“A rainy island with a hostile tax system is a hard sell.” In the @TheBlock__ latest piece, @richardmuirhead reflects on the UK’s long-term competitiveness. The Autumn Statement did deliver some welcome moves for founders, expanded EMI eligibility, stronger VC schemes, and new BBB commitments. But the structural issues we highlight still matter: talent density, regulatory clarity, and a tax environment that competes globally. Progress is there, but the UK has more to do to keep the top 1% building here. Read the full piece →

At the @BVCA Summit today in the London Conference Centre, @richardmuirhead spoke to a room of GPs and LPs about Fabric’s journey, the early bets, the tough lessons, how venture is evolving, and why AI + tokenised ecosystems are bringing our original thesis into sharper focus. Check out the snaps below ⬇️

Live at the London Conference Centre, @richardmuirhead unpacked Fabric’s journey, the early bets, the challenges, the evolution of venture itself, and why this next era of AI + tokenised ecosystems feels like the moment the original thesis comes full circle.