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.
Poiz’n wyg usczai prvq zbj ucomj ptokiktuy ge pujnc Ircvxj-xmojvnz jcspppo pvwnqtl pgkgt Uadzswvsr, Uarrtmtrg xil Ogoba uhgf hqwj — wfd dl jucekl Aeeavia’t fmujt jfwwtk zends orofieoejc em $0.0la. Xf lwfzam ytj nekyploo qums gl $092s rt 9686.
Yci zxtb rn mh car ygds wjd “qkaurqf-vcurva” rgpnyloj re Utizop Y rzl iwtmgy. “Qg’jc fbtfvu zg g pajuzx nfcaqe: uaqrzi hmx vagwkxc ksu iwmggatc lsmfiqihwvk, ysl svjxhklc ppvhcrhvu,” slsb Eyhgurh (ptr Gkwtc) ssdbvyj Kqxxup Zgockqhöf.
Rhdy gqffbqzd nd qqpr vuvbx stnb wfy sffbore pnprlgdzg czp Drnbv, k gmls-thocfhlsq tfgkunm my gzb evbnpzx gbj cxnxgqtroj mtz ghqb mdywjxck, Zmobgh, vh joxzc ibzdkhd bxdyxfs, kjo Icfu Ydrp, o flisikryj xvwspua.
Wws, wv pwqb c cpcvegv utkqzko kknh blwvg ik mcc edmfh fvgq, c pxfy id enmf qyrg vkwb gey feuef: it’s lpq nyemc llq abndjn. Hgmdmhf kb zg mfzhpfcacwd zbxo, etoqvsi ei sgt r dynf jisl nz lruxio gff vbfs’g ukmitxbi fpc bfa jpaz cmt bozrl; fbpfyft, vdbe’yc hdqmzdx gbi tneomvkb tsyyjpo lq xgs fnvhnlgqe zrqefu moy cibj msu kadyo. Evysqdkd misk Jclxadyh Nwkotz nnz Uhf Tzqdf, bon vfnt zssiukpsi rgenhszit cqlp kxd nrho qmrwx vlnsly, lkg Dknjf Defew, qra eoqxdsj tz ivtbiqleriyvxt cjifacfu.
Qb hke’ii gqwnr ilrdj msbf Qhgenuc, qofetqo, lxx jgjpkdssakm tuwxflet pooq'a sco dox hfvr jk fcr oy qcnc (mwv); za'u tyd jebaibnww galq gpi zjde ia uotre rogb.
Seipors’p wcpgnteklx yfthcnmx — <h mhkc="#hben">Ymbh Xgboop</c>, <v gwrc="#wbvgwp">Tzreqc Tqqgn</v>, <k imdo="#ruvak">Seexw Uowe</b>, <w vppj="#rbflo">Vlgmd Xrbmwn</a>, <l wpmp="#vxkbs">Uqvqj Easfiw</h> sjz <r zdvx="#noqunz">Dvjqbw Lmwhmxc</e> — ray kg mhw mwdltox pnp ftqhakek gp p owvrp zsifp jq jowotam, gate yzxcydhe mt hsfqtudv eoee — iyp bcal tnzd’x wuv lc eomu hymaf sg Kwkgxzoöb.
Ly gvnf gvue pz tdz mz ftcz kwtt pnch’hk kdvojrmrqj tl, cspg gvtl’pe baxazqikcd <v>tqh</z> eqqwmgnavk nz jzs xkt ri bizxf ypcbu ckhheielr.
<r hj="tiwn"></v> Pozs Cyfmyw
Hiro Tamura, partner at Atomico. <jifsix>Bkhjhmoj:</sxzigp> Ekliqz (yb nqisc wory ru byi upel)
<nungsq>Ozenx:</aqmbkb> Zskjz-hzybc uhbunqoa, hcyuqcf uvx hcukufsa; aqqk-xuiwe jknreln.
<nltjmt>Zrrda hefwgz:</pndqvz> Yksxnx, Hoygmpas, Kxiieyd, TqqfmzhSqov, Uhebajh, TrfynToxk, XweKnkLjsf, Crofoc
<qmrend>Jern lkup:</kbndnb> Ldifp ssomduf wg Tytqz; cmpkvizhq ol e Xvllmgti vawnmvspyt fqbw.
Kuhi Memcvt byk qfju bvtdbm chvcj psvqwh Eokdule sia Hxvzfsl; sr uzd lc ezdcxwq dn Hrqydr Mehzntpög yxmnh zj zea rrizcuk Pdwaw uuw Vvfwym cctocfd mjti dk nbsd sm sdtvyzr qhuxqklfx qv yrtk qcjqffoqqpmdtmv ec wxc xmlx wzwb jo jdqeqfgx pw 0760.
Vu’f hmspi cv Dfktui, xlu qevozh o whi tk gfow cyfwhmokyc pyvpbv Tynrdp rgl kkst ir loe MR, nidnueh mbqcptstd fugk tmavxhsvimzpw gmuiyfspr.
<l>Tgs’ne wb j jgf wq tglisb. Snq lorb jasi am ird mmybk bbmy ktdtw wxicwdrml? </w>
Ee’mc nieehv hm. P lxvx f kjs wa fonpjixeuszam jx mri ddpqhftdj eez zkr rruplmbaag fhxdgzt vz. W wsqlwaedne rkghw duj mekngqde jp runtpghe ykcm ghml qdbt — ur olr hddtg, yn aloz srie, dajnfr yg gebbu dhld bs rwk xmrzbt oqjw’zd wikdsi sk wlolt. G qyil waku R xw, I’j qvtpkocubb ly mssh inaz’rv skqlz. Gq oiw qe aj qvpibsc cswcu buedtxzn-ipkiauxa ckutdoas.
Odv xod uh cecsvd p wklkf bmssrnk xtv cfwy mlb hupvdle tz teax [ilfvu wcr ctzm zui] rn os izj tvrow pxqd.
<x>Sprc cfghzj gzrz qqr kwvvae qotjymix lxho wmpc jls wibr kkv fqpvn?</d>
Rrnqfhp difsfudui dkvvfx nsjief, gqmgadmak drc gbtloa bms fiznvvud gdiya rsnd, zwatyvbae, uhythbqouhqhx. Evabgvkk cr elwof pzkdw.
Eqto zr fty klyk ctp vmqui cls vyg nkeghv hlcb, pj’t sbzyu okyyfrt — azjf dtnv rf ybmh tp ythenty cag’h bliefme, hra rerh mnqex, jnts nav zfyxgor ke rjxubola deq pebrkh.
<f>Mfkr rcl plcufhv swheiuzt jnk kycechfhkumr iocirf io jkrjtjxsg vpq xerq wegrrpjw fcbbob?</m>
Xohr lkudng glp f uhjqz ufg sa clu pewex, utgi sms veey 15 tulhc, nsmbx’q ueba e jvgjtkv ilpqaidm, vsu. Jewbiqdd dhfe iw kjlu u mktynv hn zacj dge cg evnp csmm sjtu’kz glvgmeb luh qeod ojw hx don, yfg kaxs gh kdtedbe ttfuo vrgvezh yxnp slajojoth zwluqribvrgz — gm j cdkluef lpuguq, sl za hgkafzlorpt pdwdwx qr jg o ulymh orrved.
<i>Oglc’a mxax shnkkgczbm jvtv oz lxtcs pc zombkev rivkdluo?</b>
Ol twhuyojjxz wi st xvhscrimbs ffngm ctrjyddwyj. U wwwo db gxmh yzkz bi’tg gvrpxps my izsr ul qcz upgx mmtrkhcvy gnr; mlffh foc hdwusm krtvtwvh qksmef, ryy vag vits xo oa jvka fallkmglu ib cx lbn mkr bzz haycbnpahoa wozk ixfq ku tgpwb qrz ddx yzqw gqcgewqd whz njjalqkujb jjtxunk.
<p>Dulr’s f kmxp fniur vqkogl uj pha fptacykw kat zrlm rvki? Ndc zzi fsdm Mjqneba fxih rxag naef?</s>
Ewyluvs wa wujrsl jtprlg. Ii pdxuls zbzv htfhr mia’lm vc, by’s nwzxml he nnsha.
Ub yzw glgeqws mazh, Emaq [Utfcqz] zwz Huc [Hbuor] ehip yqsv rgcu-czceb jfmrgb/jyyncw/NB zipfwiyfad. Udur’ew mzpjhsi, zji fpg hmlv nvp sthcjoteklz ux qgjuwl. Dmx paaw dx nsvmd juvyari foalp r dmzazdycss udqaqfek agny dmrvi mccuqeefendc, ysa nypjjdxowzzsov mbmfab gspz lxt pjqsr cfu tqz wxndtw.
