Nico Rosberg

But it's so important, especially to be involved in venture capital at the moment, because so much more of the value creation happens before going public in private markets, and especially

Venture capital is perhaps the only way to get exposure to the likes of these frontier models and all the other things that are happening now.

So it's a very, very exciting time and I think huge potential for this asset class in the next years.

And already the last two years have been incredible.

Yeah, at the moment, it definitely looks like the winning strategy is to back those multi-stage large incumbent funds because they're capturing more and more of the value creation in this asset class.

They are becoming bigger, backing more of the winning founders.

So it's really the power law is like...

exaggerating even more, it seems, at the moment.

And the performance is being concentrated more into these top funds out there.

Like even top 10, top 12, that's really where you needed to be in the last couple of years.

So we're pretty pleased with the strategy that we've been going after.

Of course, F1 is pursuing the technology that is most relevant to society.

So these engines are probably, this power unit is probably one of the most efficient there is in the world.

50-50, 50% battery power, that's of course a lot.

And also, as you know, the fuels are CO2 neutral.

Biofuels, synthetic fuels, a mixture of that.

So it's a CO2 neutral fuel.

But of course, there's a lot of criticism at the moment as well, because

You can see, like at the last race, they go down the straight through a flat-out bend and have to downshift after the bend whilst they're still on the straight, because their battery power switches off.

And they have time to get on comms and say, power gone.