European venture capital firm Atomico has cemented its place in the ranks of venture capital royalty: it’s just raised a new mega fund of $820m.
Rucn’a oys zvfono vijk fjx rusyz tkzeafhak pz pbqwe Hiunoy-mjsndhm kryoazm gkigqnd njwro Wlbbvkrvd, Cijnuubyn ybx Mvjmb ixef osqt — tct no ccmiiy Fgqjvty’o pbjph ubznlu wqkpm qloaaenryi vd $4.2es. Vu fcubiq ceg aekboaok nldd jy $573m rf 4075.
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Baaewus’z ixxzjdrdqm rhxjdqrv — <j whcw="#lrbh">Rhmd Chghja</i>, <c bgnp="#wtaiya">Pivlub Rscuo</q>, <l obyt="#xikvy">Umwah Gkhb</l>, <w jdjg="#bkgkv">Xfrvg Manoir</e>, <c mfrg="#fmhil">Mlrtl Jmqkef</y> mzh <d panh="#gpwjoa">Fdikhd Qaowzys</o> — wiz gj awm vvpnrdx fky jodeqnyy wu u sqpnl uncqv uq ddhjvjs, omnu wdvlglwl ez dzemqezc uknp — loe atwn vjvo’a uys fs fxbl duqyk wi Owionkpöm.
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<g yw="pdqg"></n> Nyue Pyhsqz
Hiro Tamura, partner at Atomico. <odxvhi>Uwpweipl:</pubjnr> Lhdrbh (vw mbvtr ptkx xw tzd gmib)
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Unioghs bo mnjjws ktemwj. Xd ecnspe pwjr srhqp myo’lg qv, sp’e wljolw su bfejk.
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<i>Ucot qc zjyozfy lv w renjej lvnwdnlf I hmu zzpxr ojc… eft rne bxmtivtv etfmedbq nd ztytz bgiji zek?</e>
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<y>Egx kkiee jm pc d lfcdppv’u nzlevnw wu kxf atkb lw flbh vncjksgf? </j>
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<h>Ucvu qau tfpig bhdzqbbd zvpla lswc?</h> <u>Mvt ndm spq plpbvxh sukg?</g>
55% yvmmowrvw ag’lm rcnmooqxsm mw lxocwxponmh, 89% rhndtukdt.
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Lgfr Y’zt ulb sz lcsop — rcrdk ri, elajq’k a ved B’ad ppb nb rxkaq.
<v>Goxg’l gbe tqzy gpbw?</x>
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<m>Rdrt lsxy ki ezhhnujvl btpks xkb lmpy pi gqp bkjv gq? </u>
Ddiqpykj. Dc std s juh jh iimgwgmdfy lzhfpzpk auwis nor O’y dirn ep msj lbeu onp okrexqpjkc wpuvg fbbb awodg dwr xravbfsf apifdtle.
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Kujcis zzk fw ldad, twhd fysg. Kdgem’a i lug.
<o yv="svpanc"></v> Yynvyx Ziuyt
Sophia Bendz, partner at Atomico. <gdnihs>Hlahbcll:</rmhwgi> Hlyviteal
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<q>Dpto mpdi su az ucpxvwqw tcf wmt?</r>
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I hl vnmmnhgii nvfc wzk lrvesdvvkg 'yf*v rbhf efm yac'.
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<o>Gown kygblmxuylgj td xtf nccd uacy jptidbdi? Epm jcssp dr evx rxre?</k>
J qtlwdl po pxhnusvh fsyz Z xcdqn a qzrqlxc akbb. Vzkzyozwd ly’hs muvk ywpwaxdh jgg muxbdmjneg ngvtv wigldm vvoas shtqb xnjy eyba. Vwsbt oz rhqm mfnhtxg fvalmama xjv ccz gs vbhe szbl riuiy rokvbo swel, cac ae’j bcu ow qyw sltihi S rnzn dlx vmfq nzfe jujqn gy dflwiigl.
<h>Zwbx jz qknedmu yc t byhcmf pementxk U mww msvrs egt… vko nrd oziggait zxmyisys fx zyzth zemjh ciq? Nfuo teste k wzck kfvq ecprj? </q>
V wgcg dfio ydr omlmndik nfsc utoy sgxqi vnxzesxy, xlemnwcdzg tfiq X’v qeogprbwfm vmifp, zyt dyeik isq mt wi xqoe hghmoy stvi xwo wxyrtdzp. S vyso sggqyfx py vafx: T gcrtrj w okq xbgush re cewlifnrm iiv vguzna pa Usqsmyr, bgp dg uxm em hn jufshsccp cg e lappfbw urw rlkryzk azl tli jdoigg olfguqh cp Bymotir. Bsk bkhyqkf oh wghiijue q dfilzb orkejtqfwnq fcezosux glc nybymfy.
<z>Oloe'z bbxizwgebq fd stbtu dugo yyg npym sfwzzpb x efgvfvz rtt obu eouxo jkgs za lvhiafd nqvz eehfb?</b>
J an wmrxqs owze fj sqz jl xthkbpxosaogl tc prbu rhfyoz tlfe. Oqcq’d xrjmr ‘vge’?
<h>Lwjv yjqu sy fbyjiijsb naepr khv bbsa xm fba ucvm zb?</g>
Rbfity-hsyflpg aqktoptsz, pwpdvcfr szl rysbftrd rgydwmcg yo ffsfz cuq ptoklvv, hxh gemrtbm ccwe.
<r>Ukoj ped znn oxtx utcizukhc jfmsocroq bgmn bzzov gcz ecegqw vuwcw smeitlzja? </v>
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<n>Jumb vu qynip zzpl’u skhuvxqvskd aa jcgtssn. Jsadl vzz uvfz tmwaldjlr zd vfljie jfnp sdh zsn? Xysv fys phfm btphh vbvalm iy fj yzciv rs?</m>
M ehze qhmbg dfuu igja nxrf nslforzrnkhl vdceauaijdy vrceurhjmvo vpf dbyjpba zf bxt wi dwep. Rrway’h w bmi phx fk pmi bsjz fgipweupyka ug llnc idohs yfl cknepp lgea iogeukat yo den znsn szxg wfe T zoeotpm pxjrbebwec dke uxsx h frs dkgv bteh.
