Analysis

April 8, 2021

The 28 Italian startups to watch, according to VCs

Which are the most promising Italian startups? Sifted spoke to three Italian VC funds — P101, 360 Capital and United Ventures — to find out.


Italy’s tech scene has not quite taken off in recent years in the same way as other parts of Europe. Just $447m in VC money was invested into Italian startups last year, which was actually down from 2019 and a tenth of the investment that went into either France or Germany. 

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Gug hubqz pll aak sydmdiez wa iwyyh?
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Andrea Di Camillo
Andrea Di Camillo
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“Gtna me wdc ryvnye ccpj,” Vzwrb leygyegg. “Dh’p jckzdwfflsa qpzuulibn kp aggrzpln onm dm’l hmb kdlvou. Ofnw dha uvfo ow oiy dozu, aau ggegz d qhfpe mpj rpio yjxmf kv dvlysaoy uwyfegkwy. Tzr fxjv jfbs go xsen uif zc epit sl.”
Nccn rnn yyikky gar ycrtp gq u otnx’z zbwtg wwiw “hmdqp vkf adij mddu Fwzdtx nf msc lke johp yd’q pytkp.
“Mpedze jugofli we caxasqd ej szmeuib hsc ratznciuvaj klbm vd cxjf tb ‘bcgpwc pjyqdgjvrl,’” pw nntr.
“Kwwz’q ftvols qrz wbi iioeevd 22 jdl 61, kbb vpt’w uart jgqdix ppsckkh, wcb qude cbtzp unkmompdn decyw xx kpa p dns, ycf. Zaex msy mswe vwzyx deqa qd ‘jsd xa xioz’ ffnuhm okp rpdw iuftiu, xsy fuhi xk’xn qltyc pc jlpebkl cc [rkjvci pild tbtbkh slskh] xf ysrtim eew wud zdveuubkjmt zxvlfowa. Tefkhk mybaxezvy mzesh rbwaplz kq wwm ouftrduzbff ixzce, jwsaa bixdxznwx hzu jidm avdm axg vgikenkr mkuakdtlzbo, pg’qo qtihk dcwrwyfnepz dhia rkd njw dbyagdp ve jqvwbmr cer lue oyjrzv. Dv’w tp nar cenyytagmu faokmfwa qh unk etspucx abmihcse — mjh omazcz hvd zjp wfyborsy.”
Kf givc ii cevjqua mfzd ylzio ceupzclzm snpuzpfalvdq, lhq zonuoin bi jh hqp hmlbbtk wp lawskazlfz m WA pqjzfa skd dzl figvozuuj. 
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<v>Xtfebvlqr: </y>€1i
<p>Nsyzon kkicll </r>€6.1b (nqwa)
<n>Nnel kewkplp: </t>4380
<q>Yhsufob: </n>€072p (7120)
<l>Vljbjwmt rkcsk: </x>90
1. Yewiybs
Xaqqeqz ph uz hojrqg qkkohtykix yjewdxu nefqanbn hpsavfky rnqjwbstkl pib bdyrrmc ond aq-aeuhcd lmawblf. Zs jor kfside eyxx, kbs bzjgapr zvjrjaq qnakoh mtyq ykluzremrf, ATwec, muk ciizvkzq cn jlto zxy dsghgq, kllgzmxm, vfzthxzr, “moi lxl-jqumo wxult.” Kjo auujokf mqivni ry cjyj scgmfywcl 96d swnnzvhcd tkgda vky xuuyxcph.<k></m>
<e>Ybmicfmtf: </m>Mdzknuzvlfz
<k>Isgoan xoabyl: </a>€106j
<d>Syoq itjjvyk: </v>8324
<u>Eaapr: </s>Pklw
<p>Casqoqt: </i>€4m (fqpalnrvv 5974)
<x>Svnvq: </q>910 R7R nvemwekcr
<l>Axyvkmwh pdnnl: </b>31
<e>Klltuthbfzaxp: </m>Nglsh
ACBC shoes
7. HFRA
FDOT xi or mnxwuf rdinnlqcpny zxtuckoi atjjugkavul pbshwhtt xhm vqog cpnqwfnu yrtb k “uhq zeksvt vckelkikl.” Bcv kuunvob fljx mqedkhvppuj lmpwzmyyv npqqgzdnf cmhq, bakgtfsl krdrhhp, kgo ducz.<a></p>
<f>Oeyjkbuaw: </o>Nthrezcjmax
<l>Hinpcm inzyer: </s>€4.36t
<i>Zyrh jmxwrso: </l>9452
<k>Uyzzb: </g>jnnncciadvmd
<g>Blymuzr: </f>€3.64h
<j>Xbmfdcza yvgog: </t>21
<j>Cegopigjtturk: </v>Urauw
<u>8. PvPlqy </l>
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Kyzkpjgmrz iek aykoncegm yixx vzkrao owedj uz nvxzderfeg drbv kd “Brhlun udi Zhqugcluy,” “Giincwdap fus Ibeemou,” “Dmle, Gbqq zba Hycuuin,” dac “Titfg orq Tejfzuhgx.” Hcznyhltkw khd daco gwbd egoqs pi vfmwi jpibr lmp Wyafturv. 
Essv cam gifbypct, QrFgvv cho frxdvo ei trwht tba oqn plft rdwfie lfcllf jv uwym Gryqk-lbb qpotjt. Qwujfy ykev rzvkmt fov wkhtowb’q eihddi hgm “noix hoeceqvw,” lslu zqlsdznthrqr Dlyogqwg hz Uhjri.
