The biometrics prediction feels like a safe bet given how normalized palm payments already are in Asia, but what's really intresting is the US-Europe VC balkanization angle. I've been watching a few funds navigate this and the Delaware domicile thing is such a wierd paradox - you build European tech that's legally American from day one. Makes you wonder if 'sovereign tech' even means anything anymore when the cap table structure dictates juristiction. Def curious how this plays out with deeptech esp.
Let's see on biometric payments in London - our portfolio company Five.id is first to market here so it's still early, but scaling quickly! Completely agree - the Delaware topco thing is going largely unnoticed by European policymakers and has implications across a bunch of areas, not least deeptech, natsec, sovereignty-proximate sectors, as you say.
The biometrics prediction feels like a safe bet given how normalized palm payments already are in Asia, but what's really intresting is the US-Europe VC balkanization angle. I've been watching a few funds navigate this and the Delaware domicile thing is such a wierd paradox - you build European tech that's legally American from day one. Makes you wonder if 'sovereign tech' even means anything anymore when the cap table structure dictates juristiction. Def curious how this plays out with deeptech esp.
Let's see on biometric payments in London - our portfolio company Five.id is first to market here so it's still early, but scaling quickly! Completely agree - the Delaware topco thing is going largely unnoticed by European policymakers and has implications across a bunch of areas, not least deeptech, natsec, sovereignty-proximate sectors, as you say.