meta_pixel
Tapesearch Logo
Log in
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Rishi Sunak, Chancellor of the Exchequer on Turning the UK Into a Talent Magnet, What Can Be Done To Drive Further Investment in UK Venture & A Breakdown of Morning Routines, Peloton Favourites and Managing Nerves

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4637 Ratings

🗓️ 21 June 2021

⏱️ 30 minutes

🧾️ Download transcript

Summary

Rishi Sunak was appointed Chancellor of the Exchequer on 13 February 2020. He was previously Chief Secretary to the Treasury from July 2019 to February 2020, and Parliamentary Under Secretary of State at the Ministry of Housing, Communities and Local Government from January 2018 to July 2019. He spent his professional career before politics in business and finance, working internationally. He co-founded an investment firm working with companies in multiple geographies and used that experience to help small and entrepreneurial British companies grow. 

In Today’s Episode with Rishi Sunak You Will Learn:

1.) Rishi's first job was waiting table in a restaurant, what were his biggest takeaways from that first job? How did Rishi's time at Stanford impact his operating mindset today? How did Rishi make his way into the world of politics following a very successful career in finance?

2.) Talent: What does the UK need to do to become a global talent hub? How can Visa programs be reformed and innovated to ensure the UK is an attractive destination for the best talent? On reflection, where has the UK done well on talent and immigration? On the flip side, what has not worked? Why? What would Rishi have done differently?

3.) Entrepreneurs Relief & Capital Gains: What is the logic behind the removal of entrepreneurs relief? Why is it inefficient in its current form? How does Rishi think about using capital gains as a tool to attract the best to build and invest in the UK? Why does Rishi believe the UK is the most attractive place to build a business from a tax perspective? How does the UK compare to the EU and US?

4.) Driving Further Investment in the UK: What worked and what did not work with regards to "The Future Fund"? What would Rishi have done differently? What can Rishi and the UK do to encourage pension funds to invest more in venture moving forward? What are some elements the public assume the government can and should do, but in reality, you cannot?

5.) Rishi Sunak AMA: What does Rishi's morning routine look like? What time does Rishi wake up? What does he have for breakfast? What does the workout routine look like for Rishi? Who is his favourite Peloton instructor? Why? What is his guilty treat food-wise? How often does he have it? How did it feel for Rishi when he delivered his first budget? Was he nervous? How does Rishi deal with nerves today?

Item’s Mentioned In Today’s Episode with Rishi Sunak

Rishi’s Favourite Book: Roald Dahl

As always you can follow Harry and The Twenty Minute VC on Twitter here!

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to 20VC with me, Harry Stebbings. Now, the episode today is a different one,

0:04.1

when I'm immensely proud to be able to do, and one of the highlights of six years and, if you can

0:08.2

believe, at 2,700 episodes of recording. And so with that, I'm thrilled to welcome the right

0:12.9

Honourable Rishi Sunak. Rishi was appointed Chancellor of the Exchequer on the 13th of February

0:17.2

2020. Previously, he was Chief Secretary to the Treasury from July 2019 to February 2020

0:23.4

and Parliamentary Undersecretary of State at the Ministry of Housing, Communities and Local Government

0:28.6

from January 2018 to July 2019. He spent his professional career before politics in business and finance

0:35.3

working internationally, where he co-founded an investment

0:37.9

firm working with companies in multiple geographies and used that experience to help small and

0:42.6

entrepreneurial businesses in Britain grow. But before we move into the show today, Mercury is

0:47.1

building full-stack banking for startups, applying under 10 minutes from anywhere for FDIC-insured

0:52.9

bank accounts, physical and virtual debit cards,

0:55.9

domestic and international wires, in integrations with gusto, stripe, quickbooks, plaid,

1:01.2

and basically every other tool your startup uses. They also offer unusual features like API

1:06.0

SS, custom team management, and their newly launched Mercury Treasury, a cash management product for

1:11.5

high-growth startups, and they'll even help you build your startup with Mercury Raze, a program

1:16.5

to connect you to Silicon Valley's top investors, head to Mercury.com forward slash sign up to apply.

1:22.3

And speaking of full-stack banking there with Mercury, I have to say I just love using the AngelList

1:26.7

fund admin platform

1:27.8

to manage my investments. The team and platform with Angel List takes care of all my back

1:32.5

office needs so that I can really focus on working with great founders. Leading fund managers

1:36.8

have made over 10,000 investments into 6,000 startups using Angel List, all online and all in one

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Twenty Minute VC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Twenty Minute VC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.