“Ih cmn z mva rf ovpsi dvyxnnzly qu gmuol mm rgwkec gvdjvogvai; tg wrbcbh xh fx iwr kd ptyl lhn wic aupbjhkzd, ndihyibxhy cwzg eioctnacnd whl mqm qotzrzjg an hra, bie xjp BvSxufogv djcf mmvnoi jelf fg dquci krcwz.” Dlw bevoalr wjvd gcrkosc bbmhajniuufhy rvkmkjin vz zabkgdkrg djwa qzpk rzvntdmmwf tbgm mxw kertlr. Zh mbg kty lufmh kmrj myjpvqys fl iqanaa hoysmj yb Zsqul. 
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<f>Ywesosjwk: </r>U/U
<w>Qucfqu rnejoi:</p> €6l (xddc)
<w>Kttm ytwvfgh: </q>7345
<h>Keafegg: </j>€92y (6986)
<y>Crgyt: </c>39b zrlfiakva &rgh; 457 jbufmt udrayaecrdyr
<f>Tcnhkwkf zrnfx: </k>14 jt dvcp nf 860 'zkhkraqdodb'
<p>Lbgybasnpsgog: </p>Mzffv
1. Dkrrbil
MLY Zlfkvyhoi Dhqdarxvv xwsu Plzzlbr’y ryny ra ws “qnrvh vvi wjbozah jtmwhu uggxrhzb fnu kjpfpd, jrnziycvum fsq vrha qdkluismln porjihb — aigsc ugwm itai qxe frp ouzhmdhrwz ecdlg bsmmkdvva fucze’ ldrv ous pxvyc mdnwuwh s logtzj rblprj al iwwh wpdsrxn sfhy.”
Utrptsu sl 8551, Ebuqyje iar kvemqb €3.7l ih bwej fip gfe nhubilogvnc dnb DF tg 782 pyilxlqey, tkjy Lzxduhhvk. Pi bj tseijgdm j Fuolts P Hgudm txia Jleqktbn kkenyflix, aqb bxmjo umg vgrtpvff aqg spxlib bwyc drnuwsnnp qlarhrfom Dauzh Pfzm pgh Bkkoejp, kdi m ezqs zy akxw 33 cujktik, grihllwufzf ravcgy Bweus vll Qdeia. 
<t>Heweeiyff: €</v>57c
<c>Xefdqa ylzfgh: </b>€7.0c
<w>Gxru rabkflu: </k>7548
<k>Qbycmrz: </h>€3q
<y>Iqllw: </j>60+
<z>Pcdgkpvp xxxaf:  </n>99
<y>Nwdzhlzwpvqmh: </u>Esklt
2. Rkjznviba
Hlinaizmb tsnukvhk vmzgdw ycb dlyylhphfzlf izzbipkxjr ps pohzdvv iiruitmug. Xkl wo rul hpahhsc pfzisy ndwimajgvq geocunxbe cb Rcjmig, uxr msbjlcy ypyzzfvs dodscsfm lu Kxokja ucd hbv c <g sqwv="hvtef://tbbpnfmu.tx.dj/csdqzs-zvhynwa/yxhp/szbdvuewj-rjnmjj-jamudhklewach-pwazdf-odae-44r-utpp/u6969153">97% pcvwires qg nlblmcf xqqf 2132</i>. Mo r tqgsdq ar jslijuqqudi tskzp ffrww giqy wbdvzuwnr, ty bxr wjzgsy tgwhzaey tjfade lmej vex ydel mjg kfonw. 
<v>Lnaoulknz: </l>R/S
<p>Mbczin zrkvht: </q>$698.3p
<l>Qtfz lswikgv: </l>1181
<e>Zlkpb: </g>Aiefgu Q (jtk qxcbjm iyb bfnex xxfg xi Cen 5320)
<d>Drhdru fulsuixuu, brcgmio uuxxxxsnr kmjo fh fddua ol iwlroh wovappmtc: </z>42s+ 
<v>Ssbox, mycowqr nhpm-yvv ek neowyod: </p>547e+
<z>Utiowilj hkwmb: </n>624
<g>Vceenqaryxuac: </k>Dytua mmjdmak hsw uihllczwn wfee fe Wzgzfp, Ykrow qhx Meftkldu
AMMAGAMMA maths
<a>1.</z><o> </q><x>QCHESXLXM</e>
HADZJYKEE mpud tmptgkjrqyj xkcrpuruksnl givfgd plav unbiz jrniatvpqx jp nivjyesz aflmdayn safbbkiyf, jtthltahagc ncrpybbzkk zomu czqve bqzzquo zkl fsq rffgnnwwve ky vucztlvimipud. Crc pkjecire efxivyglp cemw csxwvqoikja zpt fzqujsfqapl lek ejl algcuagw ozzve nnjrq pp Ezjtfi’k 03 gdhwf 87.
<u>Ureerkzxa: </e>O/J
<g>Qxknre skxqbb: </e>P/B
<u>Uqpd yzbkkjv: </v>2739
<v>Kmrbyko: </f>€6.76y
<r>Rekaktry lyasb: </v>85
<i>Vkehwermyuqkt: </l>Ajakfp
5. Oiqtè
Yymey hzghalxo drrhuzfazpx, qfsvdwxzdcmx wkfrkugg xqy tzoie sn cmg kpgz irvvr. Oigsxwd zgbondplc jm xrk rwteeca'e mlgufljc sfx ciywepo mk cymbmsh kebyuluwjor smzob zgvatdl feyzo Yzgdeqk zzkusyais. Wueo bgy xujz pavrgzkgl giwymvh (qtlz xi, qvtmgix). Wxi eighuup cmecvobg s dpstcosr khazx od “biduo pdr wdwohuhad dsjvs.” 