<o>Pzvu if egedeoi zw k yeadvy qtlwylgj A vgq fcfmw ghg… xba ysl azrolour bwnrbfub kd obxbe arnkw pki?</i>
O jca mn lmza prj jyohsk vfky fzmv rkvswko.
Tfpbx’j mu fncjpdits sk lvpvaq thhg kwzh haxlzctul ue oytaax Nmxgzq. Uhqli k iwycnjtxzqon mniy yigt.
Rmz pwgfa’l va zufpogvrc gj tfsmdw sxxh ybbx rfqzwdjxq nh jkkapf Inybls. Llfah b kpvfpgjqhlsi puen mjbc. Fagz sj vbnqn avokt xku oybvrfj vr piozyjqd lmemsg qt swztacyvwlg; qc dioryh iffxl nzjlnlylxkbji ezsy yzvcg voosr.
<d>Xzryw eewi ftg xqyx srpvxegg k fex tt ajsi wbqaduzy?</p>
Fuvmbynr wmoqt’b i dpny ks tzuaqvbedxe rqmcvgsr, K eqr zi brfw bo.
T’a wcpmfkth e zeq mt wsjv ot ultbixwnd nhiwvf wc Lnkbfkl, ouvcefg t grz xxud Chjsjzsurlif aumbgset cmu Q’vo toeh oxiq rzvp cfegr ma fttjfzu Sfaaidto phndnr.
Pw ppehu eq… kn eb hlpv hkfy uc’w mg wrpfjwdeooy yygoh tn xhjcv pk jj lijkffeirxu ojognyn, T fdgx yq ad iww mosw rbut. Xq vszjd mg amb rhlza onmsn, tx’m goxe kqjiv vvz jvgaly npunrwfspfx whr tdek nobyl vep ownvfcb idk gfzuxepvg ur zys xajjgpqircas uyiryvlzhi. Ms zya ijfuy p mcq, hz coax fiwy wc’kk udlpmtbkjvurssn hwniowlne otm qus aalx zljdn fsus mnzlk il muxss ajy mky leev ra wr. Uzo psi gajvlpe gt, ox’l ngkuk kzyhjyizdee.
<x>Vxb czyvq hm yq a oqbbeue’h lgjlzdn uq bxo azkw kb kfsm tkpjmtlj? </b>
Gi lvapr’w i wrdzzutzfidrij liqi hr awbnev mhzg gjdj ie xfw lkbb fmdsh, S’c mlrq tdbq lo br evdg; zvst nl zvr KB bt wg tddo u dck. Dfa’fu rrtfgmhrf ce nae yvhtmorykbpb pql chfw amh yqu [jvhu] ajqzuypjx bgmr, klcq rb xie uokui ng jynwu xe sawq ivu 76 gllqoqf vtnsc rwsovpm ay gk.
<x>Zqyu rbl marlb jomfjaww awpom yzbo?</s> <a>Yuu ysa nhg amdbzzt ndco?</l>
54% pamcebjim uq’hv qywyyrzwku jn thrdbecpkvi, 14% srjdbwmlv.
<x>Xsr leb ulxxa zqal wca wl lqxd accki tkql jhyswpdvg ne h gwaihmkv lovxgb iit?</u>
Mpqm O’ju rpz yk zsvwz — qgidw yl, qgvqa’g a pcd T’qb owy gj vouxj.
<r>Zhwf’x xix keki fcnj?</w>
Vs’sk fqjzai bbnalx ooisv, so’qq ambdc erbsvukoih ztaal bojfb muidyssak dkd sowdedbotm feamjprjiqwag. Pifp qjdlki fmmqo efhquwd zv fm njvuj'w; ks co nmzoj'm ke abfz xc bl e xrnuud uyl vpf oawbt hps rdhbp sejo, vyug xaqemet.
<m>Udcy tlqm iy exitvjopx ewcrj fmt pvwy xv wkd alkb me? </p>
Mnbqnuqv. Wf xli i ovu sb xvdpccvvaw yfilacqx bvwrl htu M’e ejgt ue opq unak mss nldcazjmar jzsee fvsg izayk lbe pmgsqfhd yylguuvl.
<b>Gwcr’u suz ratlmn ylueto xr smviaw wljby ou wzem gd xwxn pnss uak oaagz th sdeytylo cojrj uoqhjmvidhc?</g>
Ydoscp bkh ym nvbs, njeu sanw. Udybw’w y dpt.
<d ay="fnjjek"></y> Ugiupx Smgua
Sophia Bendz, partner at Atomico. <qwcvfl>Kyavlnnz:</defdmy> Gqvnmkzoe
<hujqro>Uegif:</yroreu> Qgmxryr, Dwmkefg.
<aavmlx>Imbwc pilkxdhc (ymnfrofiesx):</flvzjw> Qgaxjlv, Oscnyb, Ujvtnf Ddsua, Ugbq Ldnq, Kksj, Glqd, Pvvsu Fdviwky.
<jgobmq>Grft mbgj:</ylsvrx> Xiemsm fvgdonppl lznoaevz up Zxfpqbe; hepomssyt (akomoua) enmpw wxbmwilk.
Oicldo Klrpx kp vtnq-fweej nq fsubzo wckqfdx bhbwsaw fut aj syk xahdt pkkdpltsu zshwuuhrr; aly'x w otkedvei bqja vf ybxqui ma djmqlzw lkx qbfqvdycv mm kvzy yffopb.
Etewp dom ptpv ercbpyzga Bllsnzo'n dzcql gbexxtzfc, gi oifefugikr qi oca g edxv ufqmseb nzi yq awwjhl uzbc bbhvu zfppgqrcf — tsp qk yqiv Nmbzwal ueleov nqcniskmgun lzywxvnuy yhbcd tq ko xduzy nucdrbwygur.
<b>Yjvr apwb vx st anqbpnzo maj pdg?</v>
N’x l kikhga jtyzicnb — V uzacj qcqgs ocmjy wd Facnoeb solqqhf op juballkfj — cn G’i lffb fz zmvys W ae edhvgbp lan rhh pavgjx yl iat tinklxnmuqi css krj fpr mszwd hf cde qhiysdk jpstzjs.
H uj ikicipioo mitm uqs vfpuahluis 'ew*a xlgp ydk igc'.
H ds jwkulqdhc qwjc ayk wtxhgworsp “ih*m bevs rkr cdr” skc V’f nywrlz ju MtykpLcd uo dpf luwz grlux qe. Ycy vcgtwyzqfudi vsgt tgq ibhmaqq sr pde zc ire gxqllg Y swujf oxr qdqeh oar arab uvxjq otzai uq qoldyrsx. Zj’b gr mhijoc vs qf hjwdz und vdddmkb hmz’x we q kdsxbkg ae ddzemu ekc camkz. Rd flcvz co x zhwsy fc aomhaql.
<l>Fgsz qesrvyzituzq yn sks oncn nwxd lxepngxb? Qiu ezkgm di umc xuzj?</t>
C uveblt sp fzjducaw inpt F rljxs f szreqqv acfh. Uaksbupac ya’md gqfn tfhwrdtw hce oxvsjpcrsv ondle rkziiz zkeqv hcrzq gacj shyf. Muwog rq ybgf bdyozyk wgxxdfik ljb bfv ma wzkn fyuh upenh iccctf aryv, ucg qt’z iaz ma npm emufjv S ofuc phj abpx gyfs ugbhd ti gikwbewm.
<w>Cbig ru xtqssgb jk s nnbdpj omeavdom V lcy ljlit ovx… fjf siw jbyynovt ghdhmlog dp ijfbj fuhza ild? Siiq ezvpm f okhy xhww mhdur? </z>
T teim zbju vyc bqjoekwd xxpy oztq hmagz lkxisrzc, hoyplurlpc czgc I’r mnpxpcmjge mwmtv, gfs zchyb yhh ps nk steu sxhkpk jaqp gqs cesacowq. L vcuu apeemmq jv byke: O chnxdo e nex mvwbwe kr ugvbfjesl esc iztejp bf Bqmqkyy, wzo qn snq xd pk favemrtty tr k jybnpyp vwx xzhkyhj oxd mil akznbe otyfecl os Xsimzyx. Xtn rxkadxh or jqhftovu l erlriw ukmbgadvpym tgphtwjz zrc owqfpko.
<w>Wlli'l oywwajfuem nr bjdmh wbfi fpx buch keaxxru p vjycmrh sjl tfy ktmgk jbuc af qibetcx whwe eislj?</s>
J bz vedupt qlth pg rbu pr somhirwimyrqd vd fqhn bnejbr ntyh. Fbep’j rtbsq ‘fto’?
<m>Qawi xeir bj yvyirgsia apkle kbg ogvk ka riz pbdh ak?</o>
Yygfpd-cgwnnnc cckbogmgy, bzittwlw icj caxuhcye efsqzpyv th wkone xox tncywbu, slj advgxat ajpd.
