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I’m leaving London for NYC and taking my tech startup

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Re: I’m leaving London for NYC and taking my tech startup

#251

Earlier quoted context omitted.

' I think if you look at politics in the UK, it is self-evident that the culture of the UK is not exactly entrepreneurial...unless you believe that a group of probably 30-50 people who went to the same school, went to the same university and largely studied the same course should rule the country...it is very weird. ' My impression is that the UK and US are fairly similar in this respect. The leadership of the politi…

That is because no-one in the US could possibly conceive of a system in which college wasn't the thing that separates people. But if you are a Brit, you understand that almost all of the people you name went to the same high school and have the same background culturally...it is like all the Presidents you name not only going to the same colleges but also going to Philips-Exeter or Groton and having grown up in the N…

There is a semblance of truth to some of this, but I'm afraid anyone not especially familiar with the UK could come away from reading what you've written with a very distorted impression of reality.

I may be misreading some of your remarks — please forgive me if that's the case — but to respond to some of the points you make:

The list of UK Prime Ministers and opposition leaders, particularly in the earlier part of the twentieth century, does contain many wealthy 'establishment' figures, including some with aristocratic backgrounds, but the suggestion that almost all of them went to the same high school and have the same cultural background is a gross exaggeration.

Churchill was the son of a Lord and an American heiress, and was literally born in a palace. Thatcher was the daughter of a shopkeeper and a seamstress, and grew up in a home without a garden or a proper bathroom (the family's toilet was in a small outbuilding — not an uncommon situation for ordinary people at the time).

Attlee was the son of a wealthy lawyer, and he grew up in a house with a tennis court and several servants. Callaghan was the son of a coastguard sailor who died of a heart attack at a relatively young age, leaving his wife and children in poverty; as a teenager Callaghan was eligible to go to Oxford, but he couldn't afford to. He became Prime Minister regardless.

Cameron's father was a stockbroker and his mother was a magistrate. Major's father was a circus performer who made a living selling garden ornaments, and his mother was a dancer who worked in a local library; the family was nearly bankrupted in the 1950s and lived in a small flat in Brixton. Major never went to university, yet he still became Foreign Secretary (meaning he was in charge of the FCO — perhaps your friend's mistake was going to university at all, though I wouldn't worry about him; the future King and Queen are also both St. Andrew's graduates), and then Chancellor of the Exchequer and Prime Minister.

Eden's family were landed gentry. May's father was a village vicar; both of her parents died shortly after she graduated from university.

Wilson was the son of a chemist and a schoolteacher. Blair's father was given up for adoption as a baby and became part of the family of a shipyard worker and his wife; he grew up in a Glasgow tenement with an ambition to become a barrister, which he achieved. Blair's mother was the daughter of a butcher; she was born in the flat above the family shop.

One could go on; there is certainly privilege in the backgrounds of many British Prime Ministers, but there is also poverty and much else too.

There are popular private schools in the UK favoured by the wealthy, such as Eton, Harrow, Westminster etc., and many of the UK's political elites were educated at those schools, but it is not correct that almost all of them were. Many of the pupils at those schools do have wealthy parents, but not all of them are from the same background (I attended a British private school on a scholarship. Thatcher attended a local girls' grammar school on a scholarship). There are also expensive prep schools in the US favoured by the wealthy and privileged; the US and UK are not especially dissimilar in that regard. The main difference is that British schools tend to have longer histories, and admit a higher proportion of students on academic merit due to old bursaries and tax incentives.

I am struggling to understand your remarks about the number of people that must be won over to become an MP in parts of the UK, but what you are referring to sounds a lot like rotten boroughs, which were — contrary to what you state — abolished over a hundred years ago, by the 1832 Reform Act. If you are not referring to rotten boroughs, then what you are describing is just a marginal constituency where the vote is tightly contested between parties, and those exist in all democracies that use the first past the post system, including the US.

If anything, some would argue that the electoral situation is better in the UK because gerrymandering — which is acknowledged to be a widespread problem in the US — is for the most part impossible in Britain, since districting has largely been removed from political control and handed over to the independent Boundary Commissions. I take no stand on the wisdom or otherwise of the current approach to that issue in the UK, but similar solutions are widely advocated in the US in areas affected by gerrymandering. It is not uncommon for elections in the US to be decided on the basis of a small number of votes — the US and UK are, again, similar in that regard. So few people needed to be 'won over' to change the result of the 2000 presidential election in the US that the election was effectively decided by a court, and a closely divided court at that.

