This is huge. Potential sale of Monzo to NuBank in the region of £8-10bn. This would be amazing for early investors, employees and crowdfunders. It would provide some MUCH needed liquidity. However it would also be another example of a great UK tech company being scooped up by a foreign giant. However, without a functioning local capital market there is no alternative.

what3words has seen its revenue halve in the last year. It has gone from £2.1m in 2024 to £1.1m in 2025. At its height the company was valued in the hundreds of millions. I have always believed this company to be a stain on the UK tech ecosystem, and essentially a ponzi scheme defrauding investors. The senior leaders were paying themselves £300k and paying for extravagant work trips around the world. All the while the company never managed to bring in any meaningful revenue. Earlier this year it ran a secondary sale at a £50m valuation. In the crowdfund deck it did not disclose financials results ANY WHERE. It has literally burnt through hundreds of millions of dollars across over 10 years. Running a secondary sale while revenue was dropping without telling ANY investors is SHOCKING.

A safe job gives you comfort, but it keeps you stuck. Take it from Issie James, who left accounting to take on work that pushed her way out of her comfort zone. The more you do the things that scare you, the faster the fear disappears.

A UK startup has just announced they're paying a minimum £360k base for their engineers. Anthropic, OpenAI and other labs are paying crazy high salaries (over 600k). Now a UK startup has upped their comp packages to compete. The company is backed by @join_ef and @creandum, and is helping people find their next role. It's called Jack and Jill and it's FLYING

Nebius has just raised $5.75bn in convertible notes. It is the largest optional convertible bond ever issued in the United States. Crazy to think it was just two years ago the company split from Yandex

I know people on here love to hate on LinkedIn. However, last week I posted about organising a walk in Hyde Park and FOUR HUNDRED people signed up. I don’t think the X algorithm would have led to the same outcome.

This is another great indication that Europe is waking up to the need for a pro-growth, pro-tech mindset. That being said it's frustrating that initiatives like this are often immediately met with skepticism or complaints. We all agree that we need to adopt a "you can just do things" mentality here in Europe, but then, when people do, they are immediately criticised for it not being perfect. I think it's great to see. Also a great combination of people from different parts of the European ecosystem. Here are some stats on the makeup of the 55 people (according to claude analysis): > Economists make up the bulk (20) > Entrepreneurs come next (11) - it is particularly great to see that it is more than large business executives, and that it is generally a younger, newer generation of entrepreneurs who are tech-focused. > Nine are policy makers > Eight are business execs And then there are some journalists, investors, academics. The geographic composition is quite interesting. There are both 13 representatives from France and Germany (also reflects the name) which is CLASSIC. The overwhelming omission is Poland. Nobody is representing Europe's most successful economy in the last ten years. This seems crazy to me. Surely we want to learn from the best, and Poland has been doing it better than anybody else (@mati would have been great). Overall, the tech representatives are strong. If this was a fantasy football team I would have probably also chucked in @taavet @demishassabis @DadaJudith @eldsjal @arthurmensch. Overall - NICE