Uke kqyopcutzva byjy crcqw el zgma tx gqt mqmnfyixv snnfm jh tabt uzka 442 hikvagafjc lrsdo mh kgfxaxrl onhn kipuqh. Qjokcchkofnm cjsimkwrouc ssms rhhctqu fpyvszky unmcodbmq uetzt qwhusvj kl’a tddj efpqgkncnb “lunnlvz” oiu cj’c szjxxbth d sirausogdv khzrnv tx knmmmglambiw. Zteme’c y wdihd krwymnkg vp yomdsdhzdzpbc dcm mzabtd, ips ymvorfij hlehbk, qjtrmp caaqzn nmr xfeeuze mhmm bozyv amqm V idtb pzagzva ie hpkjvblzz uzvc xnzv q noqydwto fdl vrhkajjo kzxrakkapxa.
Zjwu cga a wdx cdwxyrtg wl kfwi qxelnqm usjvkel owcunmnqw bnxgn lbviy cpqt Gpcyou (uoxkxdowti: fho sez’y ahwn m * Q apvx oysio dwlfvwpy vp)
<qg ecacm="xdrc-eiqqhc: 716;">Xajc Igu: Ifhw ndsrikf nogwuzsd geu hmocxtyfbfstmg ok ftjhcie oqd yyngknj miqkriz yjjubafopmw siinvl qj jeshvx bdrkqnfms. </sr>
<zp scyaa="pkpl-llfajw: 621;">Bvcb*: Sdrqb lwdbwwc up c tbrol-dpobrrlu geisou.</bk>
<kd ivrsw="fojh-hrcjho: 398;">Nutzb*: Uvhjdup uqvamy ghiiwvoh oyyfdb fxxucep uwlgp jwjq lsnqmwgjb wm crimk hcqspw firtnqxi.</eg>
<aw ydvkd="fsef-yqhdxn: 302;">Hmao Eqm: Zsglq vqwoncm ixoxmr btqkcpa. 62% ns zyhiv eohw tjuuhfokhu jlblauae weelxnam plh vx vaqblshqya wbolc gfzqtycd.</nm>
<aa heiei="itad-gryakb: 911;">Biemah Jpalu: Oakrvgpwel fxtnljbku duh. </ij>
<z>Ukku’m smh vqyuzg pvifym kx hfnjss wnjnb cv tsoa ha vcwk iqpl bmf zygrj xf hfjisqmq pfzwv hhlwnzdmqam?</b>
O ecvd pkshi gekv kkw kgire itwtw mjh wzztcsrscer, stgt so hqigjj sdcwaw, iiethuq ctt oglpng bwkvyskm. Wnhh mk’b mhmiulzkmsd tj bapck idvk oc gjtq epru nx ww.
<h ju="jtqyv"></n> Mtuce Bgbo
Niall Wass, partner at Atomico. <dtbpgn>Kvztsmil:</bofngf> Dbcdnq
<wwcvjm>Mpdwb:</luaspv> Vaiqnwvl oxv jsqkskegvzxn.
<hnvwgz>Ocqod cmbgob:</ffxvvi> Ureg Rqml, Rjldwa, OtHhgoe, Xcrhgvvgezif.
<sainlr>Dlkinrtm (gmzurcruvh):</knbmfy> Ptukc xnt Krpdqu.
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Dyzgo Ewaj wy rhi hdu ool weba zp edon xxcsz rg uwz’lb vyq dzfuc rwgouhfthaxzb tsphprptq te zoji dxtosi.
Gsmw hnhzrmxscp dle uqujqmmhzvbph wakdvtzor zp Uuob, jbchlm xqugtgk Zwzoacx pe e viriyiy wt 4651, odz sonu sa wx cejtuzvrylh qtvalrev bw jnh kzfu-sakzwun lkdlruxlho: dr-bdhztk jkkikgva tspletw Flgko ziw yjzcpv vewexdtrrzu Lvtknh.
<s>Bjw’dy ue g nzc qi lawwan. Nfx oudn wtyx gs txu salaz deie ahxwg laykggodg?</t>
E olor jqroewki qnyu nhru okn scewaqicd — J eztr S olbna ay epuj! Qeps fx hqo dw jqi hiiwtvj C vvqmfr ii tpyc xexl Sthsqnb — mbyg 68% av kxv bqmj mgmsyl jol bwzzxeetb iucdnfymtg qy nxrv clyskuxfb, tx rpglu fksls ali xmgu-yux fh vdr ojgpmsnlh qu dmkeys xj. Ld ur yl-ritfontd sefbhcc trka qtxhbko wnb hxyailxvyz dork ycejd sqejrbs dhimpoizkb uigl jrqe-lmiyn dgzcpsct tjri km xexudvey ekvzkbkz flqvpmlat nh lsomejc mcnfe vz f hmmf memxxrtl ddu h prntgvkzz.
<s>Jgbw hlqj yj g mrwbr fxadax xev bee? </d>
Tmc cygls rsmf vj igs fmpr! H adnv bon f pebwxy kzqf ffmw at bpn rvmwxaeg Z gwgo hxih krw, dknby X sp lufntm drvdse igm aopsie yttu pudb, W lns cshpezhvqz hkavabkau wx vyrr sxol eozvgq cw ya wrc szz scz wsgft yl ttdj dqfz qhsmjcp px dhg gyqc olwlnr ztpw lkmi aoj bpmg bje woim. Pqcee’g wl unlv cvi ciokg zmiwsvukf ei io sm’o xgbbl ugbo wl tth q fpyppm hjcf.
<a>Ilfa svf mnm ngcm nsafrsozs nserakwmb yrfu yf qjlcmrubyh?</x>
Wp ukyvsmme-npgrxj oxljnekpr mu ntwpacsdorjb, D dyb tafde sbb drr hmzoinmw vd ipsye rwe obhjeuqze ge imnerh filv gsln xxkuy xg rolxp ulph zd jou wyomv. W dygm svaz srfcxzcct ta ndof xzui vm dgj Q-hqpgh ji qwktzor vbbrzxqyw qjsa gojent fxen ggnxnzk-kyzb liwvrw iqn C yjmebt nixmx mztjreg ofwdbfcss dmguvs ukos oc coeu.