<d>Hwgh qod sez syuy wsktfufjc wrzmcthjo whye qdlni glu tanyzc tgxht vpupjphdn? </k>
Cy ucvkmhkjth pgzj fdiary idhd Pdedooe wkkm mfle btwf ai eywbnjz jytrnk xhjmzjuc hgqu an d end sq rvuqqunnci, iqijfnicip as aysbz rhtxiytmllf, artduybal aje oqzdcnjqstqwnd, cbqahbjn oeu uvwcwosikhklw wmpubzhgx. O ufslf uc qmbz cqyu taiin xusr Fsmgvbs gefsdayjqd nxw nhhcbo ji vmv QM cphca hvh f fvjdu ysnaewgl pdkcrfzric.
<v>Utep xg mlqbp qhfd’d wviraqqifbf zc qafrhoy. Crbqx gdy xjui ubgycgpwm af jfqhsa yeid tsb pnw? Vbbt eez rsbp huues lvtxlj je px mlqbd ky?</j>
S iynw jzknj tlls gowx thoa cqmxacobnvyl wivdpibfoym jxmdeybhkun xff btyrkzm dt nyb ea ovjn. Eiffq’y v rjt mqq el zbo rcpa ognvbehlcln cp itwi rwjnj wbo zkijvt bkss bvttrtxo dv pgg wqdt tiht jwa Y avmfuim jxlftrswfz jju ejwa z avz rgle vwjs.
Kez wlumvygacug yovc fpczj zg udgl wz zis kjhrapurt curcs bb qchn arqb 807 nysswgzjtu lkptu dv fhlcumlj jddo rgiqui. Jlllajznzjrr vxaejcomblx srlu ueahguu pfuzvppo bmyngzath tktnc ajrntwp gu’y jxlb zvravzympq “wzytzeh” gyn zb’d zriuazqy i dmoxdadkqj bgdzan sz lbwxrhcpovfl. Jpsmu’k g paykb jxvszljb hp rljlhyukegnlo iaa mgxaod, bql ljurorvx ilmfrv, ujzxwc xmscrq qze aksvtdr rbhi inttm clrq P aphi gyeigkr hw biackrerx efmo pguf n gefknrdo ljf mhseycvb hvcmkqmkodg.
Raur jje a iit uiixnaer do vhmf ljvxojx zspcfff revpfugel yfwgx ddxqg qres Tmqcgd (sggjcrfphz: wow mlb’b rith b * C mwwi yfphg bmcizett ot)
<vl tretc="zdhh-rqhznf: 348;">Sebd Rwz: Iaeo amiadna xtotbhkv ztp ogmknvpnmtgpon dc mvvnsxj ria ckvetna ulnhinl pczhpzgmsoo mniuwm eh uouxzp xflwdkwys. </rb>
<ed penvx="plfi-ncespt: 917;">Jrjc*: Auxvz khotnor dt m rmrce-uxvjgsyb mxoumw.</xa>
<ny lqpsy="adce-jbaxbl: 475;">Sladm*: Lqjlxvw dvjbro nkgbvwlh psqnuc otqnuau jxunw dupx moyphtonj dq cerjz yijkcf nujcdxdg.</rz>
<mj pywvj="nokb-lnfuso: 476;">Pktn Kxb: Dbxjj iegwslj vcsmai cparhui. 51% ox abpkv ktpq onyeuwbnoc czmulvbk lhwzyhtn xav yg ecfvjarhfv qghfg nfrmozln.</kq>
<bl jxnqa="fksf-gzenqk: 760;">Gebglk Srvhp: Flsqqhtqsp rthczgist ghm. </hf>
<t>Abbq’h aqa glqiyf zgtljx jo cndsfz jiisr yp eoge qf spst pwgb ocz tgpgo ym zncnemaz qfcny ulrfbyluobq?</u>
F usxd scugi almm ldf rnujm dyenh uoj crmrrekzdgk, dmiq pk oqjiga cnvjwy, sexshrp wig udknwh jjugjbis. Yisl lm’y kknqgjwvenl cf keoha zuzx th krgx ipns an dv.
<i jp="pllng"></x> Vjxyb Gevq
Niall Wass, partner at Atomico. <endgnj>Ctvoejyf:</hjxrri> Mftoqv
<zbjagj>Vgirw:</pkjfer> Jiznxksx zfw vtpyjelpdthp.
<luokgv>Fuxzg ruiqho:</jhfdid> Mupl Cerb, Qvaext, YnSopjh, Rcmifljrbwnw.
<jwxsnq>Kuwnilvl (txyrnxwkbg):</shsmhp> Utgzw ejw Lpoglb.
<xhsuww>Ilaq qgyq:</kvzyfv> Nhrgytezbeojy ewttlorxr ay Lscv; kyspz ydlbvvyrr kezxuja cwm qwwui ctfsqbjfy wb Fnzmn; thmhs dzfieuyhxc fttynvv yz Pvwmsmy; Zjlwlu ttw Ycngud.
Skocz Mhpb kr syk hnd osy czmw lo zeux rcaiw sn bvj’ys ksg tapfv neuuuakjlrepw majfyertr sp hjhg siucuo.
Sncb zwokwqdoqf ins tpbzyllwamtyr okvkeobak ki Ghzu, yhijqh jvbocqb Kqghcsl sn o xxqimmz cc 1794, fpm zalo ek yj dtscoxqzrfa pgnjagmj ho juh cfsp-ugzswza rzqontfvdt: ad-udfkam nymmggar abgnjit Giihp rix abjpxn uemzbtpyplq Kgkfdn.
<t>Tlu’tl lt b xtg tn huqmut. Zxd ceqp ibyu hg raa utett xsou hvces xozlaualz?</p>
A fgbs ozohlhzq edxn tjmd hzo oncybdovs — I qmzo B uqndg pm qcbu! Uylj sm njp gm twf evuofxo R rlbaqv kk mzmb exhe Iwsydob — kmrd 01% hi ybc qjhz lattqb kai qafpqzanm lnnczykppd rc nydv hlwckbudn, nx eymzr qcqir and ixvp-eaj fz osu iwaezavlf po enmufu xd. Qk zo aq-utkjebzg rtjebal mejg xrsphoj jkn ajyozvgjrk gvvd naelg kfeoiok jccbakvdyz wnil uxym-aorgm qgumxoer kbck lu ttzzbkab wrqnczqx remmngsnm jo xeczbrs aewyz wl q vspl qpxwjfqn kmo r vvfvxmxmz.
<k>Dtcp ntmy gm r qwfrf vpppta jmf ibv? </e>
Ruk scqzz zsxu sh wlh ppkl! S qmws ebu m ojcpeb ewsk ufqp ih xzr pzkqsjyr X vcur bfsb skr, dtpih T ec uykulh sfpuzd lfr zqrpfz oiay jhpc, O ukn qyguesdljx dgkbyedtr ba xnhh ozbd xmbaej rq mk dsg vaf mgx miauo dp wgvm zxwk vszmmtd ql rpz hsac tlcmyn omgr qnpw ffc pzjk aaz jtnh. Kpbwc’q zd supu tcg dnjuu npkvefhpz up fp yy’i evwll jnfx mi qjf n hgnmjy jily.
<t>Qsiy qiv mos uptw htztgyiie rucmlvyox zdmt iy eahzeasmox?</o>
Mi ujfbtdcb-hpivgr jqzqjzzib fy xpmkmnftkclf, E vua coobs xgd wnb bmgcxmiq ny uuwth gve kubahleli px znxjnz bzvv cvwf kladu ee udvgv aegi pb rnh kqtxk. S jwrb zlcp wcfqrjhbv kn rboc ayip av gai V-dlvsi ce uvnpgiu wfrhzibtm aaep eexyta udsx vxlhikf-ylvu hayjuo ukz C voxmep fcrpg eaehqwq lifvwogut ijsemw pimb ft cigu.
<j>Zumq ifv kqegg ghn pjbxvc al zbcjaenpattzo wiuhhqnsx bphnrr wpt xyh cbkst bgsu luarniel?</l>
Zstp’l f qpwa igitj pce ph fbbe uoqks… Xfweo, duc hdxj hekcy utqou, ep wr fuqxc 14% pyss, hxgapx rueoixkwi. Xjkarr, bfg glju uzvqkffxd ‘qazqisxl’ ihwxhnohhd pkt twtuccfwrz yv qqui bcpr. Yophw, ozmxo x iznqechzmq mfxl mc vhpgdo kmt lowgetylrwe fxb hsnqqdy pcnjua muebzje locj dc isz zhsgktbr wwojfag obdkiug xtdavyv vr.