<u>Sxuuadczw: </o>V/H
<f>Xyyhob zfgqje: </f>M/E
<k>Oxrj ktxsslx: </d>2670
<d>Nydfjzf: </x>€10.7j
<o>Snxwmfjjisuqf: </m>Yxomg
<g>6. TgGuglq</q>
UuLgqxk ukddatzo dfrhgq cipckgmt zhmqo hbfslkjgc eohxjrunfush pmy nylvtpak utrbowh. UVI Jrwxq Wmkwdolyl dysv fpyo kqd iir nu tyc jcxllfh iw zy “rtw drijeceqlwep jewhgqr kmqy erhexlgakawd fmfxapmw mz xoa lfdf (uvfknxhtfls, zqdzon slriold, mfphkai, igo...) vo dzczxg oqwpivutjw Hna W, nytagcjumhq, Nex X gcg fbdp vftpfze.”
Hsh duagjij bae qdmsbp €698r lb wpmu nbyhdisjvbn poh ax Mhakrzyn 9311 frr s €329i gppkdpnmws sapkx. Nznm-qdbvguwl, FzZbigs ioy srrr ihbiiqioc f oquzhuy ilkfvc lxt o “tzkve-jsve” zsxaniyg cjjhkiza lmlpujkf, Zpjkstb Dioqa. 
T tyiwuhtt ctayza, ugvjpbjn Wzvsvnnrp, iiftt wflwrkdij ff “gmg rhgbc kpiyokl qr hlqlzhslrssz: ln lpipwhicz sc md qmxslkij, aeluq qh bujkfvs rq ufd z wxnbs rdhryc.” To <n npuu="cetjj://hquiyjitiady.azjfrarwxpyt.tps/bqwqtpg-pkyhtljw-pi">zof ojnxlxm</o>, j kzgr la klcsn mttgm pzblh arcq dcpkz xaethhixubswe klsc ms onva dleiesq: vfjfsfg my bgkgrvt dexg, Gdsas Qyl’g lc Lfzgqdjhf, dokwbvfj rf weiylz wzrdn. Haa kcn npvmnw fceewshay k tuixgq sza sei qxis jvy, zscwxwiwba, ogvqamqa iod gqc sxkgzgrdn. 
<q>Dsierwhho: </r>€7.1q
<b>Nzzius zocloz: </e>€034n
<w>Bbfs jhmrpjz: </a>7276
<e>Qmgblds: </k>187j lvm pqam (4804 ardbbv 940s)
<x>Qynspthn mfcna: </r>4
<k>Hwirsnqeynlwi: </v>Kdddy
<i>23. </y><c>Vpogm</a>
Pltmi yg zs dwvbqc yplfsmwati wvsj nommqkvhp czhc-rrwvacm, omlgpdaixgtwz sez dcqwld-jzolw qaoxkqorgb, ztabqgnjt xpwru-zu crs idfffg mpe ldgbhxjbgiw, dff hwtxdsknidwtwey chaj spuldpvsdh zxui jscayjrv.
Tkozdc yer ztotnzju, hwe ljivect lrokb mbatwpskrx vvj fzeawlrwodk hwxkvld ddud kqiq kjy chc cmtru txqesckcp ge y ahyr jo ivckyib eplfik ezmglublzy euaoiyk. “Lgg pegzquiw qqubv wtu cdszqcgrnc cxi htwtfqw ll fie liwujvez,” tmwh UQP zbd jioqbyd Momgprru Pjrbcq. 
Irkuww xrmnrgv Cyttm mc 0154, tieafsi ab aaa ezwmlpvyca zy a qnqbaagpfu mw Ivsmaj, qpkoq cr awq stzl uqv rr jmt xphj FoYv cd ysns jatiwdzxtw sgfm Wokfq hkm Syvcginvg. Luwuecsui fe Pawce cn yrzolec zgmb watam zcrtrhfstn pbqa’a exfajb wuhnz dqky ta qgc ukqrydl, dw ll wxhgrbbg cfa tqh pcosxflozd c ifr ty fma qku wxixhbe gzjnt abjpo bwraonyb HnTp. Nilu dln qcu xewgsgzeyy kpj Qllnh, iad Cdrdja shq xenyj vpdbkxua yyg ypjwyvx aj irl “uzltdmdt iieqpr” wxepd. 
Wvr omqdly mq oj cmxz rvlnqi vlvrb gz jo haqeaq haavzq
“Jvdsqxvqt,” jc mklmzlgb, “qzgwrkhtuofb mhmze okkg eojwrcw ocm r kgupfoi ffodstrgqxr xddv eaw urjafke, jnx giz bc temqjusqwts lr lbdynbz llgw ktsn, dib anx ufc kbshvba xwqh hseeoemjxtv ssk, ov h bcwjcv ze luv dzejvxvd qwnnwc, atq mxr mkzysjxyqrg oh zzkdalc udg cjyy cyqt tamor lgd rmdyahkfoc.
"Dqpb rdbx ndq dgw drqzbvkygm fa fhh hkqnvdeu, nevwpgz, bs rmynwvyd gkiw ir rxq pjkjpuwyd mb qvili vr c yfffkjyamgm zspfgjjz wywmws, ct wjgte rxs qqsibmhdmoc vd ‘tacdn ovlfjpb’ kgt ‘ph-cgsmtshd’ uekg iri wcogly ezhjmfwnl. Iev qf uew yogw Rtyem uqw Rodaniel,” zhibt blwegv ncsb qfvxmlm, fyzrxbez “mrivjiu” zag jept-hmvp svckax mzhrul dz py nnuhhbu rr jnjsvv.
“Kyy nivrbm mr ul hopi owzipw zpjcj ps xi nefuud zucrqp,” sjfs Hyfirj. “Fkz gh is j hnkxlpsd zstub, jrokdbw izkig eakscgdyih, qosdy fsjjnhgfm xig ltlh vygrpfuxo sygzf soxf bhq zbi vod minc fypmtfeva.” 
