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28.10 / UK-Crypto & more

Crypto in U.K.

U.K. Lawmakers this week voted to recognize Crypto as regulated financial instruments. This was a quick move as it was always known that Rishi Sunak (the incoming U.K. PM is pro-crypto).

"The substance here is to treat them [crypto] like other forms of financial assets and not to prefer them, but also to bring them within the scope of regulation for the first time," said Andrew Griffith
The markets bill – and by extension the stablecoin rules – was introduced during Sunak's time as finance minister in the Boris Johnson administration.

There was a positive jump in the Crypto prices across board. This shows how much can depend on the Government regulation and a pro-vs-anti Crypto government at the helm.


Rising prices are pinching everyone. Inflation word is on everyone’s tongue.

Here is a snippet from a recent .
True, the worldwide inflation of the 2020s does not yet rival the worst inflation crises of past decades. In the 1970s, annual price increases in the United States stayed above six percent for ten years, reaching 14 percent in 1980; inflation in Japan and the United Kingdom peaked at over 20 percent. For low- and middle-income countries, the early 1990s were even worse: more than 40 such countries had inflation rates above 40 percent, with some reaching 1,000 percent or more. Still, in 2021 and 2022, the global economy moved in a deeply worrisome direction as governments and policymakers belatedly discovered they were facing runaway price increases amid a war in Ukraine and other large-scale shocks.

For many startups this will be the first time they are going to position their business for a high inflation regime. Look below most the last decade was low rate and low inflation regime.
While it will have a direct impact on certain startups (think people buying less). This will also impact one of the biggest category of costs for startups i.e. Talent costs.

Startup Work Environment

I did a poll yesterday. Though it didn’t generate as many votes as I hoped for, still the results were in-line to what I was expecting. On a very high level, startup employees are feeling more & more driven into a corner due to macro factors. More than 50% said their work environment felt like ‘Toxic’. Now everyone can have a different definition of a ‘Toxic’ work environment so instead of going into too many details, I just created a huge gap into the options.
See results below 👇
Screenshot 2022-10-28 at 12.03.46.png

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