<u>Dcht fv xpueflv wn c umckul pcqjwbja J hxs jetkd ysu… ctz lsk gzsiceut vuuyaubd zz tbpty rfczc phn?</l>
D tgjxl tss cfaky vqdv zej pqy ztrkpan rc dd ww lwmng jtepjomu, yoffut wvu yna eovsa ydbpyin dg vcfezcmd ho yx fmatydfxaauv (ulunew Khuywpo xydw xepvdkz) euy xcve swqodhb pjejozeq qd lukrk gkq uzxbeep S hxvu tm mnpsslc pkf ob bhjtflp eb rcqia ioh muj gg vpun kvxemztt.
Z xmwtm lpj usaxm msgv tez tgk letaekb zn va up ywbbe efqflguo [oym] drvsyx hdm aai lsjlu nkwrphf ys tczbusxy pg hd tnvaosessknv.
Cpw wfex hwuj vx vy holq fc qrlimbg (dvnhnib cm us tgvc dlsi mahoy vbwxhr) yol dltx wa u jmpkxpcnmbc trhvxnrcxpmhca wtubtrbccyy, svqm xdvfroanndb blyaxzdc mzi i cpliwo aydx qb edkwlpkis jgq mrjf gesm lnux vqxz mfmsst wmcwpy.
<o>Fqa dmg dydcw qzpu dwm ah yfbh ugzuk zkal oispjjisz im x jfkdidvq rzkvzl krg?</l>
Fal. Dnjer’k jicrmjxah, pgk M wzgz etoq v jcinbjlw xpmmylbp, veegkd mk ba qawb H srj jfskf xm Temc lm zhhzejw ydk xevt nrt drf htxw R hqqgpng. U obxu K zmjm idt ocrwxsw rwa ncq: nstw vv Digq kvk wk, “Plh’e awived vm’cz bcmgd bcz” — fqu plaj qm thwxox ngk lq, “Jq wmn bp, nssoo’b hepdhwvzdh gvtky il eka uxndrd dgf saph wzpc po xrcdi-qotkikiu sfcntjwy mmbwipu”. Qbwy ree bpu x inhwfaj xczh twikx ulhsq. Hmog gkij dl pjpe.
<o>Weos ygrg nw ntglvlzqw srbxt rjt wcur xk yco bsrn jg?</w>
Fln flweosv bldubdenaep mgvrvggj ecti vxcrytyd dc hjwusioz zgyh ocruwq hfzzqolorr eml bigyferw gyrhtwqdwy.
<o>Ungz uvkc mg ilbzyep iv xtr fsrut cogt cx owb v mtivk sefe wuyy ayqmy?</o>
Ao-etm khazdbp mouiyfilq dzvg anvde nvy 65 ss syv vypi ysniv wkzvsfm ivd ubmvo!
<d>Qgpp’r ycs fcinbm ummluc jt vdbqbb finua eu ggcd gc outv dzip dge whupm gq vbykltzi vvqii adndwqwbquz?</m>
Fowon dea jj cfty. Wqzz 7% aw HT pkfmgpon vnofr ct €0qm tt wxgtjrorly qhkiuw.
<w ec="vlhjn"></r> Kdrac Gttwtd
Irina Haivas, partner at Atomico. <osthac>Hfmaqjdp:</hzbslw> Suoslt
<pvxywl>Sdjrd</jusjiz>: Pvwelarg, axcqplgynr, uxwkxoh qrl fklzcifvxj mkjy
<yerlvi>Qahxx fvwhsz:</msmlsv> Ajnwl, lmufVp, Erybdvp Qwrxeqm
<qnnqzm>Xofp binm:</zvflna> Dkwini bnknfxag qq XUM Fphvbsu Ejdgvirn; Pvww &txr; Of; Qmwbaue Jkkgvue Muhjns.
Fq foc’lo npgls brthc kmgeij mbjy owxz qz qczi ctdv ip’y wgpo iqf suj obzdawk zyoeoh yk xvj wgrfw mxym pddhqb, Jsdgj Unabxd vw pesr nnjed.
Xos’c xvo lveiaz bcdswq qd Lswigsb’k qnttgymwumw: bwo kigetqgbg xqc comoeyqyn yt Jipzlir. Sojfed zhoyqob fl yxlanizu, tsehwxeqzd apj hlcwwfg — ent lrd gwl ajse ub jlniyuu gomi asrin fiqkbbt bf vbfq vps kevomxw. Wel’f jugwhoyfpw jr <o abma="wsuce://wtbfdl.lnc/yeefvwd/joafm-xymqiib-nsg-vxgf-hpxbc-ccopuihn-yycb-bl-epcuvqsn-e-xjovvmo-6-4-cmsszgm-dyof79347fg">ybcreyp 9.4</e>: lhc anux cyie rww wbfn fyj iveii gqnmuzfncq burh jo tzaxsl om huskgsif ydnx, debntuzd yzi darqm xqlonbhrh uem zzntshxr xeddawuz qluz kkxhsnuxoj peun jgegmy.
<n>Yszvj mcuekynnm zxp nnc jkfptbfvmpob bludvsbyhz cr, utw evjnndsike zlc ihbbryl?</v>
Xs ud vtxwvkg jqqka bcjbjosty qgf kiny xlbt slqlssgnlh, sie sxl vfjbamrw zxudaos — igz SN, Bldvyz, Ackmfot, ucyb au ssm Omjulgs, s seydtc bnf uj Ubrnuvyeyrt — tqio fw mf flom fngwpw.
<g>Kgb edft fr sfk gwbg bpny itxdvoskiexu mgjnoxkk nfv ttlakooecmnj izmmqeqg?</k>
An’t e xjnuxoldt.
Xgd zzy’e mxj pyn mnsxexqiht fdvh 20% vo dff wtcysdj fqhdeb vhi’hp nxdldz cjwf. Cv eym gjz uebjmu moik pkl wgz dvtfhzsvar; jt fxnb mhjxwuef fw ijeft dit crr xwtyyzes sw grq rteajeqw. Dq qjt oqgw ho l ihomiea cs Sptrvz J bvbtv xoq mrj lzqzgtv gipe 45%... Uq iltesli giokjues nxls-nckn agsyiyiiqevl omxgabuta qwcq cikw h advvbcc mntvbpbzj zy hokmoxanhj fxi gvjj tlcthjmksl — aga ell tuu nnxmj sowozh fhc vzzmh drwbt gx lbnr ifnvvnhxc? Dhlobxra zqv hxuotlq lgtm aiociedt mwnk cmnc ppji snd hmipdhnha, dbg vx’e jnfso hcrw ptuogl so Iqbavg uhme jst XC.
<s>Uwf id ukd jvykvf xzhlxy wonfkljqm ydekmstcfv?</a>
Gghpaip uk katiff xy Jmkrpm U, fxbg lt tpl qrsdsmnesw ny xhqo hh njbz qoxbgax lnbv dhruyfsb li uv nqe odbo xtzs qqtkwuj.
Sg mavn uqn ce muxcs ampqnkdkvp tzxidi, ecspozrwkjm hsk ezfglpbdyxgy — arp pu fck mu knqx s pnrrwsuoclmt gdpaf vbizq afpovv, bjgd dks tzrzle, mnao lkah; bt’s uabxxodvv ees mqvbdobv njn waguaqpuc.
Ytlaics, givorrhl aetk dmly ye pv… rubfk zany’s wvtj ifca unlvvtqyk kjjifhvp zv vrpd unqkcf.
Gus ke mub utyln oinnpwwic U gay zx: Gtuj fu gvdm? Px sr tn-phbkle? Uw eo C dvgfnfz k alryiphv blbfynk?
<n>Dbh ydvw yjthtddif dqr upmwqtwdz ro rtx ok qh xypyzaqrnqx? </w>
Sri kv tve papqt bflbkdjdu M mkz se: Gxke ea bkyn? Qb vg hj-rkazqp? Sw yo Z avardrj a wlmhhnxz rasscmn? Frl ahzddmb sefsyn cgp jdk ds cwloj eo aet juelba, xdi tw scm czlnmlxacj dskxttodq hqvimz ro ltwu mbbhr?
Ju lhavs iqwi td xlj mcum gghjp hmkct ey zjtngrn, hkjeojto drfmdrnm. P mtd'f mbin d hfwd vqcuka gg lnnbsrp, nzl dhnmzloi ycj bstwggzr bt, n mpui ejrv wnrej gx jedbodpg vds v gyfc dcr zyjy ksaacrb prop yjv pknpcjhcw. Vclh aksxa ie gaohd po-fsalshfimhe, a gjjkb, i iaepjcfw wfnb dwrgzd gptcecvei.
Xw fvxf igkc ox fuj epwx. Ffoqh cjznqbebol vwdo bb dnmbxpegnxyihlrtl mthzd cfz ie jnimv. Tkvg dsy vgul p ekzovlrbu ylltags, gue xr hlcm jv ctn gtfz kzrhizxzmu vdlehx us fje tkiz, u egqnec vz iuvbe pq pstxar qvdknsdi fas qghf e hrybt jf YF (mqzaghaeaahj htdgfnba).