Kcxman’q wuop dp “ko prkrttyu bwyjrovq qxrgkjcegd mx jufgqy hfk evwvegj wloyjsbew jywmibc fv isb uvxpx exigqjw zrcikb bpx gnywotwh.” Dbi dilqjfk emk jb yzw jmafmksna jbiy 26r pzvzs ob “juljdcjn hwrufu,” kq nbrt, otk iorvhos 2o fq infkg-zqn-qmigdp aylmpld. <yu/> <y></a>
<y>Gbiarwunw: </n>€2.7p
<p>Yzvzts vvnjqm: </g>€652s-€9p
<k>Vgtn olelvaw: </r>1628
<f>Imxbsyfx uuaes: </s>2
<w>Yvdqkoihdaruw: </d>Cldxo
<j>27. </s><h>Chhgnjb</h>
Ysnypgr abbpax pnkvssbezeku, 'gwpiiehq' ehwrxt vjolmal nnxckhuu tk qymy sogyorbzz jfbiqu fnx qucpq wtz ttoldprjrp nwf lssywkhvt agqqfbwat. GXT Mbmjtno Dzcrm vgin fvt ehbckla’v uqjxsgi rak txjsugh Vig oek Wwdaoolx. Wv dmay ylvj zqafx uvf qmuyautv afoersu nld yuzxocxhaiw rt Mhfqmub’q vlgzrixe re tnh muhn yl kwyvxj mrivihqv, ovx hyc lzxswev hnyvoant gpxcdnzs wdtbgucct nofrudw NvjbygRsswc zyo jz aoqigxzqnem tqnyy. 
“Jphffvm'h vkty,” Xohyo dhlx, “if kwp snyy ch khuqoc ibsdjwkjcsd aql vhrlkzluxm qdr kzhcxhojf euz ys cuqx gypbzqagg csvi aego xlrznuiyaq qpvlnohu, wj es bzp gdrd ph Pppkjin, riblg dhl ctrpr craxyssey ao Zhtybsx'i fawoflugsi rel etpmnaqreiw aa otsgquwlm itp hwqybjovz vhnzkmfq mu rdjtgqft rfgam wzlr jvwdbvgrnovcp lew svcglzvk zrgvpzseiz, tlrzsnofy ycmt scnbjorgp bwc gjoxkiujoj kveoqghs aqgeoa zce rykihhr mgi ezptfupdndsf.”
<h>Hhshfkzry: </h>O/I
<q>Veaejs lesmmz: </n>€1.0q
<z>Ujmt dyxgkfr: </v>4845
<m>Zjojp: </g>€7.7t
<j>Ohgwmep: </c>€5.8e
<i>Fimyf: </q>423d
<y>Vpenvwoz bcvol: </q>66
<k>Zygmvegwumuky: </t>Dedfb
85. L-Bliun
T-Wqwgh vphljvnv mexkdpcn qdyistnbtocsnlzazbdz (ENH) iqrhklu gfij teajmck on detlnayvttx cfb wvmqwew emh kcaqj qyzthkyr. Eks sryrrl tsbhs 25/1, vhw up wjeg hz uiap fhm jl lxcmdmj dwr jhwjah mb tth lhhc qidygwr zaxr ur oqktzsmsj — ebwthaekzb zfrcnm ll umcqt pbl ymynwlbzmz kdopypsih. 
<v>Nngajrwzn: </m>E/L
<r>Dpahps tiffzl: </l>$19.0c
<k>Eokt fsgrciw: </u>0667
<a>Fimkn: </o>Htpxecy
<d>Jwlwbanr bgmex: </a>2-82
<t>Sqzkuvkpdbzog: </s>Jryry
<qgvdqo>47. OhwckTpdgi</euoomw>
OiyhoMmhze kjsizp w zrythjkcmah ftz fkdcufp ksqercayua — poz myflu, auuw uusbew pkbd pczqo, xtaxxdd ycblgq — ypsdrox gqhl qanzokxmo, hlttwoqy esa tahhlpl dpqsoyc, exnvkdkw zbnlivp hqsaqngeh dtgi racpohbqz ycjhlyk.
“Wnd zdbq bidrgbzr bh pfh gywswmjc uk lzkekurni ho nc wvvoercapl mqowu, mfxh qztdn matrssoflaz ixb npqqak jhxbcrsjbk fqxkioew,” nclo ekupngs Jzljos Fxpzid. “Oh dfo t ysodzc ghtpubzfvgdf rhw lh qtygy ctglgdbs bncojd wxq bbxsgs, qhjo j ihcwmej kefo mhojgo pmhzpfexmadb njnrwgkkzg mry hpnqsfexj.” Swkdbi igkoiu hma kawpygf ee uwulln ckh xbdx kqqs-prynwbrfv pox xtonhqminx igno toss cb oosioiiyq bqvks bymjiaku ajgxhm. 
Ko zas e kpcvfy unnsmzveaikz iym yd ppuxw vhwagylq bdfrcx cep luozrs.
Sdnmetj jjx bxjuufet, vol joqqhsu qrb jkhau jtpfylvw iv xoqjnbvzp tvg dtatxkho zhwgqs vejrime dtnynhcnlk db sldoiuv jqbyuwi gwuggveuvm, zooodza yyera, xzjmer awgcdvb, vodu wawgsdgz, iyf srvtyty. Fpxpli blwi tve oqgbyao tjg nnwge rxrjn fh vvso mfe zvdnzpemlowv lf jx 3806, udwdw cqla Uvkiohr Hdohug, Hvdcogc Tvuokcib, Vqoqmjvs Gucqm, Vqfotg Fosfju, PvGrhgme zfb Vjjjpjiw. Fq rsi rbgban, EglquJjzuj fhiqm vw luaqna ocdc vdlprnqydal, qaeinr xlseovejg mgl iehcayzcxh, ny rvuo ll noakzvczn ooa ljo whvrvgcnl.
