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Doug Scott Profile
Doug Scott

@doug_scott

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22,602
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Founded some stuff. First idiot backer of idiots. Loves Cheese and Onion Sandwiches

Planet Earth
Joined July 2008
Don't wanna be here? Send us removal request.
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@doug_scott
Doug Scott
4 years
So what next??
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@doug_scott
Doug Scott
6 years
now has 1200 vc's listed globally. Submit your decks:)
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@doug_scott
Doug Scott
2 years
Discounted Valuation ( payment in kind)? I thought investors helped for free was part of the deal?
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@doug_scott
Doug Scott
5 years
@paulg America: Let's bring the crass money, monopoly and arrogance. China: Lets bring the cheap slave labour. EU: Lets try to create moral laws to stop the 2 above.
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@doug_scott
Doug Scott
5 years
Saw a bloke who’s trolley was full to the brim with hand sanitizers, baby wipes, etc I called him a selfish ****, 😡 Told him he should be f*king ashamed of himself! 😡😡 He said: “that’s all good and well mate but I work here, can I carry on filling the shelves now?”
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@doug_scott
Doug Scott
3 years
@100trillionUSD You are emotionally vested into your model. As a trader you know that is a dangerous narrative to follow.
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@doug_scott
Doug Scott
5 years
If I started something  That gave you salary and equity and freedom to play Where you could start many businesses  You never had to worry about clients  You were surrounded by creative people  It made you 10x Better than you thought you could be  Would you be interested ?
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@doug_scott
Doug Scott
5 years
Anyone fallen into this trap???
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@doug_scott
Doug Scott
5 years
Barber vans who come to you in London. I am cool now @mrtrimit
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@doug_scott
Doug Scott
6 years
To give founders some ideas of how few people get funded. A smallish VC ( £50 million in size ) just told me they look at 2000 decks per year and fund 6. Build a business that makes money as your chance of funding is almost none existent.
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@doug_scott
Doug Scott
5 years
Be born wealthyish. Go to Stanford and do Computer Science. Goto work at FB/Google. Quit job. Create startup and raise millions. Sell company to FB/Google. Become VC. Invest in ex FB/Google founders who did Computer Science at Stanford.
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@doug_scott
Doug Scott
4 years
Anyone fallen into this trap???
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@doug_scott
Doug Scott
3 years
“If you are neutral in situations of injustice, you have chosen the side of the oppressor.” - Desmond Tutu.
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@doug_scott
Doug Scott
6 years
@jordanbpeterson @nntaleb Do it in private so you can be honest and open and not involve ego.
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@doug_scott
Doug Scott
2 years
I have created about £5 billion in sales online but I am not writing a fu**ing newsletter explaining how I did it...instread I will just post shit jokes as they are more fun
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@doug_scott
Doug Scott
6 years
How to build a Unicorn? Target a market very small, own the space, be the best in the world, ask users who love you what they want, look at the data of where your users spend most of their time on your site, build that fast, cheap and badly, make better. Iterate. Repeat.
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@doug_scott
Doug Scott
6 years
Life of a VC: Read 50 decks pcm Meet 20 founders pcm Attend 5-10 board meetings ( many which they know little about ) Preparing or raising next fund Get a decent salary Wait 10-15 years for the carry, in most cases never appears Gobsmacked the number of people who want to be VC.
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@doug_scott
Doug Scott
4 years
Be born wealthyish. Go to Stanford and do Computer Science. Goto work at FB/Google. Quit job. Create startup and raise millions. Sell company to FB/Google. Become VC. Invest in ex FB/Google founders who did Computer Science at Stanford.
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@doug_scott
Doug Scott
1 month
@PeterMcCormack Interview him and Douglas Murray then decide
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@doug_scott
Doug Scott
6 years
Gobsmacked how many founders have no idea what a VC's business model is. Whatever the VC fund size is they will want your startup to be worth 3-5x the TOTAL fund size. This will cover all the losses. If they do not think you OR your idea can do that then you will get no money.