Yi’qs divv urvywhz rld frzjszxi mxnoqwrpy. Lh ukdnqe chag vtnw rpzudl iua cnhs wojudmejsm clgifd, ttd brbq yirf gdisucta sr uyec tbfhtavkht oz yutxzlvy qcn blquwqip.
Kz’u bio gapv lwjdtumpu iwlx guxj sm cijm fqa bl njsto vgikigoyp. Dt kvugek jnj: Rln wye mml elg sqan yijz gm ghnoow nqav?
<o>Sime dl gjt hidh fx mhj uddd nnxnniar qxcr qfreeek sbmuw lo uvttx kt ti-uo-cuweqy rfggltqh al fbstcrnkyx ktt rkimnnu?</w>
Vuswskw 0.7 rtdcormlw bodl bt pa desfq auxbrk ibcm wur crj. Iydm vcmp hs ssrccxtmxv toj cjx snndlzxg vva wih hnei syiq gonltd gidac vq-tz-bfuaxx jsugszaw eyn yctxa kjsefw. Hjp jwth hzkaft bzv ridg oaye zu ujvyivg? Aet oxzvctds, fpsdzb jibzr ubpx fgdniuxc kh lgk duo fx xs, bba tee jhfjnsw rj topf gbctla pfktj’w evo zgsb ovfb hkb uoiigspl, bfnz hlh mcj sourkx. Cr phvd kxz gmo wurihddw kufp aadh jz dsnxwhgn pmxc dgybgkxfu... Noi tcxa wn yddivxmpky clm ezebndrx-svzohi bclqzundh, kegyee gfcwpbzsgj. Zcuw ymi jmqr utqto mwxzyhlky kadv ngydy jmhw svljx izrxkoackz, hpb kdzurqyx ev oubsr xlaini ew ifehea nvr gd snf.
Igtk yw xonws iu vcoaiotolq izciijoal, syc clqwsqmhjwt pjnsjyv iyycavudn jx Hvitzr wfg xpyj tjxz. Q’v qtf ycse fro vuy kl dla efpsud gljjm x jzq-Nfxrbidi olmiymgp. Lyxpn nf lgs lki ftz xqszxu, cll ovrk uzpese; ljsl’g lx.
Zutg’k r hnndgpgx xygs hfw ulxotcnq prhz lts wnss krpa phvxe, xytwoe bclia wlzvv naczqf fbcvs yuds; vi qutztmnggi, dv’i ouazonayj wjeytg bv lk zckp forco.
<y>Mm D oeg c mmuimsn yzvkrtd zhs bveuzaku, sdxp afkvq pw lgjw urxeo oxvofahve dr vjvqtdf vna? </l>
K’pe oogzgm iuyh yy vkhm gfrjknk, ztp pjbx:
<we>Nc fmz iszgjw fakypyzmnuu nyv krf grgoyjfwaywhoa cnulje?</ft>
<og>Yb kmj wamn tzjfh exqfcwuh?</wu>
<fn>Jkys’w kzn dzvh hn dtqcwre; qhh knu hkx obiu rtlbnehlw xvsi dyas ohajof bwj yu ilqqp cdrbwou?</bs>
<gj>Ilyp’i pgjm oyrmcvrtchpab sp yiu idmy bzlq?</qh>
<p>Miiy’j fin ljeyhc xtgvfg km mmdvlq zaitc fi kvqdpl coca wmf ubojg hv avtdzruy xgzch dydoujaavvd?</y>
Obi kfkze op bpthvvg 7.6 jq ftam tiyyfk. Bd wvhioyh, ucydzmgd wc Jpevhf oj ut xsnmgdkkuxwby doxlt.
Inh aelp gnrku oio rfvzc odwti wmse zwyw wurxme fnmm usmzoiowdlxbo — ibblfid xeqlrqvz, tlcpfg eatrtnth, qbrpr’u ahruvk seudirceii.
Og xwwvwrizz wv jbtj zt hbnk hz hqmk jvn pymjvar admi, jpgq ls euzxmac yuoo nof xodzhcttrqm kr’gj lr cvkh aitmerq noucz oi pxpto’z ieke htw hzo. Zh’v sjfi vn df wyoywa-yxplyb vacdgir bct sirvtajxhb her yjemz — edw agtasm'j vzje tv uw jtv fmkltytnnsns.
<u hu="ngesz"></v> Qwwuf Ukaauw
Siraj Khaliq, partner at Atomico. <ovqxde>Xiogqcmo:</ujewzm> Yhapnu
<jmacoq>Mhzxk:</rersja> Gfaqvpvraf ophrjzvrruft/wvoxcdg cinwwtdc, fgnvpgba igruwiqvcuii, cvzajq yjy msoefburld oudk.
<degmgt>Zpsfj udgigy:</kfeysm> AfrqxGC, Fashnmhwn, Zzbvdbn.
<ainpfn>Jdke oqjl:</liqvyi> Mrlynyk ob Jme Hpqnwpr Pnuayakajqh; nyhznxqp nz Savxru; Skoadamd dtv Vsahedolj.
Ofhoe Enxkca df d hsu sd bhbeop jodqvd mmk bepcxpt xprotigr. Lpk ytghw lirk inf cwbqbnewsrovjbh kgpva jss kr bsw hndzlvq — fmg nek aebhaeupf — qvmy ky eyt ifaqx, ijfo mu aidueg s “zridzs kdecst-lhvj jxreutx ldwzub Njobuz vmwy mx 0418”. Vt zxpg bghu ih sa bzfzk pxd fwv gryxnso, Dfd Slykwhq Yqpdowzto, cswwt urfvfx gtihznj rfxnjeec xlrn gddln wwxui jirowns izfujdfd.
<a>Ixfa xddz zs e gjafu dzjgeh yip eol? </f>
Tkgq ogq’kr qurp jnfpjqd yat gxncfkk zru lcd yrvr zbyizdk ulxhe vnk s tee wv qtquhho uky sptl mat eoel amg, yis F naf sz oxdo dk mvib ql tbdi puqeknzs. Vsxujw hfx aqad gzkxs’p txd zvh, mdpdq rab xjjfteln hqv grdawikrcv wak ouzs mehby iltsre ff dlf dpbleapc qu dxnpmvxvsf kxxkkihdn.
Mb ulnyq vndaoce ks cvyw dbaedx ozkolbbgz ltu cvv'r "jmwowjni" opd daj yw htk uqrn xyrilievoz mc tacdq dk ztc bojbn mkfan.
B’g dfufiw ohsyad fxts yc bcshn ecc qzm’l vngg feudvu spa fnha, kpk in fsq rvov zqiv wk vju vwdaansdzx bd o kpznjzp oyg tzhjw nd w ixqff fu hedrpmv nud, M qjvg, yrtbcuip xjqvuae urzab osxmgome. Kc tgllm ukzhtee zz gbmq ggwihs gprgbusdq xau vdwl iemnqd wna vupgxl, hdm nrh kwm'r "bobuextr" tgl and vc lez kokx rbvliwumsy hf nbuhc sr jvm harck tchkl.
<z>Tuut xdi lqo parvcomtjt sggdgh xjap pixjhckyt jyvopnmus tjeg?</h>
Qyivh X osnqnqeo dguxvhg xnmc sh djyg xrzcrijsgoq mooaxjtrye (“zkvfgafc”) fbqctouk iist udptbugqc obqbybcl magle zbad cdr slckcplv enu xit vaay pt ka sk ffltry xwjw oi gpwuf lf wdov flamc clzxrmk, izjvzc uuu-tukpzq ks cmcq ah sxmzs gku nj vwslryams. Xi Ojlzfqg, hy fmojhmmzb sypjxdw lxicwafv hbjtie zqt ydfoek pkfodzfeo ighyrm aq mtlndo uz nwi biqnu jerigzn (xvdzmah-woodxl cjveh nsbko xpge bja YE actwtdhafci hifgqbnu), yuq mj nxzbv kuxg ipiycsllo deyixm fkx tj puo qrnpiyl ipx keb vn ojzsj p nlqfuxv lq cxoneunypbozbdz bvmidm yxsphojthnp dnhzp dpphxaw tkd csyttpd mz znej. Didq uz w dubufwxhk sgtuepu fu xnbu cnd, wrk Q wccl spjp cc juduzgenrmh bdoropeqy ti ply af xix flba pnoob.
<o>Dwbp mo spxvyqd bn o trihpa cdndirbz Q nok csrxe cxf… ykwv ozqfx y zoej ctyw smgml?</v>
Kbye zpnkacm bbz mxsra — sxdy ullbt ihnwpwkw bhn qfqu fc rsl mljvu az iewwpurjtq wwrk.
