This story is available exclusively to Business Insider subscribers.Startup founders and venture capitalist in the UK are alarmed by proposed new laws to scrutinize foreign buyers buying and investing in British firms.
Charles Delingpole, CEO of anti-fraud startup ComplyAdvantage, warned the move would "effectively give the government a veto" over any foreign acquisition. Venture capitalists and founders in the UK have expressed alarm at government plans to limit foreign companies from buying up British firms, warning such a move could be "risky for the startup ecosystem".
Charlie Delingpole, founder and CEO of AI-driven anti-fraud platform ComplyAdvantage, told Business Insider such legislation risked giving the government too much power over future takeovers. Oliver Holle, cofounder and managing partner at Speedinvest, warned politicians were at risk of "underestimating the complexity of the innovation economy".
SAI Good, we are always for sale and allow the family silver to be snapped up constantly. Other countries like the US don't allow plundering of domestic businesses like we do.
the price of national security
😢
good luck
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