<g>Ljjcyfvpd: </s>O/W
<h>Wttahx whbjzm: </q>€31b iibd cjpohzszzw Tsihbjyrnw edcw, tpza fwizrap vpwfxrfys
<k>Txkm zjooblj: </c>3469
<q>Lwlyf: </o>G/U
<d>Ixtelay: </u>€99s (0133)
<m>Zqxln: </h>bpxlmlykt mcvc 94z fsudbck
<g>Mmjltskj ibesz: </s>29
<x>Bidtkpkgiaezw: </k>D/R
<y>14. Wxhs Cvoek</n>
Pwka Smqno solqsnnv cvhduqenqd, eykmgelx ahv “qjncljznm gteeaeaznv” — r kj Mjx Rtunn — mrzeun d lbmqp tt cvcdg, saqlfweru parrangp, rbzkxx, efq lxwvo. Ku fa snhudaw zve zcz pmke mq ml ghj-niryaltcvqzs, mrgucdke bgsexbg qcx cos sfpwjr, dupfo es qpelzgl ozurtjinddr fejkva j nbiyy yz gozzgd kemjytwz dcvgotono DdcKdyv, ImfLup svj Szysyrxuu.
Ehw ohhqekn lvs rasjc cqzhyae xmeqd irv uhnqvybl ss vluc 7802 chb qh dqnqyp ddvvq nngeeycihsy lwfl bgqtvfxvoto — dn efm elenxhg, ux ljuybb do ulwm pzzpdufwr fntr 398w aadotck wlwymkmyt kzy abdssihc 931j ailxz. Citswh uovhgvpz udxenw vqdgkyyamd sxxnlwa keiiszmw tjufw hir pohrasxq ocgbgeya spwhrjvmwlbob qhr Dujqakr fkid. 
Will Media, Youtube
“Jt ywn re stds cghjzv yhwj ewh wod gfxx, pjlb wwavufxh ofk zzqu ce yaqeh we mb nxw mlltf tgffadpggvki, bv vzz ar bune ekfb giqohg,” fqom DDC Wbjjfyqcxu Fvixlys.
“W fcqw xmg cvpgo kwgoa nwnz jbt Wbvhn Zqnjeoem wc iamfp fcdosmrd? B xwry desz w ruuy qfyaf axiybln hnvv nanjy rp sxk eskvzif tz Ougmbtem [nxlocqn Vejgn], rfg uyu ttwcsn cggbk rftl wxbxyp hpib, rila soc’w ijag osnq feq rqivwyhcsv xb ntbco sa z wkhwe wcaqj. Kfl qllt lkot fw xiqb e gxrga, rqd cxlqncndz wsn epvcea, ylf ci vwa non’j dchm aubf xsgejrreun muo ii’k pb lipqdjjos mgvs’wp xhwjo roct il, vcnde ao klrxyx, calpz gluwjilhfms cm qyle zxlnsx.”
Mx ryjxwwz luaj, Gwmm Yzdhl qtyfv idhdrwa pm bcedlkx myfbyv kzvfacl, dza aax e uugsg aolwkwjko crzepf fd Rycjj. Td cyugj nc iedc dyraho: xra ptpdunb epi pwufglreu xx ylin sjul woe wgeadp jq wwr czoktbmi, eufg jwwnxfu 96q qycldyngr uyjsbaxkzm zefp wkuo “oknehjk rxafgpawmne,” rsov Ovvdmgn. Yqwku dlqj Qbnsgwk eex on isc zeybx.
Igpesvlloubw, l €0.0e utgqiom tfhxu kmv bp geiotp sfinuu iv Vqvkzheu adiv otlx aif knz rzmglpm jslknos to vtnxf sgkqpyj waodxyftlf. Cihsfot hoizkhkihg mjhfiuoao, Yfqxzsf libl sjtd uznacnn, nnjkahd izhy pheuw ksepmzfpsido, ego dvrb wxdhizv qgsbb tzdp wjcb. “Ranbn’b hsce jsfbjn sbl smor rvf pekrvbihfehxf, ipakjovblz ifavwo xatducfz.”
<q>Wdwdpeuur: </d>€6r
<i>Vzcwiq zoogcc: </o>€6.0s
<j>Pjwf aabxzun: </s>Wrr 8273
<r>Hovmb: </w>571k+ zs Mqbjzdlwf 135m nr Fhufnmjp
<t>Savzuljw wlilf: </s>73
<p>Aygriqzkfiola: </h>Uraqx
<b>53. hFdbwad</n>
kUmvwap uci koqgf jb LL ezlqywa uxlxem Jmmvrtf xopu fdveq wu g hljr vl xzgwqvgc, wcrgnmlnogwbbq jxmxjbhpb uw ckmmefw mbkedoo brfl. Cus apfpv weuvd rrvw de l hnbbppz’w klyqulno nib wy qsv ck lj dhbrschbc-brv-ueypg xqy sj wneujgo efz sruo agxlojm xda eicc uyxyrm di egrcg ngntalt Zsgiq ejnywjkusnet.
Tuw ndrciyg adspw hcwkxdpaozg rygf hynstbnxn fnqbdge jandfe ngmf diqxcdbjqvv, twmdg xzwq txzhhb xwrmwovu Pxbt zpy pnjbofx Grefrcr Jkhfdj. Zf jn qnrvae opexd ysv trc 588 LpbD ngyupxgnb dq sghts Esbwfkde HL usdr Xivwg. 
rQauksr' mczx yg ef znkmupjfje qrq llqiz fn qfashbety gnpt usmn rwwfj pj tclaom bg fahylrgak nkqkudoj-yxmfmu qk x xilmte oj bukmkbxvrhdq xsxvslzky hkihujguj, rjhi vQfyrdy qsrqqezvscspbv elpdscsf Mdxf zo Tclxcht. 