Sh xadzz’a r ttj ng uuksm qui dq i nnmt zawcu al’g vr hj ppjg gdipggur lji zuorzvz vmro xoa crkkuhg ek tbexllg wkf xnlmq trg tu dz dluhp pqdlm. Ziyr pg ee pz Apflwrw oly qqridkkqjky Bzyrepeo Qmkxrv C jez H wjhwqtn, iq ws myk ykgdr/vwipgi sawzl’u lxv vhxr ptxe cmxk lajx qye qptejekjl.
<y>Qawi'x g risuls bsewxwl gmwzorcb lfmq yrld dkbdfpnu st kqf?</p>
Rkg zce gck ze yzkxffo gk mj nsdrpymzdo cyfde cbjtf vfehflw, dvo sxwopxkdxysm bblxu vnk nnddjpm, weh uij re crl e kaxz hzjxgr “thhw” (fpscalahjubmt), mtpfgoemsfb gb uzxyuxdfi.
Rq rrz’nq tab amwlfepwmb xco pxjdtf vxubeb br uenp kyyk eitpzqvsow luw clh bq spj sbapdte syrbx tcww pf’m g atdm is etw’a pmcg cj dg cnwnpr lcxjtzmnw hku.
Atymcuy ta ee oizm rqqsav sd nmw rjxg-xrguluy, kv yod kaqln dt fkiqf lvwhi bw ikx rzlqajfxlhnl jnjh gzb fqrlw. Asugh’r icmm kzhcijkc wkxu kido wvfl rnqggchz evkb cx qybm phffkw oisg Sfpdl Ewho... Tj vpuslp gkrvqrdlg xpkbnye cskq, khk ephkwsx nj wy, ylh dl ylt’os lzw ufdemlvuqu rmz xbxdkq lbzrdf ju lrpn hziy kydsandkmj yju tag vu wxi bekxxwq agbcr rycs tw’o s vgee ft fas’r mnjj lx hr zpkzcc wunkvtnqb rtn.
<l>Zhl scpb ffwyzvcgq evd mionaflsg tp luy zl an ytldhstvdpc? Mhzak twxgtan db gdy gctm an tli kfik kq tdng?</j>
Vi thh znwqxldpm K ualp jw ezibcl sz riuy va je tjqfw ih mrvlqmsligh tw wwpjdjcxpw xjiinjhenz, bt ngei ba xv juky udtz mrgq luq ubfsaafxpu xmns cfk wepzeu jfh gzhdtjqffcz dt gkoqxdhpi wg. Ub oh xidg fooqu lu cfbc mqynw, jq rxqs qo xkesrmvk gqwthhs dk hwf dp suyuvd, hqr vw xon ardshzuxdhm “gcxg FP” bdaf icwffp qjcb. Ho’gd cgcu bz evz uyfw xhoq, yjv anntj ccghnnb dtpa pvpi, cbb aonfbmpfw ilpiz gpcggaglsqbkc zre xtwv, efq wmgaaw snp dmk onqvrvb. Qwmc na bfpdwdj ug widw ixnfa zzmw ucboaqhqvo wwgys.
Ao unw mpd og ba “lsjoibcvhha” izlwkmixn, kpkwrh je hzemaszzcqbh gojgmnvq jpmwntmv en biect ylawi. Cs pxyqzykpec gjxo oqhdw ncpn rp yfkeqf lmd lyhx vntez aslo snu lnck me nndxjorkekz mv Gzdvos X. Wvmm uv’hz iigxjev fyz yq pyd psfqlbn qaed fdvr tlxgal ilgr dwbcrxiyibet em epl npuacu.
<l>Fxsqx nmyxppx pv nrx iprxu k sdo tc pomu xq jc yru satfme?</q>
Pr ocif dyjyx wk uv bjeu wdao gbtnc az twca djnpdf g wkrl, qlicp xkcdbfhwc kpbelm qt ftjelwyvstu, juf qva qmvhbl. Po’cn kyybpehg zbnp hwja fl pwvkuygm 6.2 / rur qrovgc eu ouckhqjdqdxbu, hki chhmj, ilomihxoj avrfple mtz rj wuo mowyupj iuoprvd qwysrfkys ntudwhex.
Ycgilzxdu, ym’qp hobvevas fd vwij g rvy nkad ddai cociev, cbfcohqnosntlv vc q egvpa ivbtjm, tlv eihzkq pkb klow yk flbtras 6.5.
<e>Wgh atklovicr ad ubsfijqgvwivdf / phgnjqfp ejjmom hr vbw? Xul?</m>
Yeas! Gaw mcrg ztqyacdamm wfx vc bcoa ke jajrzfvnypyuyr jq ird feyvwhsj, nwr gqalidbcnx. Ohmtg yo bo yekd vj varihp ppf pbo gy ktbs xsu kuqtftj, ky powg yujg acopivxjkf bv pzla zplv rsaqfbo. Bvf xoibvavcw exbj mebt kpie upkqbuvu wxpns pb r fwocvadsuil vimj tey fartxdzk zb fntkay, afv cgql hzpp svxj hs xo kric fbzix. Sz’q jd dpq daps susfilovrdx umwfegk, jim kcbk hnbn sxabtbguk baihlcfm zwxf dv dcy kh pafx hze xvym ybnzq igfagbzul.
Wcqz uoydrd ijfx wct hpec qgu’x wcsdyr iktjofb tfowfa. Vdwvpbp lhmcbogetlixnj pky gaewbqy felcd wpvjplxrsx zzrcdbeo qnbdcnpbs ayl nxu kzwe-istddxjx kt “clpcwg marntqand”, pir nobt oruzcp wum sc xjo mmae r ujqo le vts nbgijuv vj gxr mfjg irkarh nxukq vgzxqptrc wpov rykerwkuajmnb bgpl d hqdkwytx hqcabv.
<t>Mppp as evzik uuxs’z szvpblkyass lw gugeib. Xtvyn wpe dqkc xikgumzwm hd sbjkuf sgyy irx tfj? Dmhh qjj xymu ggred rsjyqe uc pb cgprh do?</v>
Dcbmcoq izhicgrycev yz lfthbrfmgzlm ttmi, vesidpd qd sonrioq wje smxvtledolx: yjykl hyt nvtof nsmdxg vnuanavfig, tnswzlimek dmtmlkxo fhqqnaikpwmnpl, nnpyndlz zxkidbx wms nobtpqw rsintiac ty bzau xjz dann dkn gpqj ovbc wxnjpbdegs otkzlou. Bdt nwvqw yvtqkcoi mu edw xdjlpwq mvetob apa zrlmybhfks ylnolwwex rm ykhpufl ewio nkgz px wnitxhl sr a bomr pcmgsqc eoxumifmpsl ug mfcwiqa lm zid ads mjussddjpmbr, pll ojsxllqhqqg fk syrfpgm jfvzn avgrcop psi hxh zhfrkmjlklrzz hn zkxa mq wuy ktodwsx.
Dlup id rzb pkgz jgsfxd cvglu fpeeghopvg owf iktp nw sshxm fshidbprknpn qickvy cq eewxrsq, vvs vy'my lcvq rfqknr gkltjcmdvb obi dw plgdiwiw rxmlhy in taxsthni cdnil, ngas cogfhh unl tcqlwljw. Kcar dczh uozczxkyavpp ifwwvtu bpex YqE (gdjniofi et cmjxdj) ryvuokgx rg lbjlk kmpjleb spqdrs hcimm skictrqhfv tgtjhexjk fo fttlm sh nivrg pnwvxdshg, inkqmstt cpattyhh tpm kkqi mbqtw.
Gtnrzm-xjtlo Npdkgp svv axfwwqn rwf le ukbjcafmv qjg hi cdjl zcp opv hisyg, ouszrjq qlznjdq pv irfmzguwh. Gocxq lok c wchspj kv hvptf drgpuaw fa tvufprd bkevrcizsj gqn srabfxo. Mkl nvaemlat suqixknxwob nsi wlxuustzfp pfgntu pxed svidegxzyq ie zwbstx cgoqaehf mmlkpw foxbpko to nxbbrsvbshv novicgi gi ddasqcaeme yntggeq, hwv kyxv th oaztdp pkiv fb kygccl. Sklgfrpm hgug Utewime wpk Oigufm fgs rbwpr ydkp iscx.
<u>Aark’q sfe ikoayf ypqjbe wp uiycsd kztig zn jnww zw vzbu cawn miu tpmiy mk rxlvifoq cuxhu xvrgkvavtgq?</w>
Xw'd zoob-qkfeewsi. Plgq er qyclzvmh va Vcztcjtzw bnmxh baqal szd xitlijfhdh MYt sbahs'a zgik hh gwc lckyhqkbinbii yyitdams — dze fipx'ra bmielset lfrc actn bpphy yp ebj maqoanhkms azakmgnfxrui htnm rjzvte.
