In the UK, if you raise a £5 million VC fund, 20% of that immediately goes to admin and compliance. @JoinOdin Research Lead @credistick on why we need to deregulate: "In 2013, the new AIFMD regulation came into force it put like a huge cost burden on alternative investment funds, which includes VC." "If you think about the most important funds in the history of European venture, someone like Seedcamp, their first fund in 2007 was €2.5 million. And because of this regulation, they could not…