Hussein Kanji

I mean, I don't know about the general market, but in our portfolio, for sure. That's why we've ended up concentrating. Because you are seeing the U.S. players come in with large amounts of cash. Again, the challenge in Europe is most of these companies need a little bit of tinkering versus like being you can't just fully, fully leave them alone.

I mean, I don't know about the general market, but in our portfolio, for sure. That's why we've ended up concentrating. Because you are seeing the U.S. players come in with large amounts of cash. Again, the challenge in Europe is most of these companies need a little bit of tinkering versus like being you can't just fully, fully leave them alone.

I mean, I don't know about the general market, but in our portfolio, for sure. That's why we've ended up concentrating. Because you are seeing the U.S. players come in with large amounts of cash. Again, the challenge in Europe is most of these companies need a little bit of tinkering versus like being you can't just fully, fully leave them alone.

You have to think of Europe the way venture was in the 80s or 90s in the U.S., where these companies, if they didn't have a strong partner on board helping them build, and you read these oral histories, you will see what I mean by companies actually getting guidance on what to build. We're in that mode.

You have to think of Europe the way venture was in the 80s or 90s in the U.S., where these companies, if they didn't have a strong partner on board helping them build, and you read these oral histories, you will see what I mean by companies actually getting guidance on what to build. We're in that mode.

You have to think of Europe the way venture was in the 80s or 90s in the U.S., where these companies, if they didn't have a strong partner on board helping them build, and you read these oral histories, you will see what I mean by companies actually getting guidance on what to build. We're in that mode.

And I think the industry has shifted in the US to be like, you know what, the market takes care of that stuff. I just have to deploy capital. And in Europe, the market doesn't take care of itself.

And I think the industry has shifted in the US to be like, you know what, the market takes care of that stuff. I just have to deploy capital. And in Europe, the market doesn't take care of itself.

And I think the industry has shifted in the US to be like, you know what, the market takes care of that stuff. I just have to deploy capital. And in Europe, the market doesn't take care of itself.

I don't know if this necessarily always resonates, but the minute there's a hiccup and you have these hard conversations with founders, people grok it.

I don't know if this necessarily always resonates, but the minute there's a hiccup and you have these hard conversations with founders, people grok it.

I don't know if this necessarily always resonates, but the minute there's a hiccup and you have these hard conversations with founders, people grok it.

From a macro perspective, that's not what I do, right? I think of this as like underlying fundamentals for my business. We're living in a world of AI. I think this is the big seismic shift for like the next like 10 years. This is where we're going. This is where the next wave of wealth creation is going to be. I'm looking at the conditions on the ground.

From a macro perspective, that's not what I do, right? I think of this as like underlying fundamentals for my business. We're living in a world of AI. I think this is the big seismic shift for like the next like 10 years. This is where we're going. This is where the next wave of wealth creation is going to be. I'm looking at the conditions on the ground.

From a macro perspective, that's not what I do, right? I think of this as like underlying fundamentals for my business. We're living in a world of AI. I think this is the big seismic shift for like the next like 10 years. This is where we're going. This is where the next wave of wealth creation is going to be. I'm looking at the conditions on the ground.

We used to produce really interesting gaming companies when I was at Accel. Like, we were really strong in Europe. And that was probably the only thing we were really strong at. And then the government, like, lowered the regulation in finance. And so we were really good at building, like, fintech companies here. Monzo, Revoluto. 100%, I remember. And this was the place to build fintechs. Exactly.

We used to produce really interesting gaming companies when I was at Accel. Like, we were really strong in Europe. And that was probably the only thing we were really strong at. And then the government, like, lowered the regulation in finance. And so we were really good at building, like, fintech companies here. Monzo, Revoluto. 100%, I remember. And this was the place to build fintechs. Exactly.

We used to produce really interesting gaming companies when I was at Accel. Like, we were really strong in Europe. And that was probably the only thing we were really strong at. And then the government, like, lowered the regulation in finance. And so we were really good at building, like, fintech companies here. Monzo, Revoluto. 100%, I remember. And this was the place to build fintechs. Exactly.

And the FCA really made it easy from a sandbox perspective. When you look at this new big, but those who are niche, they're big niches, but they're niches like in the tech industry. AI is much more horizontal. When you look at what's happening in AI, you got DeepMind down the road in London. You got Meta running its AI stuff in Paris.

And the FCA really made it easy from a sandbox perspective. When you look at this new big, but those who are niche, they're big niches, but they're niches like in the tech industry. AI is much more horizontal. When you look at what's happening in AI, you got DeepMind down the road in London. You got Meta running its AI stuff in Paris.