Insights
Notes on the model, the portfolio and building frontier technology from Europe.
StrategyAsymmetric InnovationHow Europe wins the AI race by refusing to run it. A Chinese model erased $589 billion from Nvidia in a single day — and the lesson is not to spend more, but to stop trying.2026-06-24 · 12 min readModelCapital is not enough: the operator-investor modelA cheque buys a seat at the table. Operators win the game. Why we deploy senior builders inside the companies we back.2026-06-18 · 4 min readVisionSovereign by design: financing Europe's frontier infrastructureThe infrastructure of the next decades is being built now. We think more of it should be owned and governed from Europe.2026-05-22 · 5 min readPortfolioBuilt to compound: how each company makes the next one easierA portfolio is not a list of bets. Built well, every company sharpens the tools, network and data the next one starts with.2026-04-30 · 3 min read