Chris Brycki

speaker

759 appearances 3 recordings 2 series first heard Mar 2022 last heard 30 Jul

Chris Brycki’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.

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The Money Puzzle · Mega floats, market froth, and whether investing in SpaceX risky or smart · 11 Jun 2026 podcast

So I'm very keen to see mine up on the website as well.

But I mean, yeah, on those concerns, I mean, the first one I raised, you know, in the Australian, even before the budget was this innovation, you know, problem that founders, you know, aren't putting a lot of capital into their business.

They're putting a lot of time and energy and years of hard work and foregoing salaries.

And then eventually, if they're lucky enough, they're getting an exit in a single year.

These proposals, first of all, are nothing like the old structure in 99, where you got to split it across multiple years.

You can't do that.

You're going to pay a minimum 30% capital gains

And you're going to be only indexing your cost base, which for most business owners and founders, you know, who aren't running capital intensive businesses is pretty meaningless.

And so really there's a big tax on innovation and it's going to drive a lot of entrepreneurs and people thinking of starting businesses overseas.

And this is in sectors like, you know, biotechnology or technology or anywhere where there's going to be a lot of intellectual investment

you know, IP and capital, but not a lot of financial or, you know, physical capital.

So this one I think has been aired pretty widely now.

Well, yeah, it sounds to me like something coming from someone that's never thought of running a business before, because having gone through that process, there's a real opportunity cost that people have to consider.

And for me, it was leaving a corporate job where I had a stable salary and a decent salary, going without any sort of salary for multiple years, taking a big risk that it would end up being worth nothing and going back to work and missing out on all of that opportunity.

Like you really, I mean, I sold my house to start the business as well.

So I missed out on years of kind of growth in another asset.

So you have to believe not only your idea is going to be successful, but the financial outcome is going to somewhat justify all of this time and effort.

And I think a lot of founders, you know, already are kind of at the margin working out whether that's worthwhile or not, because, you know, having a stable job and being able to pay your mortgage and kind of live in a secure way is so important for people.

you know, risking all of that for something that's likely to be worth nothing isn't very appealing.

So absolutely tax is a consideration because if you're going to double the tax on an outcome and a sensible founder is trying to probability weight, you know, should I start the business or not?

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