All you need to know about H Tree Capital, the new European 'deep biotech' fund started by @HoxtonVentures co-founder @RobK and the female leader he's going to be building it with, healthcare expert Vanela Bushi >> tech.eu/2023/04/03/heres-wha…

NON COMPETES BANNED Today, the PM has announced that his Government will legislate to functionally ban non-compete agreements for startups and scaleups in the UK or as he called it - the Bosman ruling for ruling for the innovation sector' 😂 At the @StartupCltn been working on this for months and we think it’s a huge potential unlock for our tech ecosystem. Here’s what you need to know… - Measures to functionally ban non-competes for startups and scaleups in the UK are going to be set out. - There will also be consultation on a wider set of restrictive practices including gardening leave. - More detail on these plans at the budget in a few weeks (Wednesday 28th October) including a timetable for consultation with a view to legislation in the coming months. We think this is a huge move and so do lots of friends including so many of the great founders that signed the letter with Inherent just the other week. Why? Because talent matters and mobile talent means startups can build. The Valley was built on free-flowing talent. In the UK, we’re now seeing our own versions of this story with companies being built from alumni of both homegrown firms like Revolut and beyond. But we need that to move faster. Hiring and building faster means British startups and scaleups can grow faster. Barriers to that slow our ecosystem down. We won’t pretend it will be perfect, and people (including some of our friends but also lots of fairly vested interests too) will have a right to disagree. But we think that startups will thrive and win in a faster paced Britain. So we are delighted with the progress today - as part of a strong speech by the PM outlining his ambition for building the world’s leading innovation nation including more on tax, growing companies outside London and more. But this is the start, not the end of the process. The announcement launches a consultation. It doesn't mean the issue is settled. How far reform goes, and what it looks like on the ground, is still to be decided. The Prime Minister today has done something that can materially impact the trajectory of the UK tech ecosystem and with it our economy - but only if we make sure it’s delivered. So, the real work starts now.

When I was at Uber, we ran the numbers on the maps app offering the shortest routes We prob had the biggest dataset with this info: we had millions of trips where we knew both which app was used and how long they took Now this may be shocking, but the ranking was: 1. Best: Apple Maps 2. Second: Google Maps 3. Worst: Waze (by far) The research also included which apps people *thought* was worse, and the order came in the exact opposite order. We understood why Apple Maps got a bad rap given how bad it was at launch — it rapidly got better, but the brand stuck. Waze was more of a mystery, and we ended up realizing that people thought its routes were best because it was exposing them to so much info on traffic, construction, police presence etc… Everyone thinks they want a minimalist UI, but in practice, when they see all this info, they subconsciously conclude “wow, these guys really have their shit together” — even when the routes were actually the worst ones. (This research was done maybe 8y ago, wouldn’t be surprised if these rankings were different today.)