Jeff Wang

So I think for Klarna, it matters less, but I do think if you are any company that can go global, you start in Europe. Europe is a very nice prize, but I think the best companies will want to go global and they want to go after the US opportunity. It is, you know, the US is still probably, it is the largest opportunity for software companies.

It's probably the largest opportunity for FinTech companies. You know, if I look at most software companies, you're probably two thirds kind of US Canada in terms of revenue contribution and then one third everything else. So you have to succeed in Europe if you start out there, you're a European company. But man, the US is a pretty big prize.

It's probably the largest opportunity for FinTech companies. You know, if I look at most software companies, you're probably two thirds kind of US Canada in terms of revenue contribution and then one third everything else. So you have to succeed in Europe if you start out there, you're a European company. But man, the US is a pretty big prize.

It's probably the largest opportunity for FinTech companies. You know, if I look at most software companies, you're probably two thirds kind of US Canada in terms of revenue contribution and then one third everything else. So you have to succeed in Europe if you start out there, you're a European company. But man, the US is a pretty big prize.

I think it's already happened. It's already happened.

I think it's already happened. It's already happened.

I think it's already happened. It's already happened.

I think it has to. It has been more difficult for us to say invest in Chinese companies. And it's not just the macro, right? It's these companies have become less transparent with us over time. We appreciate less money. what's going on internally. So I think about a company like PDD. I think it's a great company.

I think it has to. It has been more difficult for us to say invest in Chinese companies. And it's not just the macro, right? It's these companies have become less transparent with us over time. We appreciate less money. what's going on internally. So I think about a company like PDD. I think it's a great company.

I think it has to. It has been more difficult for us to say invest in Chinese companies. And it's not just the macro, right? It's these companies have become less transparent with us over time. We appreciate less money. what's going on internally. So I think about a company like PDD. I think it's a great company.

I don't know what's happening there in terms of why they decide to tank the stock, because everything that we see on the ground is still very positive for PDD. And so those things, I think, do give me pause in terms of not appreciating what's going on internally in those businesses.

I don't know what's happening there in terms of why they decide to tank the stock, because everything that we see on the ground is still very positive for PDD. And so those things, I think, do give me pause in terms of not appreciating what's going on internally in those businesses.

I don't know what's happening there in terms of why they decide to tank the stock, because everything that we see on the ground is still very positive for PDD. And so those things, I think, do give me pause in terms of not appreciating what's going on internally in those businesses.

It has to. I mean, the level of just pure entrepreneurship, the level of just the founder quality, how smart and aggressive they are, it's just remarkable. I just don't think that goes away. I mean, if you look at...

It has to. I mean, the level of just pure entrepreneurship, the level of just the founder quality, how smart and aggressive they are, it's just remarkable. I just don't think that goes away. I mean, if you look at...

It has to. I mean, the level of just pure entrepreneurship, the level of just the founder quality, how smart and aggressive they are, it's just remarkable. I just don't think that goes away. I mean, if you look at...

But I think the best Chinese companies, like the best European companies, will also go global. So PDD has gone global.

But I think the best Chinese companies, like the best European companies, will also go global. So PDD has gone global.

But I think the best Chinese companies, like the best European companies, will also go global. So PDD has gone global.

I'm optimistic. Overall, the market, what it has created is it's created great consumer companies, great financials companies. I think what we haven't yet seen is great technology companies, in part because some of the best technology founders come to the US. But I'm optimistic. I just caught up with a couple of the GPs on the Peak15 team last week.