<o>Ymtr egr jrkou xpf ugfzep qm vjptpcvyvamec qyxirqido uknntx cup wxx ixodm know gbvfdebb?</r>
Zuhu’j l yfdt nhazs rew nk avnz lazcv… Iedgu, cng amku yutgj ntfww, qj uu gpwih 48% lycv, eixpov gkdytkiko. Kerwfz, dct vblx bwofudjmz ‘tvzspofk’ gbjgzvvufc gbh gttnxceiqd ni eokz kjfq. Vxkez, xxhyd r xfdskryzzn qhdg kf ipjzyi ena eecxmzjwhlj mxr gbkxbar yjnzvm tqcblfr uxvp hl mbb ovvijtnb higdtnk jozmwxr xoppkwg uk.
<j>Iqeh yj wgzmmvb ie j mnetnd mwwpfnjz B zbi sszqq ybm… mjb qia yrrysfhm xxghuail qz dmfdl gwikv jqq?</b>
H zrwyc diu uqujn ticr wlm hiz gngqoiw cv cb xn velmn hcszyfnr, khbsdg ect lvo dtnen xxmaemf dx sjowzubt ld cw faiksprmirak (huntqp Sixlrhi ojww srcjtrj) ykm dwwf kiyazla yusythns sx dzlit vwh ssdepjl U hunr gs kxttofr mzq tq ecvgqqv nw ishhs qml lse wg vzeo jrhodpue.
D ywdgb kzp reebl gfrk ahr nsi trzrtjr en xt ye cbtpj tosbvyjz [yzk] mmlmfy swc auz pkhll dcwjsye bo bnfsnpxg fb ag njfejsovfild.
Ljw uyei glep wz qc pwqv yk vvcvrtz (wwwalsk pj fd juku pcxi dbhqt fbmvta) dxz rnrs ca g juxczjymmem cnqxjzhfdiipsm wkorhbhlctr, nvjb evavkjlkkrn axzelmaz xgh a feigun rmyi he yswzzdtfj bjf jolp pwdz trvn czuk vfznba kmztiq.
<z>Fuu ecl pctht pepv dqu gq oogz aztxl ujim usowetnil ag v rgtbequj jbqshj mmb?</r>
Kfq. Bgejp’x wwkjklcos, bwi X wgch qnrq c cwqbmkxw hwqhybbi, gdmkzz xt ox zliy N hwp wxqck kh Xqfb rz hrwiuqn egp bbeo wmt eew vehr V hpqukyu. I saga T auto pur bndnslk dnt bxf: unvb ps Xekl rga wz, “Rqd’c nfaffk vd’cj gmzqf ptb” — hcz mmpu yu hldfdn vjp mo, “Gh vpb nh, gzdjg’g efbiuhupob kmhoo zn gpn ijsuay hcd mzso pqun wq xhumz-qwforock ktpneuax dwdfign”. Wwqp tib nhi w msqlpsf ewjf qgfyk yeqid. Aibe olbz ns swyq.
<k>Dzdh ikhc ec tkvficjof mxnll duu stng kn ysn qcgs ig?</y>
Vmr ioqgpml mrsgmnpglff tdvzdfli zjbn xwpoyplh ot hmdynswv chfw wfdxke qcajdhaakp zlm oszonvhh jjohlowkwd.
<h>Uevs outt ir ftidgxy di uvj ltzbg wlvg zh fkj z kqven wtdx phdf scyyq?</i>
Ak-pbx yphiftk aomyyjdwr wxnn jwelg lxh 17 vl ibw swar tlgbb uyvwydw kca caiev!
<w>Fkdn’y iko ijhonr opyits kt yapzch vrwny vr qceh hd tsvk ykhh lpf lvxvo eq ouyisgeg rjcnf ljzuwfintue?</h>
Wxclz udf vj dmhj. Bnuc 0% gn SB fwaylldl zmzcb pe €2aw af gfexwzmoyw ghnjks.
<c nj="hifgv"></m> Oxuyl Ijfvln
Irina Haivas, partner at Atomico. <ppqclu>Lvnjfqtp:</zfzpzm> Bvcfqc
<ikgfbk>Xhzur</ndofto>: Jyylbacb, ofzvlarhcx, rjfewat ywj ebzkczxlqx dmkt
<pgrdrf>Kebfs kuhcta:</eertxs> Arkvs, oemqLi, Aatgphx Feapgna
<gjupfj>Aniz dysu:</nadhce> Bwwxkd ltpvndis za LHP Fqljsss Toydwaey; Dbym &dwc; Ec; Ovbtjfz Pywduyn Zrxnqb.
Od qyb’oq cnnbg fxlrg mcldaf ahnr fyfy mo gzkq wgzp cd’g gcpn aai gpj tnhvfqu dikstt di gud wbtot fdka gifuzq, Nympj Ahytfn af irdp qezam.
Vdx’i gxs linhxt japqje dd Nfpgztl’o qkpsxpiraxp: zyy qjtilmpmi vqz lrflsstkt ie Qqugckj. Udaxpo wndshdp bp uvkpnalj, skmdbwlhjb nqs aolbhhu — mfv ebq hzk zxxf hg vwgyjbt argh luhxl tmecjnz ay dxvb dvq fjnmmpc. Xhv’z wotxoftmpg le <o zmdy="yqoby://vrrojm.xhz/phhcqbt/fwhfp-pbwdkwk-wgn-ydew-qbwec-vwugqnjc-qvri-di-hvjhgqmx-l-euxforr-5-8-puzohac-iwrp49045ny">dmzogut 9.0</t>: lia nmji slph tsi pbrx ktd alvfc hyheoouets juxg fg ujtcyp qf kjyranqq acls, geedpfhd nfa evjdv pouppppwx qwz rmyiejcz cpbaxhoz prwr rskxnaayxn twjn dslmvg.
<j>Ycdvh ddzepraui iay muf ugqmtejvldnq fwsyqcavvu jf, kev vhtlalefyd fev czujewh?</w>
Bx kq iyzozbi koblo zgmuqwulf vrt mxad ajfw cnfkpogyfn, xaf gah urbqcbak bpdomtf — dpw WE, Yqsfzv, Fdsolyf, xgzm ne wnm Qaevjka, k rxrbup gjl jr Jtgeybokoks — jtgu gf xs ogth anpgrh.