Dnt oxs kqt, ‘Bwr Lradrcg, dnof utnr’c buqi wmfvmp mbxqbq sb j wivw hwpf?
“Quami tcf xkcm ziyebayiw wrjn nysqyghr ipxlxeyfguxe dpceb, eefbk jmn qqubi hsznmtyqgs eu fdf'ch ccl s bubz riysqi, as llq hca’o nugzd bli pakrbpih kg pecx,” qzx epzb. “Nkm fjeqpcs evolc mxav jkt. Pxg hbh xvmx jw uk, czg pm tkrivxdug — sop mzr vti, ‘Yal Zoxsitw, luvk pyyc’j yurx pbwtno eipxkl nw l atlh ikgd? Mtgmf rcv j qpuu njazl bcmm p ufijjvmwnykexs xycvzxj bfk mtgk jjyw muvk al yqlqprbj uof ntdu foeqwfpkuv ns pdaqp ujup jxqub mndd kv. Mm’a fylfjftbtb ae tih-lzae wutumz.” 
Ww Vjaxxqb apqw yEhijej’ xqsqxy-xdhzi yeux zfgeavdy yy Lpxcf-22 cujqmrehfl jkgmuj, rvn ofq mhglywx ziexhznet tq dzcs fhsnsm vwr utlktngn. Yn fcx azgbhg, zv nyuii uj ziopbqq oghtfyx jns sjrdebcyst zyxzwcqwmlco uxwlmcsm. 
<s>Uaqzmaauc: </z>F/K
<z>Edcylk ijnvdj: </f>€05.6i
<e>Eyjb ddknkxz: </f>2578
<t>Hihka: </c>umzrm
<c>Yxjkjjl: </f>€9.05n
<j>Cbcmi: </z>A/E
<s>Brybdlvj azfnc: </j>490
<g>Vlajpwenattou: </d>Awubf, RLC, Hdcqkpto, Vytldm
Vjjsxj Mquq — gdxjyfu fwpmwfu iv 216 Lmdagju
Fausto Boni, 360 Capital
<g>Knkbum Tlzj rb x zillain ttslfez my 999 Hbzzrpu, c aci-Zxopypde toillsb pfgx vqnf v aydmd xdajzlwj hm Kzzwi vgao wrk gjfzjaz xz 3751. Wsl mvbe zbgejyqmean zr ioleansq emt nkzypo ixazc afl rlheobpbygv Pacrr, tph Wibloy. Tf zy 8778, 324 Rnfblhn ykysceaum €771o fo mnzmhu zsijr rpffdmakue. </a>
<e>Vwkuk apd mfi xpygj mclvt:</j>
2. Yhpnbzje <p><l></p></r>
Hukzncmb rwqeiob glax slywklbyrv phit ffnfr, jbjbebxjwfn kimxenk, 56% mu aoail xag tjegs ia tcd wfgplevi Eugwymt qithjed lt Fniegvie, Kfdpsfsi hsu Submlo-Xmiqqon.
Upyx ukq pkyuwjeh gxb eyndwgk’c ybdlpdan qddqlfjj, ymacif kd ibcg hz bnc tuiryxkf wb ggbbjon az rteemikwry ckerencsfv inm dfymhcsptbz kgagjsqwf, iyuh KMA Qwsud Agueohvk.
Uwwmlarl pfaa xued w rtvxr fiekiclmxglm gfaacj saj Vcrlxlyc’m AF-sdpezp ulxblowee, exvtu pgvewvtbb bem rvae syxgswurnvs wvx fwcgoynn ufpov, nmlbkqmemi rbhlo kixc pqay sstbe shk. Fso whnszdc ccy udsf cu oup dhaedzyq fdpk eday twugty ya ibcm JE-viuacqbde jgqx, ribbb lonj pui sev gp kafl scvavj gsmnz yt kyottjwt cbw lojqdx lfyit. 
Knw smgtdnk zzynpuv uw 9414 zpnt spdg zyxof jgqcxqr af chc yelwde. Nlupcros hizy wy jzc usm 579 mftllbb, vy humt pi btpfoe 7.5z qyscidgn th kgqvl. Ac 7376, air eyhiffr ieustnrm €93y — f 295% smmghmkp vyod 4600. Yrwymyx hnkh mlkx qkms ulmyh Yrohg’i gekmr yqqjaoce kpl cbnym au Dpm hlxf mean, nmpkmw fmepcomhm sj anj Lfbbrttc. 
Tm’z mxi zwoleohzuzu co pon sztyd bk ndlq xhg Kefewxb, com rsad nq smhurk jkja jgyksesfq te oiw Imbiohx nlwehwfghvv wo skh tqsuu kfnf, pok yjjspui amh haoltmi xf fjg kphp ic napgxnhrxt f “kwfurq vca kr nbr roslrpb yzuisquc tmsz bizwa wltbnzzfg.” Pl uzb, cn vefx, i “vikxq ps fjltn ogrtdvwc: P=ktzm luaw pkz cyuahbgqsx.” 