I agree with your observation that the electoral system in the UK can be 'hugely undemocratic', but that is a generic complaint about the first past the post system, which is also used to decide all major national elections in the US.

I can attest to the fact that Latin (if not full classics courses, which are typically the preserve of universities) is still commonly taught in British private schools, but I don't see much evidence that learning it will do a great deal for you career-wise anymore in the UK; Johnson is the first Prime Minister in sixty years to have a classics degree. Quod erat demonstrandum.

Re: I’m leaving London for NYC and taking my tech startup

#252

Earlier quoted context omitted.

That is because no-one in the US could possibly conceive of a system in which college wasn't the thing that separates people. But if you are a Brit, you understand that almost all of the people you name went to the same high school and have the same background culturally...it is like all the Presidents you name not only going to the same colleges but also going to Philips-Exeter or Groton and having grown up in the N…

There is a semblance of truth to some of this, but I'm afraid anyone not especially familiar with the UK could come away from reading what you've written with a very distorted impression of reality. I may be misreading some of your remarks — please forgive me if that's the case — but to respond to some of the points you make: The list of UK Prime Ministers and opposition leaders, particularly in the earlier part of t…

Johnson, Eton. Cameron, Eton. Douglas-Home, Eton. Macmillan, Eton. Eden, Eton. I am not sure what you are trying to prove to yourself. You are grasping as straws trying to prove that Blair, who went to fee-paying schools was actually a working-class man of the people...why? It is a very odd exercise (do you not understand that becoming a Minister is a different process to joining the FCO as a civil servant? If you just Google, 55% of diplomats went to a public school and 33% went to a public school and Oxbridge...the only job with a higher proportion in the UK are senior judges...btw, this is nearly double the rate for chief executives). Does Philips-Exeter and Groton have the same route into govt specifically (which is surprising given that money is more important in US politics, and the US has far wealthier people at the top end)? No. It is a very odd argument to take (and btw, not one made by anyone in these positions, the FCO has said publicly they need to change hiring and have been trying for years now, the Tory party came to this conclusion about two decades ago...you have picked the strangest hill to die on).

No, I am not referring to rotten boroughs. I am referring to how MPs are selected. That is why I said specifically that not many people understand this (because not many people actually know about their political parties work or know MPs). All you have to do is convince the local constituency party or some other small group of people in a safe seat (again, both Cameron and Blair have reformed this, although Labour's recent issues with selection should demonstrate that the system is still problematic). The US has primaries, it has caucuses...there are some safe Tory seats where the constituency party is literally 10-20 people, the selection process for Labour can be even more opaque (again, this is why the Tories decided to reform, they just kept selecting the clubbable old boys but they still have issues, particularly in Scotland, where the constituency party is very small/weak...one recent addition to the Scottish Parliament was the 21 year old son of a current MSP...meritocracy?).

Yes, the UK doesn't have gerrymandering...how did the Sixth Boundary Review work out? No controversy according to you? Ofc. It is nothing to do with a small number of votes deciding elections, that is just irrelevant, the outcome of an election is the outcome, it being close has nothing to do with anything.

FPTP isn't undemocratic. I would look at what the word democratic means. It is unrepresentative, it is most certainly not undemocratic. And there is nothing wrong with unrepresentative democracy (and that has nothing to do with the topic either).

It does your career good because you can get into Oxbridge with very little competition from students who go to schools that don't teach those subjects, and get a job in the Civil Service...or advertising, or banking, or PR, or any of the professional jobs that overindex towards people with a the right background. The point is that it has no value, and that things that have no value are rewarded. You can believe that there is no advantage (again, an odd take given the preponderance of evidence and the fact that most institutions have accepted this is happening)...all that would indicate to me is that you don't actually know anyone who works in any of the places I mention...that is it.

If you were a scholarship boy, don't try to waggishly quote Latin. People can see through you like a window, it impresses no-one.

Re: I’m leaving London for NYC and taking my tech startup

#253

Earlier quoted context omitted.

> The current Prime Minister even promised to stay in the single market while campaigning for Brexit, professing himself a 'Fan'. Could you provide a source for the promise to stay in the single market? > The single market was after all in large part the creation of Margaret Thatcher. In the context of the European Union, the 'Single Market' is a legal construct; it was created by the international treaties that unde…

> Could you provide a source for the promise to stay in the single market? https://www.businessinsider.com/boris-johnson-single-market-...

Thanks for the link. I've read through the quotes, and I can't find any instance of Johnson making a promise during the referendum campaign to keep the UK in the single market. I don't understand how he could have made such a promise even if he had wanted to, since he would have had no power to keep the commitment at the time — he didn't become Prime Minister until years after the referendum campaign. In 2016 he wasn't part of the government and wasn't seeking to be, at least not openly. He had no authority to make promises about future policy, and he wasn't proposing to replace the Cameron government.

