curious, on the investment side, how do you decide if a company can scale beyond the lab? Even if they have breakthrough innovation, that they actually can become a commercial startup? but also from a founding team leadership perspective?

So I mean, we are typically seed investors.

So the companies mostly have mastered the pre-seed stage.

So they have found a market fit and therefore market fit when we are investing um but you're right the question is um i mean there's interest in the product but not at all prior not at all costs from an industry side and that's indeed the very defining point of this investment stage um i mean Most importantly, it's the team.

From our point of view, very typically, if you look into deep tech, for example, it's very often a university-driven founder, technical background, who is starting into the thesis on it, filed a patent, did a PhD research in a specific area, and then maybe comes together very often with a young and very dynamic entrepreneur.

Maybe not that industry-oriented, but driven enough to start something.

And it's a good combination because those are hungry people, they're young people.

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