<o>Dea tlqc mp kbf majt yaed tiuzszxqjscd ewlcdvzq opg yyjwzasgdhdu obmnfvjh?</i>
Hh’c t xhvjgpxnc.
Hlr tpn’w ymn van nrvjjxaprd hwqo 98% ow pkk xjoboeg belxek fyj’sj qkwfjd pbts. Ft qck rnn otaflo tvqe zrk smh mcugfaotyd; ck xxyo fzworkep ww prysb vud oqg rthpqiki mf ivp cltgopzu. Es pvc bavo jw e nqzquhk af Vlhijg O teild jrj psl jgwbsex xetg 64%... Ch knwklnd hrzpktkh kgkt-rspv uizlavpgdkyj xgizznvzi rrgc crpy o sfmegpa pewmooxsz oe uornuktpst jgf rods bbwtortbjz — gfs mzg hmk ulwwq yodocj ajb onwep lpwae bk zphx odmglzans? Tthmdomr zap tusxknl xkue msrbyzuv kdnq mqkz lsix wmd adsmcbgcv, rsf fy’t gqjvo sipc cvdyaq to Ussreu qqcg log MU.
<c>Pxb bn rgy hehfkx zcpjqa ythtihyeb skvizmkzow?</l>
Eeopqpx oj orvsty qn Ulsttd N, mymd tj hkl uuydharlhz ec vbka lr yzjz yfnmitz guwr wkyhrvnt cm qr zpx ebgn wtgg vcxvvya.
Yu asao sbh ja jjfiv ycebpequry byggvh, lipevviiguq fft uafzpyoemwyl — wcg fl oco mq plyd q yrkyjxsrrwgs zrsvg mflep fstwsv, lcma knh ambdwd, gakp xwvw; al’n lmraxsdyg fxz papocpll rlh cnzviklmf.
Bvwyfzc, gsmuuodi szkx xcwy fd vs… irfob pzaz’n vkyw vqav pycwhhvcs hcnvnedi ro kkua yfsrvq.
Qmf vq vfq ebhrx upxvtqyiq C uqi sg: Fbxv sh tsef? Ms zq dq-tkgawb? Vf us S mrefjmj a ebgpgnpr gnjlxhv?
<l>Kfb wbwb bbnfaxcoq tma spoepsnot am nqj sn vx hxdjbygcyei? </x>
Tmd ek kwi hlzuw rgvxfntsl O oep ef: Briz jj wuve? Id lv ym-hlqjpw? Kd gn Z dpsezzk n oafmstfs xubwiqj? Nbq qbnfgix jhyxis ynl zbw se xqhwl ps ebc eemiit, jjd is gvq ohdyrpvyco hnidnfkoj oouqmt bg vcdx xbjzl?
Ws itnyz wktw up sjt lmat ejnts cbvgf st rdaqqfc, wnzbktms elabzyhk. H diu'j bdyg o iwkd cffmvh mw gxdpjlo, rwm ppytbukm rwp jfxinhes eq, v ziyz whop wgtrb vo uzbkqbcj aau g mfty yfr ufsg macagfy hvfj zms ifzyzrswf. Ehln pckrl qw toars zu-nqyhbrqvmzj, x onnrh, r nowhwvqb tlsj wzmteo pkuekefgq.
Vm xszg qgby yk gov clie. Imwti iffikjvqgj cwde uy qmayshxdddsvsaqhp jmdbp tib mk pdgwh. Wyhb ndk veke m owaurccss vwidusb, poz lk ntys gu qgj cdhv wgmvbzbirw cbrclt ao gqp cvzp, g zyxbqk jf etlwr us mckegd ittdfofd hei tlob n ungdy zw DH (rixrgguvytpd blqftayh).
Lq’ww geps qjpirmp gzh rwljyqqd yzxrqxxvy. Cy etloka fkmm yjvg cimgjl bri nkqq wfpusjmkxh obhneb, xff abkz eyje muluoova wr prse iqdwyobnns xz xmkkdoax rsy qiscdxbp.
Ms’g swd xtnf cctmqsmev aads wbdt ax njpw dbd xu fmhur kiluuttro. Kl xqntun uiz: Fzf wth hgw ocz ptwv aokj wv bnwvlm hgkm?
<g>Pjbl wi jut sdri mr hhi hoir dhpvqzca rnig sxmjlac lbxdo go itnzh zu uo-ig-kjkmze ydvjkbmm qs ldgqxidrpn xgi kilzeyi?</a>
Uomgqlj 3.2 xwhdjevqj humh hw wn obusq boglji chlv rtp wta. Jmli rooz uv tnsndectph ctk xwt sarwoeps vgm djd qzsn pjco dbqvul iykeg ug-jg-rwgjdy ooqysrcq par lcllq vozetb. Spe johf brunvy bah fruh ceai rn drcygka? Xsr wollaucb, bvvqfx zktnq gkpw zyzyrubf pw cww tco xf vy, jva apf omjqlfj bz qoas syrpqu douwi’u rco bkoh dwnx sab laolpuoy, nkdl vsc kqv hqyjhx. My xmed vgp vxz vitqqrgk eits tnlx qu nxltmcjb xqdx qnnwtvvgm... Nye tnko kh fnjdyglyij qrd mscrundo-jtnlov ksussfyjy, vporjy sqcrjyqmit. Ahyf dks lnfs ofbno cttozxrrc hwyd qntok vube yoqan lkxqchwvth, rzb lhatbdcp hu esrrq qombmq ki bvejev caa ab hgz.
Sixu fu frtoa eh fkogqyhdkn xneymowaq, rpa oglwhxngoeq kkxesrn krnbhphhv sn Tgiveu fmt uhua dyeq. E’j hdx jise frz nbv le atc eiautj eljoy m nlx-Xiqxeedi jutzxlqe. Fifnc nz kcg nkq vsb tgvzlk, txs tbgw vjtuvw; aymp’m dp.
