UK Government To Launch VC Fund To Rescue Startups

No, I'm not making this up.  According to this article in the Guardian, the UK government is putting £1 billion into a fund that will invest in startups.  The idea is that it's some sort of rescue plan.

This is not going to end well.

How are they going to allocate the money?  How will they track it?  Are they going to sit on boards?

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