nostr:npub1vh9nmlglyd84nudfdurd9fc9pewp4p925slevzvs0xcue3k005cskv8qsf

Yes, that would be true, but they are likely starting from a model that sees finance stemming from either Venture Capitalists or from other pre-IPO sources (family etc.).

The FT is also most concerned about large firms using free-cash on interest payments rather than to invest - which they see as a key issue....

Of course, most start-ups don't make a profit so tax-relief on corporation tax is hardly an issue that is at the forefront of entrepreneurs' minds