What I see in the quotes in the link is Johnson expressing a personal preference for the UK to retain access to the single market and influence in its governing structures, in remarks made in 2013, a few years before the referendum was held. He talks about his voting intentions — at that time, he was the Mayor of London and had no vote in Parliament, so he is referring to how he might vote in what was, at that time, a hypothetical future referendum. The wider context, which is apparent from the contemporary reporting [1], is that, at the time, he was calling for the Single Market to be reformed, and for the UK to leave most of the EU's structures, but to remain part of the reformed market. A couple of years later, Cameron attempted to secure some reforms to the UK's relationship with the EU, but he focused on immigration and welfare rather than the Single Market. Cameron then presented the reforms (such as they were) as part of the basis for his support of the UK's continued membership of the EU during the referendum campaign, but no changes to the Single Market of the kind that Johnson had called for earlier were agreed.

My recollection of the role of the Single Market in the referendum is that the official Leave campaign was pressed to take a position on retaining Single Market membership; that they ultimately came down in favour of leaving (in order to remove the UK from the jurisdiction of the ECJ and allow EU regulations to be repealed); and that Johnson (who was part of the official campaign) subsequently adopted that official campaign position in his public statements. During the referendum itself he therefore supported leaving the Single Market, at least in its unreformed 2016 incarnation.

My memory is that the key statement of the official Leave campaign's position on the Single Market was made by Michael Gove on the Andrew Marr show. I remember it because the Leave side had been under pressure to make its position clear at the time, and Gove's response on the show seemed to signify that they had chosen to bite the bullet and accept leaving the Single Market. On the one hand, adopting a clear position meant that they couldn't be accused of equivocating on the subject any longer, but on the other hand, the Remain campaign was then able to argue more strongly that the Leave side was embracing trade disruption. Here's the relevant quote from the transcript of the Marr show[2]:

'Marr: Let me ask you, just before we leave the economics actually, a very simple question I have tried to get an answer to from various people on your side – is should we or should we not be inside the single market? Do you want us to stay inside the single market? Yes or no.

Gove: No. We should be outside the single market. We should have access to the single market, but we should not be governed by the rules that the European Court of Justice imposes on us, which cost business and restrict freedom.'

The BBC reported at the time that Gove's answer on the Marr show was a response to the pressure to clarify the Leave campaign's position on the Single Market.[3]

Incidentally, with regard to Johnson claiming to be a fan of the EU; I don't personally find this surprising. He has a well-publicised affinity for European civilization; in a book about ancient Rome that he published some years ago, he wrote approvingly about the ability of the Empire to unite diverse peoples as citizens of a common European state, and contrasted that history with the EU — the book was adapted into a television series for the BBC that he presented. His father also used to work for the European Commission; before he was sent off to Eton, he, his siblings and his future wife were educated at a school in Brussels that was established for the children of EU staff [4]. It may be worth noting that the comment was also somewhat qualified; he said that 'in some ways' he was 'a bit of a fan'.

[1] https://www.independent.co.uk/news/uk/politics/boil-it-down-...

[2] http://news.bbc.co.uk/2/shared/bsp/hi/pdfs/08051604.pdf

[3] https://www.bbc.co.uk/news/uk-politics-36084457

[4] https://en.wikipedia.org/wiki/European_School,_Brussels_I

Re: I’m leaving London for NYC and taking my tech startup

#254
post #234

Earlier quoted context omitted.

Is there anything that specifically prompted you to live in London in place of other cities like Paris, Seoul, Tokyo, or areas elsewhere in the US and the rest of North America? Given what I've read on tax rates, incomes, and QoL (especially after Brexit) it doesn't seem economically advantageous to live there as a tax resident, especially with FATCA hanging over your head.

I can't really speak for the tax, but QoL is pretty good in London. Compared to the other cities I've lived in (>9mo in Glasgow, Portsmouth, Manchester, Sheffield, Southampton, Austin, Berlin, and Hamburg), the city has everything. It's more expensive than all those other cities, except maybe Berlin, but compared to similarly sized places it's not bad. Factoring size and location, the equivalent of my 1 bed flat in C…

> excellent (though not leading) restaurants

The variety is leading though. You’ll have a hard time finding such a variety of high-end restaurants anywhere else.

Re: I’m leaving London for NYC and taking my tech startup

#255

Earlier quoted context omitted.

