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Two weeks across South Summit in Madrid and SuperReturn in Berlin, one sharpened conclusion: talent, adoption, and cheap compute have all gone global, and capital is the last input behaving as if geography were destiny. On Europe’s $5.6 trillion startup ecosystem, the liquidity drought and the secondaries plumbing built around it, the trophy-name exit window, and why the AI roll-up wave may work better outside the US.
Read the full essay, with links and sources: https://99tech.alexlazarow.com/p/tech-is-globalizing-the-money-is
Narrated with my AI voice.
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