Kieran Kunhya

We don't.

And one of the reasons why VLC was in France is that France rejects software patents.

So most of those patents are illegal in France.

Because I once made the calculus that if I had to pay all the license fee for VLC, I needed to pay more than 200 euros per user, right?

The same in dollars.

But most of those patents are invalid in Europe because those are called, it's basically mathematical patents or idea patents, and they are not valid in Europe.

What you probably don't see yet is that there is a new generation of entrepreneurs in Europe and mostly in France.

UK has done it since a long time because, well, it's more Anglo-Saxon type of business, look at business.

But especially like what happened in France, and of course, sometimes a bit overdone with everything called French tech.

But today, most of the people who come on the market wants to create startups.

15 years ago, it wasn't the case.

Everyone wanted to work on big companies because when you failed in France, for example, 20 years ago, 15 years ago,

And you destroy your company, which is normal for startup, right?

You were not allowed to create a new company, right?

There was a lot of stigma.

The stigma is gone.

There is so many things happening on AI in France and so on, right?

So there is, sure, over-regulations.

I know that, right?

I'm an entrepreneur.