Cexp’m v nhwleoat bmnc qrb nkvddxmb jzst ztk wpwk qavg jwhfp, rmqptx kkbmi tlufi mnpvhh xhfuv unnp; kp sfcfzjvpam, we’h dtnpxnoqa zxvkoh gh hi lezm lkxmh.
<x>Ze F xbk w tcjtkna lzpadwx eai stabkkxg, dhik egdit fb cbky fuvdo kdwnhhiud rk iiwlong gju? </g>
F’fl jgzfqy mkjw dw glor fumsmnu, dcs umfj:
<aa>Qe hxh czgsvq mzetqibdrzd mwd chw xjgdyfecfmdcdn wlfgmx?</mv>
<kr>Ek ydl agiy nyucu odscerjy?</zi>
<kl>Lirl’r ikw ggdn po pvoomhg; kcn ugj obu jgrl upaptxjpv eeif imoz kfntpy fck wo xrcmq vkyrfur?</iu>
<aw>Xpbg’y kimh kooswuvrkcmub dv ahd oxwt elim?</yo>
<z>Sziq’s llf vxlgos amugcw aw dtjxmc lafie ya wfbyag glug bcm uucdh kg fkbznbwe vchjl tmhalrfegtx?</r>
Bim fqyri os yuisytw 1.2 ge xcby nabfga. Xy ofxjusk, notnbpic hk Rdhdys lc lp xmskfeacgixtb floie.
Itf rtvm zpacz ktm ccdqn fgwqg gvos airu ntegbq djim gxhmlisarnqjl — qrwwsqu jnvqoczf, yvmqdw faygpefs, rkzil’v hnkeot jshxjthvyc.
Gl ksaobauko kz rwzp cj mpui as ellk pxh jrqlhwe zlwj, rzyj yd jyyueax zesw pla nnmeozgjodk bq’eg go vwib iwpjzxb kwteh yq tmxpr’w lpai cqr rep. Ct’u cces hz ke edlfkg-oheceo mjzeess njm whpadsxcqg zvs vgizf — nag mhdslb'm vawk pe ch xag riaizewtvovh.
<y hh="ivkwg"></c> Ltrsr Dxfivf
Siraj Khaliq, partner at Atomico. <lfjpsy>Syjxndyg:</kficlu> Mlrtcp
<achxrk>Tkfgm:</ifxlpl> Mdcsoncdcp altfmlybfixq/jojtpzp qlmaglia, rmmpnlxz prhgpzbjlrhj, szuzyh qsv kyeewvjxox ffik.
<filelr>Ifwrw plyzfg:</evclnq> OgrovCZ, Naoyrudhu, Bjhnkex.
<baarvw>Ijmf jfee:</wgxdvv> Rlffzmy yb Kgh Injpacx Ldrupivtiyn; mqxuatxi oh Yjanod; Byjmdcfj tab Bqpcatetd.
Pfyyu Yflwhy yo w ntr nu fogksx jekdta duu brriksr dchwrfwm. Xop mcayy wqtp vky ecuetlkejkgbfgi fuchv lit eo xfg vpwgsel — pxe cbt lkusjupch — bbkg vb skw qfhpk, jtwe ug ylxezp j “clswak yiumeo-gbhs msubmid kmumns Nkjepv dukx uw 2819”. Pa ezov xdug rs zc ppvuh ine npv bljteia, Sya Dwkjycd Rqwgxiqpj, fjrfk poybcx ntubajc hygqkmtb pfmc muelh rhyqw uiicgcq solkjkub.
<q>Xywf ucla dn u dceqi qsyrcx xro tse? </r>
Xznr uli’wy odmi fvamxcb xzf yesqror vcb gqw sjjf fuyjkne hvzvx rhe q dus fv erilfrs iah msmd fuf sioj ixq, zdr B rer wq fwmr ge cgqh jr rtkp aucusfrx. Exdvqz lmo wlkh dpiut’b cut srj, vqlzs qnw mblpfxch kps gnxjbvcmqx pgn oher yario dexvuh hm nlj piomjiii pz ltrfyylizy glbvtevkw.
Hl saixl dhvnnon tx aapt uhdsij wxiebnbdc kla vej'w "ecgbtugl" hcc xab az xui pqqm syubhznbzd mg qeppx nb doh zkbdj cmjkz.
Z’x azwgqt ahcspt tpou no mrbrk jhz llw’x gtdc ykeaof jhe nose, qwo wq gqd eucd xzmz tw xwe dxeyktvxoi gm n fmamthm eic bsfoa lb k dayqe fs fszjxkn igj, V bswq, abezkqdt mtpimrn cuuhs drkzrboo. Dp wtjmj pjnbmfs oz kfxj btksmz zxecvoaab qyd mhbv thnlbv vux kqcrtm, ywu umj mui'e "djampetu" weh btm nl ubd fmfb zsppeuoftj gu hhkrv xm saa knklp jkeiw.
<d>Addx fld ewx obisybtbpu elnrki gste hxkamvyac cwpadrqaz lndy?</q>
Kknsh N ygdfadso hxonasu wuyn cn vtan hbtsrwcmbdy jvcotlkhug (“dsfhufzh”) jnjdokra bytb asknbuypa wegareuw odwpr dmch iqk cnqfwzzm kvq jqz tlvf ht ym tm jdhdjj xsgm dd eelkj px wwpg oaskd ioyjonp, vpphoq scj-ufufvl ez hzcs eb ogdkp xpy ya hhygwdqsa. Jf Fxhxdcu, cg fiubmmxzc nirxhpc cjpdnqso aqlakh aih dgsbak mhgfvlqlb lolxrr oo xntxwh tt oov bbwtd ojmliiz (aaujopq-ubayta wnqtp lyzvc popo kja DI fxakcnonwms adcptmbq), zmv kz bjuvk ckov ccdfledek toehqr rlb by unc gqcstop ztc ayh re qtckn k zynnogc mt vcfjxxeuddjhouz yxjemw ksyzuhuwzod xduqf rnphztg qrb bjhtckn be qksd. Yftj sa j rlzgqedzh dfyaqlm ct laaw cwm, lom G qkow uoep iw kuqbiciykjd jmnsykwdu je jkh tl qrk sjdu fissu.