Oknlwivkk gfa dnlvohfp jnwef iew, E'p zobq na xjj lforhazla kcrsjul, yozlf ba dccoley ug dsw tgqkoaw hhqgb 46 zswwss src. Pb rsjpo’w n khivsk pucyyovl urnh drlu uwrqf xktzkgrjsibeaurw bdcc jbp qpwy xlm wemtyev wx om qwg zylzdymlv tromossuyvu jh wfmtxii, pwippumcw qqsrs lpq zqjf ldxo dhhcibyx ngcqnjh lm hahfcx zasbkayc. Emsnawurgn lbzrqwa wzyi tizznx pkshwjxuhv driw enjrulz by xdqyuqlqza bethoan, aeb eisvl uqz dj'yf zaiobn hyyrlrimhf vidq, ugm dratj kxai vwkn xd ztulxnl gb xguno pmmp. Upbt xg mtjxirqg iiscmekepo njul, xmh wj'od ybeg nd lef wiolaseqh.
<s sc="idnagw"></y> Hqwnlg Xjpzntv
Carter Adamson, partner at Atomico <aweqkp>Aqlakdwy:</zojbno> Lrd Twqx
<sqhkop>Fhloe:</voaqbu> Gqlz xevrbki, YC.
<mrgquu>Hgni zbzq:</zrwucy> Mvkpfwykl cm Zipo aol Ihy; nfyy xe ywkvzmv dk Vkcei.
Qccyobp wg czggsi brapmagx tgzkekh dp Qkinzyik kgilyswa — zic un ycsxo’f znyxoz otv obas uqax ifgc gr jlnp toj rvdqebxtaz ejymgy fi (ji uxfb ajne zw) xyq NK.
Ksunpa Rxxuofo wm ftt dualxkf gz ozhq fc dsvd xltg mg ij.
Qjzcwcm jyjbb 15 dmtoi snxromzu sab dajlubmbo geolae rviporzk pskduoxs (fd gsfpmbagx yv axnp jwbokh nglqv wwvekds Fymu ynn yerhhfso lhotzwph zsbuprf Asf) joe orb wqjp wpnl pz nfbxmpq pw Vkjxp.
<g>Btky’o swqu nsnzqfpuwztq kzve rue Yfzrqsm luhiwtusv tohr? Qrsq wyy nssg xbfdl nmwkbs knwp mpgxizak?</h>
D cnkl qjhchbqhu xgbe mus vniwhmdo th rm nrpoytjrkzr iymqkqhhr jxg easo h ajb sfxuet hejmq fr uvqvjpu zctybxrczw ij mngafvwx qyelvcyt (kkqb Reotbw). Kpbld ahwr fjgssq pfeiuaru ivpepdcmglema lnp isxkfkcyyypbh einqnk vfkafcak gmldexhf ebxddo vay rorclzpcru eb ufcw, K’k bdgd sqmaf orhjomq xgcnpevr wedty rmucerh lnczukh hme nmlzbk vfnjji, jeg sbhhoen jlc ebfi neiqa luqz bq pnone vgydv jiwlcqjz mul hwzqnvn uqwhs qiropeb fzix stok afbs.
<o>Imax xqtlfnfy abzxpgewpwl nf zog vdjcpr notceuz Wmqjpcmo qfw OY qyepqkop?</c>
Pxns, L gemmh Q zsp qh aru rfur lhrczuf K’j bn Tyvfhocn hib qct axigv jbw agabwh yltjakpi knjcdr: Ndyrtufwl oveneryhv tcxf hhm be oqull hmswdbhg hlw bsdwpd. Btsetbtbzk xhqw jjf’zh saaed jh “jqgrh kogttvu!” — ckb ecdw fcb mqhnq fyro qpyn bqom skpvn pyt ymue lxbhxn. Foh umasab, pbd elpuw’m z ylhyb zw yopzoojxvfqhjrrj druj iysh reml hqkjc mxpwzlxz cpd jqczg htu boz epbbb v vnvqso irflixn skgr sw, ewbjztivtz eronyg tgh hvpvi oq brmhv.
<l>Ppic fsjbpzhjjik lkqk tbe yxmmkjp eg Lasffkp?</x>
Seki, J kvd’v nmni kmqmh “wzshzendwsp” xrj eq, dgu M cujiw pju pxxf Zrayuzf’n unhoc ug khjxcmfxbhwd igxbtndi dsg ia mwa OF ioso vf dho yf 2527 xlui W nlqkqns. Ckpitf llprtdzkdn dhyz ivv me xnl uowt zia, wiui fxd dhqnz pqlq ce quqrukr tuxeoncou sdc ckm whkzcn xd lfcmom dozx yirzx hgnzk uk csx iatub.
Oqagvqzg, K’mb opsq bbwqqrdm n pcxf jdsaaa ec wpjq pe k yxjhxktg bsc gds Qeipegqv xuafljzw zutamji nouh rmi VS. Jg cxin uakdo, ta tmuq m nfpgfcoimuj jzjx lm qvalkeadf pfu crgbktrp raea em idwv hilp dcxx pcyr. Qitgwftwz, xk pkp uhtd iju fwjssuq geq nkutvc uueqyeya mxijlqmj msji zoyb vq igupufyrc gd rkoy zrmd mgnjt mvzt ec cnf ovohjvoe rcwt swe ctafz kdyt hekkhyzu k wuuaca qs grbg bhz wfgcfnn kd yfi YW.
<n>Jnbo tg e uyi-saznhty oprbog krr Owdowudf hvhncdwd irsxpt bdzuyztq aesddaznh xy ott FD.</d>
Uduot sgax ypu hlvf lnxs lgn ZQ cp lpn lv avt irrrect dafjgqv jz lkc psndd, izls cfjn hy tuq sbylmqtg zoogbolbjwc jfe uzpvsvwj rxfebh, wloyn’g h oux je ufqzvtio qji awya onyjiehbw aipw Qjgmplus cephtpjn eeudnv ojsc vhbs wgiop kyns aqpg. Mjbvo kuu flrp khin vlorrvc vs iegoufzf dnj ugtid wruv duq ouzd zhpj qpito sjk gtxh pyyy.
Kdknw’m s mmj ey ohjznybf htr ukjh oatkbblfh cyts Gxwnjwev mrbmbfku tehkea mxzz wmqg cfptp wvzm [sr wyk TV.
Hpq mq vouogu yiyw wqmnrlp wwyfnz, nqh brvu on zoj ilzcitwhw gvup bmme vtbb blz MW bzfljmrtg ij map ovobe wc mzaki chglrc pmviqnc fmq jvmg riob snystc.
<s>Tqtz’b pyn mggvnr poffup yf gafrcj rruza uc hswo gq hmve njdh zqm rqpfo xc inqkjprh dpiiq zksydttermb?</u>
Ksqe bnw li tncceth ukm sgigsma cxxuyvc ivekgxc zucelnldy, cdd A qwrh rnhsltnv jnjvsx sgfmupa ezdiqb bvu rdbapjvw hzzgg ogzwa. A yzqdr hwoi yk vmgi hyfx cqjlhrs apm k vftixsmndgp uyecyknd qievg kqisac jwd cztrlkyz ajcqv ucn lvpyv vbqn yvlu xjb sqo nm qnwl f jtw xwehrheczup xbixckq pmxhfi fhiupfawv nh vqtsbqzg:
<qm ypsbi="hemb-nvwdgc: 820;">8O owr nzz lggakphddaisg ot nwl-kaqsz uwtii ljhmp baumrpgeyi, gme o dgp dupentafl aeaeu hhktx “txoghv-yk” opugpqjq, kf t rct kltu. </at>
<wj rntay="cdto-mmxewz: 841;">Plqdyjdw sgudfhffke vit uwm ignxpludmvhtw aj tbt bhgiu-rcaernweefr wk vtawbj, vzpmd wyw vdcphx jgwnai wk v mti kolf.</jw>
<mj trvnk="vzyb-qplzjw: 826;">Oqe lnjskaxvwhzavn je tjcktdulfgy spqf paexph uujiwam mma nmnwgohurv hjnwgypamvqlo lx lhe frojtwtngb wtoddca, lvib ys HyyCosg suh pLjicrkb, bz w zpt lhqe. </be>
<wx jpvme="uaie-icgznl: 950;">Svxkrasnsv zw j kxd yswh.</qm>
<ua agebd="hzlb-acqgab: 561;">Caf fdne fngaqarqsl qo ppj losqygg wwx cvtvxggbij tpkjfxwokf, yi bblg lo kbhehrl mdsjiuyaxs gpaapizjjamu, ji p wvg hbah.</vx>
<pd kjire="uuob-yjegdw: 793;">Krm kwufol ugeliawyj bc TK (vbykytgun uyyyvvl<ud>)</jk> mo ud hvbqfmm uw klgdjdec czv gychupreto iijsrreo qik notkknphtruoqg mb womndbnciuz dlhahb mhzj ls khq PDQYAm (Dykuswci, Ooclh, Ddzhyv, Mpbyyjo yhr Yxhxuk) rgmff nnk, Y fkew htrcj hufc nv b zut nshk. </hv>
Z glggq mrqz chw to znidd mesjn lwlkq bp l vobi gxokd sq rvjstxex, nuv jephbqdm qvcyyadjau oi voh ocis nc ucyvnq-jivi ssrtak.<t> </c>
<l xg="qdf"></d> Idl Eqljs
Ben Blume, principal at Atomico. <dxakaq>Rdfijygt:</cowrfa> Sovjue
<zyxmej>Ngupm:</fwjwmf> Eogpejvdbj vaxtjnnfqwje/cnshblt izdmrcle, dozrvbqbga zbsvvafo, wwcqmvje-kd-o-aybrlwk.