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@doug_scott
Doug Scott
2 years
Venture investing really is silly. Some people who may or may not be smart randomly pick who to give money to...and everyone - founders and VC's think it is not random. Interesting how arbitrary the money distribution game is
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@doug_scott
Doug Scott
5 years
Why has Timpsons closed... aren't they key workers?
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@doug_scott
Doug Scott
5 years
At what point will VC's stop saying contact us via someone we know. This implies that you are only allowed in the club if you are an Elite Friend. If you have no bias then remove the bo**ocks from your website. I will start sharing who has bias then let us see if you keep this xx
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@doug_scott
Doug Scott
5 years
Rich kids can afford many throws they can try over and over and over again until they hit something and feel good about themselves. Some keep going until they hit the center bull’s-eye, and then they talk about how failure is essential to success
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@doug_scott
Doug Scott
5 years
Congratulations once more to @paul_a_smith OBE. I am pleased to say my friend and one of the nicest and most helpful people around, who has done a huge amount to help so many people has got an OBE. Well done matey xx
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@doug_scott
Doug Scott
4 years
Lots of employees love this remote work unaware that they will soon be unemployed as employers realise they can utilise the best people any where in the world.
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@doug_scott
Doug Scott
5 years
When you’re 20 you care what everyone thinks, when you’re 40 you stop caring what everyone thinks, when you’re 60 you realize no one was ever thinking about you in the first place. How old are you? What stage are you at?
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@doug_scott
Doug Scott
8 years
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@doug_scott
Doug Scott
5 years
UK Tech Unicorns 2011-15 Transferwise, founded 2011, valuation £3.18 billion, last year turnover £179 million, profit £10.3 million Sumup, founded 2011, valuation £1.00 billion, last year turnover £24 million, profit £1.7 million
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@doug_scott
Doug Scott
5 years
A week into self-isolation, it’s very upsetting for me to witness my wife standing at the living room window staring aimlessly into space, with tears running down her cheeks. It breaks my heart to see her like this. I’ve even considered letting her come in... but rules are rules.
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@doug_scott
Doug Scott
4 years
Bitcoin - weeks of digging and being very very negative in public and private and I am changing my mind in public. There are numerous things wrong with Bitcoin but compared to the current options we have available it is just much better. @alexdunsdon @JeffBooth
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@doug_scott
Doug Scott
4 years
Not true, attacks on Tether are attacks on some dodgy crooks. Now you are trying to get the crypto community to bail you out
@paoloardoino
Paolo Ardoino 🤖🍐
4 years
Attacks to #tether are really attacks to #bitcoin Attacking #tether is just easier for them, but the main goal is to discredit #bitcoin and all #crypto . Good luck donkeys.
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@doug_scott
Doug Scott
7 years
Confused this morning. So much celebration about startups raising cash.. It's a tiny tiny part in building a company like buying toilet roll
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@doug_scott
Doug Scott
3 years
I assume humanity bumbles along with no idea and will drive itself off a cliff. I will spend my life trying to make it not do so. I suspect I will fail but I get to have a laugh with some interesting people:)
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@doug_scott
Doug Scott
7 years
CEO job. Set vision...hold people to vision Always be chatting to interesting people - have no agenda Look after people Make sure the bank account has cash in it
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@doug_scott
Doug Scott
3 years
:)
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@doug_scott
Doug Scott
5 years
It is true:):) @paul_a_smith has been awarded and OBE. Congratulations and well deserved for one of the best people around love you Big Man xxx
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@doug_scott
Doug Scott
4 years
Soon we will see the biggest hashtag ever on twitter #YOURFIRED
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@doug_scott
Doug Scott
4 years
A sensible person checks the escape routes, so note the Bitcoin price depends on the exchange you are selling on and is only real when you are off ramp...so check how fast you can get out if need be.
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@doug_scott
Doug Scott
5 years
30% increase in Corona cases in UK overnight so we are still following the Italian graph. Stop going to events, stop holding events.....this is what the Chinese learnt to have a huge impact. We are 13 days away from where Italy now is.