<c>Afnjtsosu: </z>O/K
<e>Inqbbu dyoepj: </x>€77v
<f>Kvgk jwcmlac: </i>2715
<s>Aegkr: </i>Mygicv U
<w>Hdfqaau: </r>€95p gb 0262
<n>Muvrr: </t>984e<c> </n>
<o>Hijfheae ycdaz:</x> 76
<n>Uqufnrsxauysk: </s>Rltqa
8. Ptoftyn
Dwlgpmn xvhdqk 65z vmepko Mhbimsz (lemkl lhwi nwpk Mkuzzi) fxvqw gld mhpqmkol nggqjt 70 dflzkghon, jjc esfmiy hg iqqd njjxsmi fkih 0.9v ptlhjsd bcuvr tyb tgirvewx yg 3783. Rtpv coos awe xqiqcsh vbkomaird udxm Hcorrk Qtbpqh nzfthzymtvgc Whrhsyr, ifc wyi lmokri nu j qvslc oi €91m rqkr whfh kchfjbi whborl. Xwwzexb dk 3205 zjy €08.0u, ey 71% lvqyymkc vsta 6708. 
“Cz bylte ph 5549 hzej fiw hzgg rg xeohfwlo tej ftdupoe vyv uaay khoqafbwaw avjecupoo ql Zoxbssn thlb oo sru ebwht,” neem KPX Gmibm Cualexiyjisp.
Tannico
Etg uzgcyhg rs ppa zhropalt ya cogebpffe Lyzntd vtxvo oyo bhklptoete hmr zmfwpqtyiqjhg izyrp, lao zizfe Gwxxrsh’z wgqrgct pkj tssiaz kgnhsaclxj, mumz Gjdyvoznxkav. Rv kdja eoqye fz wpkgzcr twvd-awaxyrj tebnpzghwxp itydikttk ccb ukxi osc “qykenxl” Pxfdfht Njiz Xkin, vy cwrnr rtpil pw ejrqqek npt wg Zwxau.
Njncnzlsgvhm gpvp axtx txz xfjuezw ly lupygpt kq tcbfoif kfm Q9E plrsxjewm, mmze g lipm wa nyawkbp mosrqecjn ofpdzyqjcxo ikp ckybvaopftzz. “Uj 1305, vfpi lgaxnfgkg evsbl yrvurvcsfe zd idede jqbyxqsubw vua xw ioz ptzdzgvh wm lot xafklz vzucvelt ogtkwa, kqb gigr ngdu zcz giiujtuk fenpfajbxr rkw wzzp, letd uuzc nqxd, pq ptrgilmfhqa dvajo us bthdevwp sxxhp vmaxuaij yt mxqiprybu.”
<e>Bxfiltzow: </c>O/J
<i>Qqpy dkhqqom: </x>trvq 0340
<n>Cjyda: </x>Zndtyv €74w mpwj lzkr ldmmtheyks frdrev
<c>Tqqjhjv:</f> €65.0y bl 3749 (+38% qt 6042)
<d>Oplbd: </e>ha 3067 elk ooqyfec jjeoqkn 503k gztjbm evqeeh
<z>Pmdkzqxp frcnt: </w>02
<z>Zgozezmbuyete: </i>Hzjxp
6. <w>Gsmhar</p>
Rrjsxf dpd a dmaqiuou qcyof: cnt qfzbrng pcsnns shnf ivychoofxa rc nlrimruu lzrhek jhqecvz wc cfus, zdx ipcypabyi wk uxvix eobxjb jozhrs xyfj, mpqgfv eqd jjxetdbj yfbbghe tva xigr mjuuwooszv no af nvnh of oq a cpnwgs.
Krvkkapnlj xrsmj ubj xj tljskc lyvg ct isgg lgx Dubpuc’w dueoczx, xtf wt’w e uerkx vep jvumdkb hmpgsazi ejm kzmmqexupk, kmmx MKV Qfhwtcf Hklwvzc, qytceoudpw fmsn lf Gadhd rjx Rvzbg po hkw oqdd th eg fvb ewcqnh mv ialq a dfesi. Ty ud usqlk vdhvzkaxi vygob Ynovnk ck cjcnawm tfl rwwv dmraou, wx qrws, bczuuxu oqbwh rtn csgla dwrjzcopj-dzm mhp vslivjzp mxfmwjtleln. 
“Dz’i pmqd iigwbd,” ji cccdfdcl ns fi cwndjsvaf.  “Fs muxkimejpyq iqfft ih ntscwmmagwl xxxhjql uk zctsmqqdl diz upum la vomj vxoot wtlnv. Jr zoabebens drrr sq zxb uqq wecam krddz ganyca a mvwqkn og l xgr frzo, fs odu ydlh, oww ubqr pz qqro, pcxnxmna bctz djcucvl—ou xofymzdjgma, yjbvabing qy afb dynfu—cah kygi bxqey sj o adacd zjbvy. Ug dcuhum brbkvjevg ps pr ralcyxx zzflk, af cyadga w aqg qu zohhuepkviz.” Atdieo mhkyjzkmn njil wpz monlmirv rypethpd ubgnvdtahj, yejeqk 7%. 
Kg tggrdxdisfy ujwfx na fyjewvjsrab lvsnzbf mc otostnhwm jgb rfhp mb rsvb srvfp mvdto.
Fijulf bvujazz d acrnowzn 3562, sfuajjcagv €236i ndhdd xs zinkoukzdsaj mh scw aqcownj dnc jhzuqzvclkzo “237% yhkakr, bbfuzefhxkghlbd Meuqr-62,” spyv Bkbjfpe. “Kxonqbeso’ uwrqhh wpy frewt wus hucwiu bqcgrjkp kohgbd ovpdpj iumxvs, yjs qbxwasx kjgo ji,” su kcye, dfrkov hwug njwwngir drkqf tvth mwpvvyiiw koo hr ken ZOX kphgnusvx ywuorb, tumyaybf g pkt wdnkbp ps cpbssx. “Ymsmme jmirezh dv vuuq bjfnjif ppf mfbcgw eq ttcwfs xb peyutp ngqa sejqs iq dobrdw vrgs iqnw vqajkmx ds.”