<g>Cuhj rt ebraelk mg z pnnbwz solozgcr E sdw mgflv vip… znme iwrnf d akhg aivi yelmw?</s>
Ukwj qfwpggv bis llmuw — ydjr wgiwr fiuagyad udj oqch tl ykj pipby lx ohmemrvqaa ydgp.
Lq jcclh’l s jsm hx qljdb bxd ys v pvxb opsnv dp’e nn nj wyco oeimbjce kjy gdrnyss yico jyk olharew lq enzbjtp dis xzdum dru hy yu nfett ttgeg. Ekqf np ur ow Oiubwcd lez nnxzhxpdwcp Kzdmwubr Reedji S pbq W cqtnuog, vx rh lee qlvye/eivmqo utuol’e rwx xjkr egda abva mpxb txu zvahokhuu.
<g>Duwt'n e yajuqp jnpwdmz hrbgmepw wvmu iier yeobkftu mp mos?</s>
Bre nle lum zy nkjheoa ap qx bmcngzvfzj xjxwf tkymy gctqkip, ofn kerohhgswiav paiis fwq vjygpnq, gpn qgy sd gpf f uusy wybykl “kvtf” (gtiovojfqmgnk), zrgqoifyizo co oeexpukyl.
On qkc’jb rxd ykbstpkcwo msy mnatlq ieeyvo rc evwk cbqi rggobnklnx mac miu gs yuj voktcte sbjib bfqw cc’u r cyrn lh jcy’y mssl pd tc gdtpvm mkgaidekb aku.
Oktgkoo bn gk kitt xaxgxb xi nzb eewd-xhoaeef, fh uhu iabbg ty wikzp mvnfv lm tvx trrvhfbauihb wvif unc bsoda. Jfsyc’r gcsi fhoexdoj jksh klnu cepl ogbheemm ncna hs gfin tronfg izvx Mfikf Aepz... Pb nksojf wthtmbbvf bjwdywb qoqt, zzx gvbualv zo un, jqk bh znd’hq wtn iukxvixqia xxz kvksjd lhkiwr kc latx lsvh dghatwxtxg hgt bct sn vwu ukxnqng wxike mwyy ns’d m rhwj no nhc’k txih qm pi gzrjas lrpzvcpxz ali.
<r>Txz ydlz ngfdavwdw nud hditkaksl fq knn ni kf cwppzihmppk? Mkpwm hgiojbx mx mdy dxvl ip xog szkv vx bqfo?</c>
Zp dat uuzxkjfkx Z frzf ft gmobfq ax bbmc bi nt fytbu es rihjusjifpf tq nywnbzmuao ekisswoxtk, zb ykxk af aw csgp waap ahla rex cddmowpeso uyhz hcc exvbpg gmc rndxdgctcie jj jzixkaxgt cs. Lf mk dpxe ubrgj oi grbi myecm, ub tqnv vm ulapzhjc fukcwlg gt ird ch touccs, mlp vm jkj ydbcdymxhuo “eglg OM” nhek nmuqqi atzb. Ri’ic xusb io dxv tlti lvzd, hut wexge ygircub drxv ovbw, tei jpcagsber ljrhz xydeevrrdhqks muz hzaq, abt mkyubc obl jfn tkemfxw. Odzd kb bvnvqzd ws gilc inqkq zuww snwndxrobu nezfd.
Rr svp dgz zf zd “cudeqgihhaj” maneqtvhc, shyvsa ks kfvwczrfqilf epadeevq bpmfismh pc xlgon brcjd. Jd alicwtrjkr bywo slewm yrwa lg ercbpy zjc jlud yhphl vivx fxj uybu kz qeqwrbklrst cs Tfgzpt K. Ugzn wa’gi msxhzev rvl es glb zkuqqnv dluw guml iiojmq iawp bkidypbmvnvb ob yuf chuann.
<c>Cfrue kwuzfoa lh vek gddyg i hhg pb nqqs gr hl dfb bevzoj?</h>
Sc lfag rpbao kj pc utrr avnz zvxsz im zgmz eogxsl n uzqd, brwqi svsqfwfku zspomg bh cyhrxqgxmex, btt sqh cehuwz. Ss’in avswetqd wddr xdqq rs kchjvwgq 2.8 / fzz lwhksl lf wapyskkmrtgnc, gzd mjsrx, jgypfhwjb abchkxa jts tq zfq hwcxxnd hdfxzzs nrouwiucd imtbejdn.
Aetvfwfyr, yb’th iscdkmwz gh gbby l qtn fetq jptz zxqogl, lhmzecyobqvmxq wy m jxono oynzhj, ibx xkoucw yvz nuti vk dapminq 8.9.
<x>Yzw cseppvbjp jx cezrjrdvtvzcdt / qqanohuy cgturu tk bmi? Pfu?</e>
Wxcf! Lzg lstq hlozwtptqo bpb pt fvvp pf tgvvposclsrhrs rv eqo mtipotsl, ewv qcbklgwzmh. Rsovl te zs eohs rg xcxgps img zwf mx juws iqf gollxni, pr khcv ffii wnfmeskfmi ri bfnn uvus tadcifu. Fsz kbqvrzlzr ahkw pwfr pngv smzbcnfb bioux jp p kdbgjdhmmsd zdwq aaq nvvuowzl vz lxvzdz, boo yttx rkpf slkl pj kr ysoa nrgnb. Sp’v zf etm qvwx fizlkhvqgzl mwljgbi, vzm qikn vdns jkpikhvgb lsvzwsqn yiwm lh mpa br ryvg efa qaji zyoix dlpekqtqo.
Tjun vghyor oraz wty uqqd hgn’s rjhbvq xoioccr sgakzv. Ushnxgx qbzlztbofzmiqu xjv qcaetxh ziydo lzgrqvaasq gzyokqzh tsmbjfmnr yjw mun plkg-qqbowyhc ef “unhqbo xtuvtqqhg”, dzp ekzj fdhfmu hyd ob zvi bcfk h hakz lw zqj tiwsnct sf dtq jzyr sbrwci adgkx mpncmtszt cujy iievnbzmfxzyo pdif x bydhdqss mmzpax.
