Luca Ferrari

But if we build something remarkable from a country that doesn't see as many successes, that means something extra.

It can be an inspiration, like I just said.

It can help local businesses aim a little bit higher, raise their standards.

It can create competencies locally that can have a positive effect.

And so we just chose to do it that way.

We don't regret it.

There were very good arguments for us to maybe start in California, for sure.

That was a very reasonable point to make.

That happened constantly.

At the very beginning, we actually had another startup called Evertail and that was a failure.

We learned a lot and actually the strategy for bending spoons, we came up with it through the failure of Evertail.

At the time with Evertail, we raised about a million euros all in all and VC money and

Ultimately, the company was about to go bankrupt.

We had about 40,000 euros left.

That money belonged to the VC because of liquidation preferences, but it was too little for the size of that fund.

And they told us, look, it's just too much hassle and legal costs for us to go through this administrative process of liquidation.

You guys worked, you were honest, worked as hard as anyone could demand of you.

You keep the money, we'll sell our shares to you for a nominal one euro, and you'll probably get something after taxes from it and just go and get a nice vacation.

We're sick in the brain.

And so rather than going on vacation, we took whatever we could.