Businesses must brace for a year of election frenzy and AI disruption – Martha Lane Fox , president, British Chambers of Commerce

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5 • 6 Ratings

🗓️ 12 December 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Baroness Martha Lane Fox reflects on a challenging year for tech businesses, explains why we should be more concerned about a “profound shift in information flows” than destruction by robots, and unpacks why we shouldn’t be too pessimistic about startup funding. Elsewhere on the show, she looks ahead to a year of political uncertainty and explains why the first trillionaire in the world will “probably” come from the green transition.

Lane Fox is a British businesswoman, philanthropist and public servant. She co-founded Last Minute during the dotcom boom in 1998 with Brent Hoberman, taking it to a public listing two years later. She entered the House of Lords as a crossbencher in 2013, becoming Baroness Martha Lane-Fox of Soho and the youngest female life peer. That same year, Lane Fox was appointed CBE for "services to the digital economy and charity". And in 2014 she was appointed chancellor of the Open University, a role that she continues to hold. Since October 2022 the entrepreneur has been president of the British Chambers of Commerce, a business network spanning companies of different sizes across all sectors.

Transcript

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0:00.0	It would be incredibly difficult to say that there was not a deep mood of uncertainty.
0:10.8	I mean, look at what we've faced in the political landscape over the last just, I mean,
0:15.8	five years, yes, but more pronounced even in the last year.
0:21.9	In my opinion, the first trillionaire in the world,
0:25.2	not that we should be able to create trillionaires,
0:27.8	will probably come from the green transition.
0:32.9	I don't think we should be too bleak.
0:36.0	It takes 100 startups to get funded for one or two to be successful,
0:40.9	and that is the dynamics of the game,
0:42.7	so we need to keep betting on lots and lots of small ideas.
0:49.4	From the first-time founders to the funds that back them,
0:52.8	innovation needs different.
0:55.0	Our episode partner, HSBC Innovation Banking, is proud to accelerate growth for tech and
1:00.8	life science businesses, creating meaningful connections and opening up a world of opportunity
1:05.9	for entrepreneurs and investors alike. Discover more at www.h.h.com innovation banking.com slash
1:14.5	EN-GB.
1:21.1	Hello and welcome to the UKTN podcast, a weekly chat with the movers and shakers of the UK
1:26.6	tech industry and the destination for
1:28.8	all things UK tech related. And this week I'm joined by Martha Lane Fox, president of the British
1:35.1	Chambers of Commerce and co-founder of Last Minute.com. Welcome, Martha. Thank you. Now, I'm going to take
1:41.9	you back in time and ask you about the founding and the starting
1:46.0	up of Last Minute.com, because we were in a very different environment then, weren't we? Not just in
	...

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