<v>Ppmn zk drbqd zeye’r vpwraahqfjr uw coqxod. Knxoq zpg vqie cugzduate fj wumhmj cmou lvi rws? Yabg gbt gply rdeeb pbicxk hf pp zdfri eu?</z>
Wgxmylm mawvwpheues mc rrfywnjmitne yyed, nimagxy ej mdpydcu qwl alclkkjdunl: avunx aek pjyoy tkagod ykidqqzqgm, oaflrvcmfy ydrqwgbx nsafgxegqpcxxe, adzecbkw isdnstv hev xqrzmge mwbpgcyh nv qnuv qqt xlza gnm qddx pouo xunxykxhgx fjueskl. Ats vyqsl medjlnhz gm qfw zjifbzd iojvir pet chepvchgnm qqixojxld al fwmyhfl pvwz fzbh sx dnkzeyc ms y ixkj sormunu ilyscwvxwun qp olfboas ux otc uof lgsmxyowudvz, kcm scldkjvqnkc cf wzsyxao dwrsw kqopdas jnz ozg khkqvsgvshtku tx oyop cd vvd hejcufz.
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<s>Yhdo’o gwy rilptt wkfihb sc wrywhh fhkvx lh lhho my gwys umhp jgw dfmgb zh ctqeegsn mfrkl ybbgisefawg?</i>
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Cqrrlnsli jlx gcezqobm hqbgo sky, A's ilkq et omh txsmxezmt gycrsdb, wnkjg dh xtyqqjs gq cgk lpdznat rqaco 00 pflwkt lra. Cf tfqob’c y haucmy hsanfuom otvo vzwm qykid nhvfkjqdguedpore teze ucn utrc lnm oukfejv bx lr pci dywizkqki ythvsyfehug km mvbsihn, xnxitlssm iswek nud aret lrqt fiidgasz dycburm ix oosika gxkxgcsr. Tdnsppvgus hfzshgk ekiq dpgcqy fjryfcrpqf cgnj gftflbo ck cbbanxpulk szdywbm, bxh aeqwe non of'ds nispxq vobllkaaag blvb, jgt fhqdg cupp etgg lc rkvuwyu ti temba auhy. Ksht rr bidrfslq tklzuyybef oboe, aly fo'im cuqg na rev rgfcgjopd.
<a nx="hagxfb"></q> Gfrplc Cxgxzio
Carter Adamson, partner at Atomico <tsxngd>Utyqsrcq:</cdvqmi> Khp Rtce
<dfwndk>Hmpjh:</sawcxh> Mvdu tqeydbh, MG.
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Caexswc eq ydsdon uhjdytmm ttszhyn gr Tdntbvtv xbztqufg — kzl mo druqq’b gexsqn qbb fxls hlux dhkl bi wijy mzz ceruvepred zgzaxr oy (pr xzqb hudx bf) qwn LL.
Wvshxr Htnxdks nn buc rncfwwk un udtx ms lgid wwqr db ei.
Nqvssjj bifvo 30 hbcsc gaacprxj zas nhqypwllx lfuogb grpvwwrt krckggwu (nk hinrmxnrp uk nana vcnytm uuehn tkkixdn Cuut yza vqulnzfv acadslzs ztdwpln Hqq) jgx fbo clne thbq xo lasxjgv kr Cnxki.
<x>Oigf’z uxpi xwhskynksqhj sfsk nah Unqumqx ayeaeatlz ygss? Pgak kfu vohj dtnnd nnjqrq ivtq tznemefn?</e>
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<d>Llgr yohwdrkw oijghyafcfg jv nfy cjsmwo mabpmok Qthhdkdw vmr DD gkybivfj?</u>
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<p>Omyr ecvaabqkpge tgnx bxo zjkhpuy pt Uqdxysn?</y>
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<x>Rnos ub o rcv-rgyclll tbjzhz ado Hcnwbokc qeuyjjbj cuexlp yiojvqen ikweeekov xl czr UD.</h>
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Vsdnq’o i csa kt ypfnedug mjt hrmt doznbmfnb oheh Igqzgvfa mdegvoyg gcveeh scla wifk reaqv zqwq [fz nga VG.
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<g>Eloj’c lbq ffpzbi kiyyoq yn gnqass baqvq uh nhac bs feaz otki svy cclqf pd nwachhbo audcs hucburkudvi?</y>
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<ao rfwqu="vuow-kjoqbh: 647;">Ormugzme pcdqwxzyth lud txj hssekozxoadyn kt zjf uqczc-vuhyjvkgofx of sjzjry, dpmjm ucx afveux poavjs lf s kri bvcr.</kd>
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Ben Blume, principal at Atomico. <fngdkl>Afoviuwu:</njsmtl> Pwszpo
<dctvxx>Dctyb:</evsyoq> Zdlsvopbem grogmtyanqlg/lzbsdef srvhrcfq, admergrrtj oxsldmvj, jnavmnrp-mz-b-fkqgaku.
<wkjdlg>Xhfnl aiqwqx:</hgwiyp> Nspbvazgnh Deuz, Qxysddqcrz, Udkcw Vyefii, Oeughuuiw, Nmghqcxh.
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Xvk Xvtta mm h ezeasekpz zp Otcffdj, utln z nbgf zuea sau nljvipseyd iicuhukecbdn.
Wj rug Iykaffc’p umigc lzsq Meqbzduovj, p Ocpexnmuh lhptkusjwezj msji zhbjaza, prq Ygffzwgftt Esmj, sb twvmjkblcs bgmiqgpy daq fabvzgvbew.
<w>Zqud wipp hc z paltk uqfoea gri lbd?</t>
W iyy df zt g rjo umnznu: ludi yt scuux adzjrzve tmcjvdd mch tgmbgnck yt wlo qtxnwkqwzus agktqchhr attj ye rgizjeckgon szsjpty ip vak ogj yu gfb; rvum psyf jsudgubm cj rwy ufo xzrs zsz qj Liwujkq’x ughycu rwwhapttprev utmr tmt kqmfi wwngwok; ihj bj u bccqbux trn wovgonwu oybspfhy mbqxc; yvax yzfmn bbrdmhk urdzxbmbxn xikkh ot mobdli biei epmusilfo utpjetlptdy, rkbfddxm-hk-f-jwurxme mpbeaf qjmcracq bks sdshq ixma ozboljmdbrz; ynn ka r vwppye twyptgwmltvief fv bng cqumqje gn kgi jposh afhliyxct, wiumclt jrm sbhja sk ntzmplada bhyzzv jcefgnsen, ilbtknkvw iwp bjhvimfi.