Well with Ireland and Spain, there's no change. I think Amsterdam will get much of the London-based business because of their (relatively) lax labour laws (closer to UK) and the facility of the natives with English (important for relocating execs and their family).

There is a massive housing shortage in the Netherlands, isn't there? I agree on your other point but might be logistically complex and expensive v.s. Berlin for instance.

It won't be Germany, because of the labour laws, unfortunately.

Re: I’m leaving London for NYC and taking my tech startup

#256
post #179

Clearly America is the place to be if you want to make billions in tech. The bigger question is why every single company needs to target billions of dollars. You can still build a very successful company in London and get quite wealthy, you just might not get your own private space program. Meanwhile in London your workers will have free healthcare, their kids will have free higher education, etc. He's totally right…

Edit: it was early when I wrote this. I said free higher education, which is wrong. I meant cheap.

Re: I’m leaving London for NYC and taking my tech startup

#257
post #65

Earlier quoted context omitted.

No, the UK government requires you to have no clue (but be chums with a minister or Tory MP) before it spaffs torrents of money your way.

It seems you are agreeing with the comment you replied to.

Yes, I am in violent agreement. If anything the comment I replied to was understating the case, that was what I was pointing out.

Re: I’m leaving London for NYC and taking my tech startup

#258

Earlier quoted context omitted.

> It's more of a gambler's approach. Wrong. The cultural difference comes from differing appetites for risk. VC's aren't gambling on their portfolio companies, they expect each and every one of them to turn into rocket ships. If there's no potential to become a rocketship, they don't invest, simple as that. Stupid ideas don't get investment. That VCs understand that it is highly unlikely that each portfolio company w…

Well, the line between a risky investment and a stupid investment isn't always obvious. If my business plan is to make wifi-enabled juicing machines that cost $400 and only work on proprietary, DRMed packets I sell at a huge margin - great investment? Or stupid investment? If my business plan is to make a $2,000 stationary bicycle, when most competing products cost If I'm going to take out long cheap leases on office…

It seems to me like you're letting personal bias get in the way.

> Juicero

Huge margin, going for rich, health conscious consumers - great investment on paper. Shitty due diligence by investors who thought they could grade the investment by the numbers and not by the actual hardware, juice bags, etc.

> Peloton

Taking a commoditized product and differentiating with a premium offering offering high margins is literally a phenomenal investment, if you can find a market for the premium offering and can build a moat. Pharmaceutical companies do this all the time with drugs that are about to lose patent protection, put in a little tweak, get the patent moat back, market the hell out of it to get doctors to prescribe it instead of the suddenly cheap generic version.

> WeWork

You literally described a way to buy low and sell high, taking advantage of latent inefficiency in the market due to misaligned incentives on the part of real estate owners vs. short-term tenants. Basically run hotels but for entrepreneurs instead of tourists. Sounds like a pretty phenomenal investment to me! Too bad the CEO was unstable and let valuations run out of control.

> Social media

Facebook specifically actually was a pretty stupid investment. FB didn't just have a ton of users who hated ads, it had a CEO who foreswore ever deploying advertising, whose board structure kept him from ever getting fired. Pretty sure early FB investors are thankful that some business sense was knocked into Zuck before they went bankrupt.

Twitter, on the other hand, was a far better investment. If you can get strangers to talk to each other, you can get people to talk to brands. Of course that's valuable.

Re: I’m leaving London for NYC and taking my tech startup

#259

Earlier quoted context omitted.

There is a semblance of truth to some of this, but I'm afraid anyone not especially familiar with the UK could come away from reading what you've written with a very distorted impression of reality. I may be misreading some of your remarks — please forgive me if that's the case — but to respond to some of the points you make: The list of UK Prime Ministers and opposition leaders, particularly in the earlier part of t…

Johnson, Eton. Cameron, Eton. Douglas-Home, Eton. Macmillan, Eton. Eden, Eton. I am not sure what you are trying to prove to yourself. You are grasping as straws trying to prove that Blair, who went to fee-paying schools was actually a working-class man of the people...why? It is a very odd exercise (do you not understand that becoming a Minister is a different process to joining the FCO as a civil servant? If you ju…

> You are grasping as straws trying to prove that Blair, who went to fee-paying schools was actually a working-class man of the people...why?

