What, in your opinion, actually separates the few that scale from the many that don't?

I think this is really difficult because, I mean, even if we look at the kind of success stories from a social impact view, if you look at a French company, Insect, the agri-food company that's doing, well, worms in the Sorry, I'm really bad at the kind of details.

But they scaled so well and they raised about 600 million euros and then they more or less went insolvent.

So, I mean, it's so much to do with both being able to first scale up, obviously, and get all the investors involved, but then also keeping that scale, right, and continuing on that path.

And I think sometimes there's also difficulties for whatever company you're in.

And if you're for social impact company, I mean, we've seen a huge change over the last 10 years when grants were both available and fine to take.

And now it's more like, well, you have to go at the same speed as AI startups.

And how do you think that's kind of changed over the years? We know Divya was talking about her journey over 10 years, but also like how has the social impact tech space matured in the last decade, say?

of the issues you think founders here are thinking about at the moment?

Yeah, actually, I was just hosting the opening panel here at the barbecue and with the actually Danish minister of taxation and economic growth on the panel, as well as Platte Pay's CEO and Lassie's CEO and also a partner from Index Ventures.

And it was quite interesting to see that, obviously, this minister is working and has a lot of focus on Europe, but with the Maybe, I don't know, the issues that's been in Denmark, that they don't have enough role models.

They have a lot of state capital being invested, both in like defense currently, but also in biotech.

And we see that through like Novo Nordisk, for example, but also AFO, which is their kind of state-owned investment vehicle.

And we see that most of the investments coming out of Denmark are from these two big players, right? And it seems to me that a lot of the more private equity is non-existent.

I mean, there are early stage VCs in Denmark and Copenhagen, but they don't have big enough muscles to actually manage to invest this money.

Yeah, I think maybe, I mean, Sweden