Does anyone remember when the UK had an economy worth investing in?

Beeboo23

CreditCardChris said:

dunstonh said:

CreditCardChris said:

Our entire GDP is worth less than two US companies.
Think about that for a second... 

And just think of the scale of the crash that could occur if tech suddenly goes out of fashion.

Not gunna happen I'm afraid, all future industries stem from technology and since America is the master of technology, it seems logical they will dominate in the future sectors too. They're already making great progress with Tesla and SpaceX. 

AI, Robotics, Space mining, Bioengineering etc, all stem from technology and so far America is leading the way. The problem is we don't have the technological drive to build these future sectors. The UK as a country generally has very little interest in creating technology companies, and this is the reason that we'll get left behind in the future sectors.

Never say never, before the industrial revolution they thought the horse and cart wouldn’t go out of fashion. 
I could be wrong of course and Tesla and Apple could still be reaching all time highs when the inevitable heat death of the universe occurs.  

bowlhead99

CreditCardChris said:
...government should set a limit on how much private funds can be raised, something like 3 rounds of funding then if the company wants more, they HAVE to go to the public market. This may seem unfair but it's the only way us normal folk can get in on the growth of these companies. Otherwise all the profit just go into the hands of private investment companies

CreditCardChris said:
They're already making great progress with Tesla and SpaceX. 

SpaceX is a an example of a company created 18 years ago which has gone through a number of private funding rounds without listing on the public capital markets. 

From your earlier post, that behaviour is an example of all that is wrong with the UK; its government should have confiscated it or forced it to IPO so that CreditCardChris could 'throw in a grand' and support it expanding internationally.

CreditCardChris

bowlhead99 said:

CreditCardChris said:
...government should set a limit on how much private funds can be raised, something like 3 rounds of funding then if the company wants more, they HAVE to go to the public market. This may seem unfair but it's the only way us normal folk can get in on the growth of these companies. Otherwise all the profit just go into the hands of private investment companies

CreditCardChris said:
They're already making great progress with Tesla and SpaceX. 

SpaceX is a an example of a company created 18 years ago which has gone through a number of private funding rounds without listing on the public capital markets. 

From your earlier post, that behaviour is an example of all that is wrong with the UK; its government should have confiscated it or forced it to IPO so that CreditCardChris could 'throw in a grand' and support it expanding internationally.

Well SpaceX is an obvious exception due to it being a one of a kind company attempting to enter a brand new horizon. The problem I have with private companies is they just make the ultra rich even richer instead of allowing regular citizens to get in on the action. It's like a private club house where everyone inside benefits but the people on the outside (the people who actually use their products and generate their profits) have to watch from the outside.

Prism

CreditCardChris said:

bowlhead99 said:

CreditCardChris said:
...government should set a limit on how much private funds can be raised, something like 3 rounds of funding then if the company wants more, they HAVE to go to the public market. This may seem unfair but it's the only way us normal folk can get in on the growth of these companies. Otherwise all the profit just go into the hands of private investment companies

CreditCardChris said:
They're already making great progress with Tesla and SpaceX. 

SpaceX is a an example of a company created 18 years ago which has gone through a number of private funding rounds without listing on the public capital markets. 

From your earlier post, that behaviour is an example of all that is wrong with the UK; its government should have confiscated it or forced it to IPO so that CreditCardChris could 'throw in a grand' and support it expanding internationally.

Well SpaceX is an obvious exception due to it being a one of a kind company attempting to enter a brand new horizon. The problem I have with private companies is they just make the ultra rich even richer instead of allowing regular citizens to get in on the action. It's like a private club house where everyone inside benefits but the people on the outside (the people who actually use their products and generate their profits) have to watch from the outside.

No company would go public if they didn't need a burst of cash. They aren't doing it for the benefit of regular citizens. There are plenty of trusts which allow you to access private equity - Scottish Mortgage being an example which gets you SpaceX.

Voyager2002

CreditCardChris said:

dunstonh said:

CreditCardChris said:

Our entire GDP is worth less than two US companies.
Think about that for a second... 

And just think of the scale of the crash that could occur if tech suddenly goes out of fashion.