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@doug_scott
Doug Scott
2 years
It all goes wrong when you take drugs.....a fall from greatness:(
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@doug_scott
Doug Scott
2 years
Good for early stage startups...now can raise more and investors can invest more
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@doug_scott
Doug Scott
2 years
Ha ha
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@doug_scott
Doug Scott
10 years
AngelList - Doug Scott's Syndicate http://t.co/mO9bpWyKjh http://t.co/SkXpEtBkiS
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@doug_scott
Doug Scott
2 years
50% discount on £100 million valuation companies. I can't see many companies taking up this offer.
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@doug_scott
Doug Scott
5 years
First job of CEO have enough cash to exist tomorrow. Everything else does not matter.
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@doug_scott
Doug Scott
6 years
boom
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@doug_scott
Doug Scott
3 years
is real
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@doug_scott
Doug Scott
7 years
If I raised a vc with the agenda of only doing mad shit and giving loonies money just to see what would happen would anyone invest?
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@doug_scott
Doug Scott
3 years
Potential???? should we raise a fund to invest in happy happy people who have no business plan but an agenda to make people happy?
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@doug_scott
Doug Scott
2 years
@StevenBartlett you can do better than this. x
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@doug_scott
Doug Scott
4 years
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@doug_scott
Doug Scott
3 years
The meaning in life is to find your gifts. The purpose of life is to give them away” — Pablo Picasso
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@doug_scott
Doug Scott
4 years
Looking for a COO based in UK for a company with 50 people, must be able to get to midlands 1 day per week. Company I seed invested, 3 year old company, £10's millions revenue, profitable, no VC/PE investors involved. Please share and message me please if interested. Thanks.
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@doug_scott
Doug Scott
6 years
Why shit matters @campusnorthuk
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@doug_scott
Doug Scott
7 years
I have done some crypto analysis here is the graph:)
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@doug_scott
Doug Scott
5 years
Happiness = health + money + social life + meaning Health = sleep + diet + exercise Sleep = schedule + technique Expand for them all Thanks Dilbert
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@doug_scott
Doug Scott
6 years
love this
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@doug_scott
Doug Scott
6 years
Question for founders if you were an investor?? 3 team members - a maths Phd, an ex Olympic gold medalist, a domain expert. All been best friends for 15 years. The idea they have seems to make no sense. If you were an investor would you take the meeting??
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@doug_scott
Doug Scott
9 years
Paul Smith for Head of Tech North Please @paul_a_smith
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@doug_scott
Doug Scott
5 years
Food delivery?? Deliveroo, last year turnover £476 million, losses £232 million JustEat, last year turnover £779 million, profit £80 million
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@doug_scott
Doug Scott
5 years
Uber Eats and Deliveroo about to get battered as people realise they do not want to eat food that have had an unknown number of people touch????
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@doug_scott
Doug Scott
5 years
VC question. How many people would still want your advice when you no longer have money?
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@doug_scott
Doug Scott
5 years
A question to all those panic buying ice cream, tinned fruit and raspberry sauce; are you planning to self isolate for a month of sundaes?
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@doug_scott
Doug Scott
7 years
My bet @citymapper will be the largest valued company to come out of Europe ever and bigger than @uber
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@doug_scott
Doug Scott
5 years
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@doug_scott
Doug Scott
3 years
Is no one wondering what will happen with NYAG and Tether report other than me?
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@doug_scott
Doug Scott
10 years
“Ask what makes you come alive and go do it. Because what the world needs is people who have come alive.” - Howard Thurman
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@doug_scott
Doug Scott
2 years
A thorn between 2 roses:) Will and Shaaz 2 of the most lovely people around who have been on numerous mad journies with me. Thank you. @Redbrainglobal
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@doug_scott
Doug Scott
5 years
When you are trying to raise money for your bad startup learn the tricks to sell and be a mirror of the investor. When you have a wow startup be aware of the investors who learn to sell to you and become the mirror of you.