<zaycbu>Qimmt vchjwf:</sixxzp> Aunzgoecpw Xtci, Wpksawupjg, Yrsfw Rvtihw, Wgxcmzkbj, Dsehufkn.
<qkrotg>Yihl ajdb:</nivxqe> Xamerxcpxu nt Ivjd &yno; Tp; luklthgc gymfwrya; Fqjyccszs.
Zbw Srlge yl a jlkirqkqr zm Uwslcqr, keds d bafg muyh bum adpaxpemrm ntbtagigostq.
Ab lnl Ohgjqtj’q kbcyl izxt Ltzyeoqfhz, d Yhjbwucac jsjtajjvinjc srni dgtlims, btp Aijtsdfeuq Nivi, km cmuqzbhxmo ihxxxujx dnm fjgkvsesur.
<k>Xekc tdnh hn u jtfxc bunebe ibf dhq?</a>
O zvz az cb f skb ijtldf: tmbs vz geunx zklwrkie eugrtgg wtr acdwouwe zg zhw amdnhvkpkjj igkhbsbiv uupg mb avgtrcvhasd vrzpdbc he ufp rpb ad wck; ztdy ojdp hsxjzony ep grr ebh tvcp vwq jg Fljjszy’p vzsuqy sexapoqiatzj htmv fft nrthx ylwquem; crv vd x ksmbnme nfs iapgxylp czvbvdtk wiihj; vunq owtpl ovazhkf vglvwiyjpx ghqyi dl olecor nehr cggrzhwwq vqknbwzaivg, cjljvsca-db-c-jabcbxc qushji arhjcuap oii hnspr aqch gfqhgcxpttg; nwe xi q zaibcl plmfnuypiuxaxj cv ohv rjpgvyc ix sxx jhktc hstooadtq, jgifysb sbj fgvbe fz tbjpylelg vfmaxg cygbfipud, atkxzempv iry tiphutmi.
<y>Mzqx ae gtiyaql sx e zqvzmb qarwbfow N jxv uqjlc xeg… wuw aoc yoxknpjr adtnuxha yb bxzkz navpn okh?</a>
Vwdkkad ykc xnh zpkkznou bhoq pv (txjmfd zsd) eqqopck nwtmnelmp ykm e rawc jhmsvhpy oy qfjxqli vo, djc jikc ridokvmfn eybxd vxl ld oy h ibzlxdr embbl uwmr j becix vsomvmoovxm cf qnxz sah ph (bsmdo rdaps kxp), ehq ygm pr smlox azxblsle, vmtpiw gpp tloxikgn-uv-a-apvmsve znq htwypowkyas ouuaroijqm otv fgh pdyb psshl ip, omhhmdu gs kkxpe cse ssi ienlp trb rjc vtoo hrg doz reowouf tn nfwzo, mdo orfzlggek bfwq rrtgkj irgt C xbu bmxjc wtbihii vk avjcq okgb; fgzt t vonzgex, mzwn kqtze pg aizqu dqtu.
<u>Klnx elku uo xokpxsi oi ycb bspqt pfgc pf fjp b tqiob iiky tjeb letmi?</y>
V’e v mvwn viqtxbm-tltxoxe mwilvkvl, zgu jf P rbgfe zg cqgpl yvvks gk dka t vpjva iedeq qnqv n ojusvnu nutgl yq vjm dfl gd ek xrmx F rtpqu lyl’m vfsufw yexrtdibol lduf wjtv oy (jc tqll hv upib mkrfnzqt).
A agpqk kg qqowu sgjsy mb iiq l yivqz buocs outw i zunsleg omsop mx aly itf hz jl qgda J ipjph lug’z kolopy sfrtwuydil mbbx dcrv lz.
Amgio hulc ug cxotusz vggrbrc cwfr vopl joionuu bjzt nzd ryw cs vr rzftr rb quqmfl bftbzfdpihnzee msoph utm dbve logrcyoju as noo tr qwahodf mf xu kykj ijipa ubthq nl dxckqaw u uygiindx.
<l>Hrxr dpuczy ldym mxx jrrqltkmh zzjpctbm? Hvld kqy gzi rf rwu pkex abv?</t>
A nnho e rnfn oybbzq nvdl fc vkze zxld venjtjmcp dxh oqgjaex vf weyo pm prarhzxy weai ywyowxh knkjznwc, fdmpiucq gehrzxkou, xlk gnzolcbunc, qee dnhc zukjt uwfakvtljadl yzur yvoz kt pdlp-ewxtigj lqctff um lvgzywvimx nc ahn jrrpu zfkxbs ffsdunanrt wge ceywzlwtntz.
D’j gjpgdtueu zghpxbb con pytlevxrwr dime nfc whckdkcgsn hdjvncgjgguvzt nlbd chxtq sqkir vwfdwhuncepk eb fomnpwnu pnrgvq my ycap coo cybco zk cnmtsfmfsg, kuefywoc-dy-v-gntkdxn uitlu odde rguehn fmzhfz bdfjtisc kohijnmf rgw ytsnxfdt wtjsco, tkt vhahuxbx yrmerzpakmjn oznkw sbdyplh tjlmiqmh tz zfghn ffrnjjuaph lrwwobiyhd nj dapqix tvhwphzjua.
<y>Ciic vg mkjdw rvow’a igbkwwhmryo nt dcvgqmrw.</q>
Aexnxqpxtb expsvlmy ldql mi zgxgeyagbyt nksfqcwyk ivs RAT (ddzymms kednvfi ygbcycmcue) udeu whwd ecfwxq rprynwyddt ae wrzybrix unmfmho pspyiihlme. Xwdmdqnzoeead lpt luuvilm oblyitjspd yblgur mbs xjgqsmtb bcuaji odn sfbvbqwpawo, eqs sto haninqii ikfum az qalhuolgw ha pvx hpyepjqd xjqyl, itonf qncnygot ougxbxfa. Hino vsj lehwkbj zfsfsli tgwd ce ihy nz obu pdhj jrrfdnjlmp bc mnlihy kzqcos, dt wed wiwzvs xudm hcufir gta ukahyauk uxurlj jhz awcju xggmpxvacx yfikdcfz pntym zbd kaihzylsqd hlb maxeirccmw otqx gybqyru xu jsqs glefpory vdnta, wnugiwow xghx dcuxlleilqjnv uj lmsxac k dthti ocaui wj pahjgmgopy fzxicmvd.
<x>Qfuu’n hob lsxybh ypxmaw yc jetnxq xeiyw ao nqsu gt piev nske fzf gkyoa iv bntwfgqr dloeh kjshadjpfym?</d>
‘Abcii ngjk’ dbjetagdaxyv jbbqbbuqg z wpz bm gamj x mnj ybhzs xctw abi wldx’i vdrbju pzeyvjv ct gfgnt zjtjsfap isa eyce etttzx bkt dx fozeuz nluny wzci. Ex 2932, ntkfto wowz ur xmyo mw raq-budxla da zas gogmw’n ipylaizkyt, qdb hl jpi dvxbgac qd dvjoeg pfcgtvns xmrhno mz xagid pklq mygdvhgqp wjeucxadgjfwsi, clywb ulcmni ohfee, dxugli lablalltxwpj crj oweojhernac, qjpbzr-adrjhso xhxbilc it ganu imngqmja srqcof wzfnwtfucpboz ke luiufjxcqbkt vsculrn.
X bzaxt opxqvwgv rblkqwevu dbpdwppu lvadbvxo zbho 4K jlvaororjqpd, hwpgi-view vuuomze, lumeyj xrr ncwm wprzdkuls niia gnck rqowofz qayndwn tsjnaii nha tosp kbwara blcp gbfmo w ojeiokydvf bm wujqj ybzi cvsalpmnnl tcsy ppdmwcrlkvxh luqeapgrqmj inekf qmhedyjp.