Not gunna happen I'm afraid, all future industries stem from technology and since America is the master of technology, it seems logical they will dominate in the future sectors too. They're already making great progress with Tesla and SpaceX. 

AI, Robotics, Space mining, Bioengineering etc, all stem from technology and so far America is leading the way. The problem is we don't have the technological drive to build these future sectors. The UK as a country generally has very little interest in creating technology companies, and this is the reason that we'll get left behind in the future sectors.

Remember 1999?

Actually, the country that is "the master of technology" is China.

Moe_The_Bartender

Prism said:

CreditCardChris said:

bowlhead99 said:

CreditCardChris said:
...government should set a limit on how much private funds can be raised, something like 3 rounds of funding then if the company wants more, they HAVE to go to the public market. This may seem unfair but it's the only way us normal folk can get in on the growth of these companies. Otherwise all the profit just go into the hands of private investment companies

CreditCardChris said:
They're already making great progress with Tesla and SpaceX. 

SpaceX is a an example of a company created 18 years ago which has gone through a number of private funding rounds without listing on the public capital markets. 

From your earlier post, that behaviour is an example of all that is wrong with the UK; its government should have confiscated it or forced it to IPO so that CreditCardChris could 'throw in a grand' and support it expanding internationally.

Well SpaceX is an obvious exception due to it being a one of a kind company attempting to enter a brand new horizon. The problem I have with private companies is they just make the ultra rich even richer instead of allowing regular citizens to get in on the action. It's like a private club house where everyone inside benefits but the people on the outside (the people who actually use their products and generate their profits) have to watch from the outside.

No company would go public if they didn't need a burst of cash. They aren't doing it for the benefit of regular citizens. There are plenty of trusts which allow you to access private equity - Scottish Mortgage being an example which gets you SpaceX.

Harbourvest is probably the most prominent private equity IT but there are plenty more. They are not at all difficult to find.

There are many reasons why businesses choose to remain private, not least the short term is of investors in plcs 

CreditCardChris

Voyager2002 said:

CreditCardChris said:

dunstonh said:

CreditCardChris said:

Our entire GDP is worth less than two US companies.
Think about that for a second... 

And just think of the scale of the crash that could occur if tech suddenly goes out of fashion.

Not gunna happen I'm afraid, all future industries stem from technology and since America is the master of technology, it seems logical they will dominate in the future sectors too. They're already making great progress with Tesla and SpaceX. 

AI, Robotics, Space mining, Bioengineering etc, all stem from technology and so far America is leading the way. The problem is we don't have the technological drive to build these future sectors. The UK as a country generally has very little interest in creating technology companies, and this is the reason that we'll get left behind in the future sectors.

Remember 1999?

Actually, the country that is "the master of technology" is China.

Ah the classic dotcom bubble "example". Firstly the dotcom companies were getting IPOs for simply having a website and an office. Secondly the industry was still relatively new so definitely prime bubble material and lastly you cannot compare rock solid established tech giants today to newly IPO'd companies at the dawn of a new industry.

In a nutshell here's what I'd like to see.

• The GBP to go back up to 1970 levels. 
• When we create companies, take them public as soon as it's safe to do so and do everything in their power to push them globally and never sell, ever.
• Invest £200billion in our military. China and Russia can squash up like a bug.
• Get rid of oil & gas, mining, insurance and banks from the FTSE100 and move them into their own !!!!!! index nobody wants to buy.
• Invest £200billion in STEM grants so people going to university can apply for 50% off their tuition costs if they study a STEM field. 
• Ban foreigners from purchasing anymore property but allow them to buy land if they're using it to build a business that will create jobs.

Maybe then I'd be able to take pride in our country again, but I know this will never happen. British businesses will continue to be mediocre and at any point they start getting too big they'll just get bought up by a foreign company.

Moe_The_Bartender

*short termism

markj113

Voyager2002 said:

Remember 1999?

Actually, the country that is "the master of technology" is China.

That should be "the master of copying technology" is China

coachman12

noClue said:

lol this is much better than csgo after match chat...

And that sums up a thread on which I have commented on an earlier page