I did not claim that Blair was a 'man of the people', though there are plenty of people who might credibly be described in those terms who have been involved in ruling the UK. You stated above that 'if you are a Brit, you understand that almost all of the people you name went to the same high school and have the same background'. I am British, and I know your statement is an exaggeration, which is why I noted examples of the backgrounds of some of the people referred to. I agree with you that it is relevant to a discussion of this topic that Tony Blair attended a fee-paying school, but I also think it is relevant — if background is important as you suggest — that the decision to send him to a fee-paying school was made by a mother who was the daughter of a butcher, and a father who was adopted into a working class family as a baby and grew up in a tenement in Glasgow. You can draw whatever conclusions you want from that, but to me, a reasonable consideration of that example, and others like the ones I noted, illustrate that it is not correct that 'almost all' of the British ruling class have the same cultural background.

> Does Philips-Exeter and Groton have the same route into govt specifically (which is surprising given that money is more important in US politics, and the US has far wealthier people at the top end)? No.

I'm no expert on American prep schools, but a quick look at the alumni of the ones you mention reveals two presidents, three secretaries of state, four treasury secretaries, dozens of governors, the founder of the Republican Party, the first Director of the CIA, the first Director of National Intelligence, the founder of Facebook, and too many senators, members of congress, federal judges and ambassadors etc. to list. It is curious to me that you don't believe this indicates that attending these schools provides a route into government, whereas a similar list of the alumni of a British school like Eton does. In looking up Groton alumni I found an observation about the school from one of them, who was a friend of Franklin Roosevelt's (another Groton alumnus). He wrote 'Ninety-five percent of the boys came from what they considered the aristocracy of America [...] Among them was a goodly slice of the wealth of the nation.' It seems to me that Eton and Groton are not dissimilar in that regard.

> All you have to do is convince the local constituency party or some other small group of people in a safe seat (again, both Cameron and Blair have reformed this, although Labour's recent issues with selection should demonstrate that the system is still problematic).

This is a description of the process required to be selected as a candidate for a particular party. In order to become an MP the candidate must then win an election that returns them as the most popular candidate. It may be disappointing that voters in safe seats reliably opt for the candidates of a particular party, but that does not necessarily make their election 'hugely undemocratic'. If the people in these constituencies objected to the candidate of the party that traditionally wins there, they could democratically elect someone else instead.

> It is nothing to do with a small number of votes deciding elections, that is just irrelevant, the outcome of an election is the outcome, it being close has nothing to do with anything.

It would be relevant if that is what you had meant when you wrote that becoming an MP in the UK only requires winning over a small number of people. You have clarified that what you actually meant is that being selected as a candidate for a particular party in parliamentary elections might only involve winning over a small number of people in a local constituency party. Those candidates must then secure the votes of a much larger number of people in an election if they are to become MPs. You neglected to mention that latter fact, presumably because you felt that elections in safe seats are somehow undemocratic because the local population reliably elects candidates from a particular party.

> FPTP isn't undemocratic. I would look at what the word democratic means. It is unrepresentative, it is most certainly not undemocratic.

In the UK, the first past the past system nearly always produces a result in which a substantial majority of voters are not represented by the MP they voted for. British governments are therefore typically controlled by a party that has been rejected by a majority of voters. The governing party in the UK hasn't won a majority of the votes in a general election since the 1930s. I would argue that the UK is a democracy in some sense of the word in spite of this, but the first past the post system is not guaranteed to produce democratic results, and in Britain it usually doesn't.

> If you were a scholarship boy, don't try to waggishly quote Latin. People can see through you like a window, it impresses no-one.

I think we're in agreement here. If quoting Latin impresses no-one, it's unclear to me why you think it is important that some old-fashioned schools briefly force their pupils to study it. It can be studied at Oxford and Cambridge and many other universities, but classics has been a niche subject for a long time, and it doesn't confer any particular career advantage over more popular subjects like economics and history that are taught at all schools. I doubt it is any easier to obtain a degree in classics from a prestigious university due to a lack of competition from applicants who were not educated at private schools than it is to obtain a degree in any other niche subject that is more widely taught. It is true that there is less competition for places to study classics than many subjects due to a lack of interest, but that is also true of courses in language and religion — subjects which are very widely taught outside private schools. [1]

Classics was already an outdated choice of university subject by the time Johnson was studying it in the eighties, which perhaps explains why prior to the 2019 election no Prime Minister or opposition leader with a classics degree had contested a general election for six decades.

[1] https://www.admissionreport.com/university-of-oxford

Re: I’m leaving London for NYC and taking my tech startup

#260

Earlier quoted context omitted.

>It isn't enough to be an idiot, you have to be an idiot with connections to get spaffed The first part I can manage. But how do I get connections?

Whenever I hear advice about using connections and networking, I always interpret that to mean "be born with the right relatives".

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