Where can you deploy that money in Europe at scale? So where is your conviction for Europe? If you look

at the venture capital market in Europe, it's highly fragmented.

You have deep pockets of expertise and know-how and technology and talent.

But they're all spread out, right? And if you go to the U.S., it's much more clustered.

So it's easier for you to invest in the U.S.? So you want to...

Well, it's better organized in the U.S., which is one capital market instead of 27.

It makes it, you know, easier.

It's not only about doing fancy things and saying that okay i was there it's also about phantom shares it's also about becoming rich at the end say like that as well