You know your country doesn't have many role models when Alex Tew is considered the poster child for a successful Internet entrepreneur.

50 million pounds? That has to be a typo.

[The Grauniad](http://en.wikipedia.org/wiki/Grauniad#The_Guardian_in_the_popular_imagination) is well known for it's typos.

uh, yah. It's a fun idea, but 5m seems more appropriate.

This is funny. The guy has been offered access to a fund, which is $100m in total, not the full fund of $100m itself. I love how things get spun.

I blogged about it here: http://www.kulveer.co.uk/2007/02/oxford-student-offered-access-to-100m.html

Lazy journalism, for real.

Still, 5 million pounds? $10m for an idea?!?

Well, the idea is out in the open now so you can steal it and make them feel silly :) Actually it doesn't really say in the article what they've developed, if anything. Also, the VC firm could own 90% of the company now or something- it's not like they handed them a $10m check and said have fun.