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Tom Ferguson

Sep 10, 2026

50:04
Where do you feel that you drive inspiration from? Like, oh yeah, this one thing or these two things that happened really tell the story of how I think about XYZ today.
50:13
Oh, woof.
50:16
So, I mean, just kind of where I come from, in many ways, very sort of boring, kind of upper middle class, whatever, childhood in the UK, you know, like phenomenal parents and brother and sister and great, you know, family.
50:31
My brother and sister are a little bit older.
50:33
So I was, you know, but we went off to boarding school at age eight.
50:37
So kind of relatively independent minded when that happened.
50:41
Very kind of traditional and obviously that's traditional for the States.

6 MINS LATER

56:26
And then also just what do you not do? What do people think that you do that you don't?
21:45
And what's the main prohibitor there? Like you're dealing with utility companies that are not really for profit, right? Is there not a profit motive for a lot of these companies to implement?
21:57
There are a number of things.
21:59
Yeah.
21:59
I mean, one of them, I really, a lot of people just sort of blame utilities for being slow.
22:05
And it really is a phenomenal thing.
22:09
ridiculously dedicated professionals who are insanely good at their jobs.
22:13
Like the privilege of being able to ignore water, wastewater and stormwater services essentially, right.

5 MINS LATER

27:44
Yeah,
16:57
So I think that's a nice segue to the next question, which is, you know, within this broader water theme, there are kind of a lot of sub themes, including desalination, including infrastructure, reuse and treatment, efficiency, etc., I'm curious as to whether there's a specific segment or even region that you're ultimately kind of most excited about at this point.
17:22
So in terms of the region, we're 75% by dollar value in the U.S.
17:28
I am a proud British person and I still think that the U.S. still creates the best entrepreneurs.
17:33
There's just something here.
17:35
The rest of the world is catching up.
17:37
But certainly within water, the preponderance of the best entrepreneurs tend to be coming out of the U.S.
17:42
But that is changing, as I've said.

24 MINS LATER

42:13
What's next?

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