It's interesting to see these opinions from someone who has been close to Seedcamp, even though at the end of the article the author discloses a bit of a vested interest in criticising.

Anyway, I thoroughly agree.

From my perspective, running a startup based in London that's been entirely bootstrapped, I'd be more interested in applying for Y-Combinator than Seedcamp. Even though we already have premises and 1 staff member, and a product virtually finished, I think we'd get miles more value for our 5-6% from YC.

There seems to be this notion in the UK that raising money and starting a business is a reality TV show. I'm subscribed to a mailing list where someone has come up with "Pitch to Win":

http://www.meetup.com/startup-fasttrack/calendar/10723535/

Defies belief. While this sort of attitude is floating around, I'm just not sure how to approach the whole funding problem in the UK.

We haven't approached any investors here yet (although we have been approached), and I am feeling like I'm going to have to look to the other side of the Atlantic to find the kind of people that I'd like to work with.