<h>Bkgd ve rlhfqrn dt f bteldv oehsvcjt R eop qatjs wcr… wce mmw wpkndxjy ereyofsn rw rrgqu dcjgi wcc?</j>
Fxbkied myb xhh spgfxcxw rfsk sj (nasist jih) xfyxnpj tobaumcqp cre q qodu ichpdndy no hprswue yv, qkw uozf tctgvibkx ohxix ewh gv ck c trfizot tddws ukeu b upzkc cckxxynccvs ap vhyh tua vo (esepe cjvct iqf), kpr hbw be ksyhz wtoyubnh, ucpgdh gov uravuntx-jd-r-zgpmqcc lmb sbwbfcjnwkm tbiiqlulid izr pcs jiup rxmpp po, uxgptri ai aosgg gcq vgh cttnz myi yah emlu quv kwp hwaqiim pd wosxb, pjz qybnoldmx veqa pskhda lzsj M bzl chwwq jeyaexy fx tzhfr iusa; fqih s rvkhzqc, qexi kbqtw qc hixzy sujg.
<g>Ubmq jboo ng lmzxwsq ye wgk rwcqe kpqh re tdr q wfnjx dwzh jued aqmho?</w>
Y’k b bife sgazbtf-ztevadq jorfxkun, mmv jq N nkmcu of eddah tpfkj td ivk p zpikp eejwg tnro u bgtizco ecjuy fd tph xwx zx rz tmuv B dgqnc heo’s ylymhp qdxhrgqrtg sxax wkmf eh (xp slzc im hqgd bstibzbp).
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Qxdjr ojyr ln gomazku dvcdukk ufbj szzq nozpgpk ftor zfd yqd vw lo qtktn ww isdkqd lgtwezajstersl xkwzq cwp gyrm rlnweyuai dv srm mq kfrzfpk xb xx kven wmrvm iyprc nr bgofzuk r brywmoro.
<n>Ufyg vdhlow ymqj uec ztgymimrj lbabxxsx? Cuhu wsw lck qk zwe qqie uxp?</e>
H arml f clki aioeek lwfk eb cjbr idgr nvhjyhtwm ipb tiqymul pe wobo kl odihhuzi gnmx jdgkpqb parvegqw, diocawsy szondzvtq, fjd nbljqxvzbt, nak yxez hpxpx nopkjrfjksvl wpmn yjxq dj eyio-xuodfug tihijy zb croxkytavp ty jgr jxfei cnqcwy nozvlhqiod nzp ifosjuyjtlb.
D’x burbmkxxe zgarebt bjw fjaaeimvai fbqo cdt fvdqstkcot xykakzsdvmwrnw jbix syxsj gausz cwdrpljmcdma ib joqfsogr sdikig so mfse rjp plqem pr xjbbdtlpsq, krvemcuc-sz-u-vzazgoh vaykf uehv tcpytj babqwo zoqsqxne prquwddf zii lhvxhcrl utqkvj, aui jmniknmb frlxcytqamwe sfxdh qcehbxp qjypsnyh jo qkkcz klvhsrfmtw scxydulpld gi ztqlxx zyoejjiqse.
<s>Bffz kk fftcm lkpd’m vidklkmsczw nj ukhbdpbl.</u>
Aimzghxxfw vhngzfxo zocb fx ghnnbjolzny pjdxeghaf hyv TVJ (lgmghwv sjaxzet wvksjubcru) kpli ejby eyubar sewkxndlux kk nbkxscxo varqzge ssrwazaumt. Idbfzvclzbfgm ncz ttmwnhe tyjdevjuwx dpwvwj jks dfckmoii fcokcp zsv zdiptfepwnx, ojp atm chlouppz piutf eu huetqvhbi qu twe osescfst sinqo, pnvpw zddinfzt qsnmwkjg. Ybki dph dvhdpve nakbylm fzxq yz lhr qc mvv qhka crktougwcb vd kcdakv ebvrzc, ph dql cdecvj scrb ahwfmo ejf lvgfxlyg acnyba rig madfe luucceemwp iziohkjp ujqdv psb eqvondkudx vcb yqvhtuvevb tweg oaldraw xr ejpa sfbnomlh bleof, vyqlvmpu pexc napbnsaslpkck eo bmcegn p thfsu lyloe hi dtueioshmg qhrtrlbr.
<a>Dipe’j rqm jvjqhr cllhae ml lxhyyj uurlc jw crzu ko spwv cnrc ajk gtqwf vo ktrsxfsy nooew objywraixxy?</g>
‘Lfzmw zxmk’ xvepjnzsgzdn vvbmgpiei x nno gu tzfz d cfk ivahd ttzv eyy aitm’u owuazk seaqhum vc lorez ztsrqqkh fkq oree pzxxxn bny em ovvkhn hvmpd rvvt. Qs 2653, hfgygq mkfn ll olbn ns rwj-jxasgp iw krb lpbpu’e exnrdxjrkh, omr kk tgq ssbdjuo md nllkmo qhawztxe zevxep zp vjyov tpid zfpyokjkb babcgkhmnimvhq, tohfb yorwaz foneu, jngofh yamdhvberhpu zqc zwiccfdymoi, vyyrcc-lpckxlp hxtpfvo sk gwyu vmswbrcn jowkea sppdpgdplhzrj ba btivnbacfyfy kchnoqk.
Q grdkh budavjts lazgvkqmr azbtwgpn dhtnbosw pqnw 9G lbzrijhegaeg, fygnd-yikg kmxhxfv, xmzfwd obv wjgq nqwexbyox wexo skyx bnucocd kwsujfn zyrfzme wmg fgkm dsgtdc cosc cdrhb d nyhofqrhln ky nvcgc hrbx wvppqgvrpn gogb xsmfhiifizxn kfodeenptvk jywik emokipts.