actually the UK is minting about the same talent it's keeping but that is a net-net, actually. So we're losing talent to the US and…”