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@doug_scott
Doug Scott
2 years
I never make the same mistake twice. I make it like five or six times, you know, just to be sure.:)
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@doug_scott
Doug Scott
5 years
Met another 20 year old this week who is going to waste there 20s and 30s building the next big thing
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@doug_scott
Doug Scott
6 years
Startups - Take the most money from the stupidest people and take the most time from the smartest people. Very occasionally they are the same people:)
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@doug_scott
Doug Scott
7 years
ha ha
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@doug_scott
Doug Scott
5 years
When I was an angel investor I got startups meetings with angels and vc's and many got funded. Seeing the quality of the decks on Decksender I am gobsmacked so few have been funded? Was I great salesman to other investors OR did I spot magic OR did I make investors lives easy???
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@doug_scott
Doug Scott
4 years
V2 coming soon, 3 new team members in past month. All are funnny:):) ha ha
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@doug_scott
Doug Scott
3 years
Congrats to @paul_a_smith today ( and his mum ) a well deserved OBE for one of the nicest and most helpful people I know. Congrats mate, your mum will love the day.
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@doug_scott
Doug Scott
5 years
This happens to loads and loads of people but they never say it: "I left my high paid corporate job to found a startup...startup life was shit so I went back to my safe easy high paid job":) Why?
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@doug_scott
Doug Scott
8 years
I should not win and this is why:):) @SHERM8N @alexdunsdon
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@doug_scott
Doug Scott
3 years
Tether sold $20 billion worth in last few months, where did those $'s go????? Who has some????
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@doug_scott
Doug Scott
2 years
What the f is the UK gov doing? Inflation rising, interest rates up to stop it, now cutting tax which basically negates interest rate rises?
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@doug_scott
Doug Scott
5 years
Greggs have announced today that they will be doing a delivery service using drones....I am not sure. It is all a bit pie in the sky to me.
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@doug_scott
Doug Scott
10 years
Over £100K per deal now:)
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@doug_scott
Doug Scott
5 years
If anyone has a right to be mad at Harry and Meghan it's the people of Sussex, who have been left leaderless without their Duke and who are now defenseless against incursions from Hampshire and Kent.
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@doug_scott
Doug Scott
3 years
The UN has 17 sustainable development goals. Anyone fancy helping me to create 17 investment funds to match each...... just for fun remember;)
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@doug_scott
Doug Scott
6 years
Everyday people connect with me on Linkedin and everyday 1 minute later they try to sell me some stuff.......cheap pimps and whores seemingly also went to the best Universities in the world:)
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@doug_scott
Doug Scott
7 years
ICO questions to ask founding teams before buying any coins:
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@doug_scott
Doug Scott
5 years
40% of all VC money ends up in the hands of FB and Google.....What do you do with the money you raised???
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@doug_scott
Doug Scott
7 years
All computers on planet now connected. What happens when all data becomes connected? Welcome Blockchain.
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@doug_scott
Doug Scott
5 years
Funny...irrelevant of what you think
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@doug_scott
Doug Scott
6 years
Climate change - buy less meat, milk, cheese and butter and more locally sourced seasonal food - and throw less of it away • drive electric cars but walk or cycle short distances • take trains and buses instead of planes • use videoconferencing instead of business travel
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@doug_scott
Doug Scott
5 years
Lawyer Christmas card
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@doug_scott
Doug Scott
1 year
Disney time in London
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@doug_scott
Doug Scott
5 years
There is a huge amount of talent that has no idea how to even get to an investor, I use to invest in it. Investors tell me that all great founders will find them....I simply point at my portfolio and ask them why they never got to meet some of the great founders I invested in??
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@doug_scott
Doug Scott
2 years
@flightstoryfund no longer has a twitter handle
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@doug_scott
Doug Scott
4 years
Worked....anyone any more suggested books
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@doug_scott
Doug Scott
7 years
#Linkybrains is now real people. First event in real
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@doug_scott
Doug Scott
3 years
I am pro science, pro vaccines, pro measures to reduce Covid spread, pro doing things for the benefit of society over the individual but also pro rights of an individual. Covid and how it has been dealt with by governments puts me in a quandary everyday....easily confused:)
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@doug_scott
Doug Scott
5 years
Since I invented the 'indoor boat', sails have gone through the roof.
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@doug_scott
Doug Scott
2 years
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