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NotWal said..
+1 for the lesson from Simon.
That Bic kit may be a good deal. When you add up all the individual components you need ultra cheap everything to meet that budget. Even if you get a cheap old Tyronsea (which I maintain is an adequate beginner board) you still need a sail (or 2) a mast, boom, uni, extension and fin. And then a harness and harness lines.
You need a smallish sail to start with and the Bic package may not include one.
I'd agree that a cheap old Tyronsea is adequate to learn on, as long as you are committed.
Many of us sailing today learnt on gear like this and worse, and we are still around now. Newer gear will be easier to begin with, and likely to last you longer through your progression if you get the right thing. But everyone has a budget, so buy the best you can within that and get on the water, and keep at it.