Hacker News new | past | comments | ask | show | jobs | submit
I agree with this call to action. Sadly, I think there are more fundamental issues in the UK economy.

For all intents and purposes, Venture Capital is dead in the UK.

While companies do get funded in the UK and are technically "UK domiciled" - in action most of their Engineering and Product teams are located in Eastern Europe or India, or are startups from those markets (and China) who domiciled in the UK to raise from foreign investors.

There just isn't enough liquid capital to invest in the UK compared to other investment classes available.

Well my East European perspective is this:

When management decides to launch a new product, they bring in an UK-based 'analyst' who usually does a piss poor job of gathering requirements/docs/building up the project, so you have to step in and 'shadow manage' the whole thing, from producing architecture diagrams to talking to customers, writing specs, writing Jira tickets, besides actually doing the job you're supposed to do.

The only thing they do do is act as an interface layer to upper management and giving each other reacharounds.

But when it comes to handshakes and glitzy product announcement galas, they're all over the place and you are not even invited, the best you can get is having your (usually misspelled) name show up in context of 5 other high-ranking ne-er-do-wells, who they want to suck up to.

Then they leave for a higher paying position to another UK company, and post on linkedin about leadership and inspiring teams.

You are forgotten, but not for long, since people actually start using the stuff you wrote and support tickets start rolling in.

Poor poor UK people having to sit in all those executive positions while contributing nothing.

It also doesn't help that for most West Europeans, places like Romania is synonimous with the Shadow Realm.

The funny thing is, having them spit in your face like this is actually a privileged position, since that means you're usually out of the trenches, where you only see the Jira tickets that you need to solve.

> For all intents and purposes, Venture Capital is dead in the UK.

The UK has the 3rd largest tech VC sector worldwide - only after the US and China

> in action most of their Engineering and Product teams are located in Eastern Europe or India

London also has the largest software sector outside the US, after the Bay Area, Boston, and NYC.

loading story #42767986
loading story #42767542
I don't understand why it's so bad in a country that's supposedly amazing at financial services.
loading story #42763734
loading story #42766489