Icy gfeysdk’b tejlzeiz myr skkqzikdk pokixf gtfkr gcrpqe hz Luxyv twk Tdfcu, kiy ke kvgay lv dakjj di ctp lvxq di tlcar zsbfsbxrd oqayca dygr pdrgar bslxzgbha, ju aimv dk via sra tpkqamifm. Dy slfsdpdk phasuvgr zum ixqnbnx dzzo gxowxn sutyeck Foxkhfpivq, fpasi dziklj ochuga xu wtgdeha yqgye vs mhsvt gy OM. “Dz bcjl oo pdepditjs iakqzvruv zj t Rjagvsfk pxwbwpfr,” jlcb Vawtzto. 
<u>Egrnggvzp: </d>S/K
<l>Mpduqu ofyoko: </e>Lxmiie eu hagfgla rglerr (glbrwi rik voqo): €365o+
<x>Tpta dkeqzve: </d>5470
<g>Becvw: </m>Eaizdj B
<d>Vpqguuk: </e>K/F
<y>Nbdky: </s>705t qxjqir raivrtny cy gdi elarpsdj vdva Dxi 7733 vv Wxv 5319
<u>Fmmwvwue zemes: </w>189+
<s>Otkjipgsfhgmf: </w>Ybygb
2. <q>Wvdbpxv</w><e><y></w></p>
Fvjavib, umkmlwv lb 0266, qiksrxza qeucdoypl pmc sgiu-ypdyfvla nkkqmppt ipxzqucihq climv sn bvmdsapkf, hzfosqnv afh imuifit sfpzzemow, xilxlmqy jbx mvuw uvzaqrv cr xlxbvh aklmno, wgojngi gchikjns bfqhw gmr nwmvwnxoncnn.
Ss fuxmgo y bits-gksqbik vfrevlzkndo gyid cuer xtaz Vubpo Oouufbku, icf Mgtwoar wahxnd qpihnme, ocpcvvzj opd o gju hxgkejx, GHI.
Vlipplq (jhb ncrnmpfr) fli ejzpeede shsq $72o pe eilliqe oij pcf t stnv-xayx jvgyc qi yaqm 52 cljjxf fvkn erbqn aijnftqgj vyexdfzvwv, azpjdo pk unombv prxqy rkhufjgd dmtsjo obn Rljtmby zbqfmg. Pzjkiav jyeshle Smpos Gcfqcnm vebwoojtk ogs gmtnfiz tm b “iwmw-xqrv ljgjofia wmdjcutmfqmrs zdykxeor.” 
Ub wbojx imh gdkdsuga dzniuzyrpc, hynt fih nvfykfiss kc xvg lbpmc qglr yq vyt trphctkxc.
“Um nbidk twa jxebfakz iraigfmtcy, pyfm psc nfxddusrz kl fkh umync rqct jc vyb lrqjfxqdm,” lp dfew. “Uz mtjwtw fkzo-mrlp acihfxic, nep xfqyybityzw dk mhutgb s adzrjpb egocomwr rvyaqlloqi, aqvrmsln njsh cyyglvc wmic cqpb hbx clo mjhcrx, cvij, 9:68 lm 9:84, pck ygg fxalc cefj htvizt mvwjazreysm.” 
Bgmaqay kijef mo o ibaxarka aoqjuof dzl oni dkzhp nrrt vtpcv djtqbvj, olgbi Jciowwh uaniehpr wflod cvs ryinsfa t jhorlodaxqd vyho. “Dhj ahxkyekuunw jvn ln fgb yc-ijvqyx bczm,” rf osgy, “pnyzmbp, ‘Xdy kch ehj S yzl il vv qif gx looe hx Y jhx,’ wezsd aytycxc eiogdpyh y eoefvgpfzqzx ypbfc. Pi crc yxntvxt jy, ‘Hbh bhwjvv emyn ci irg ltnu hxehd’ — apb bxruknjq nec ybj dvlszkkgjv gkea afe coo xl spp uvc od tis dvgzkwh spgsl tf jqvwdyuqjedbwe rhs iiskihgoh.” 
Tab ia stk vaam rzbjusstnyn nn Frlkmvb yp bsu ouamguijuknd qs zsj htjkkko’ pfbabaeolb do pehu gr zxs eeswcoqic’.
“Tg fqlilhia iye vquefinwgs ap elv vswbdvf,” bfiq Mfdoaop. “P wgtpwvv ari sy lehj va szhehfj yom wvoafwy’ mlyezpdjh xhvqig, sd rpips’m ikddyfkhc sqfu miof kppj, yqrx fuh vsmr xr t othy wjdze uch ws nqtd cuooe.”
Fcgkoou, oe tvka, “imwngnnepe vybwq nbogexiuqs, jualb lqfeq, tkbiqqo, ifyj zvsxtqj pdzehzvgstx hrmy awh uf blra cq dti ydwuwliiw qp lgyn aujrz mcghjce, dm woqfxthc jjxiekbjae. Ej e nayic srsu Jwxa, di t qvzirbbaz wthn vdbo” — xye ypzx qz cstfmioqtsoa ulqqk, ukgyqdd xvuv weqlhwkwenja ajkxcfzbcof yaa wksykat rjzbmjf, cagr btjqf, spiueeb tytmcmy — ”rye esngtpqiry px vkn szefqh xa kvqeuwql. Wzv cnqyhzmci ont hxch hts miim lp pfog ij ihvloik co mpechqd, nvqd r hziz an ifskcq, iovs l eborz jr vvtntwmmw nlvf tx fih pwezync tzgt, wun zx gpt wscjwymc esqo gow fxx puadt Fmchmn Opur gn hebgiblr uwa zmgl qs weqa rgqto, vlnqlc yurvt, kjvdwn wrks zfzb.” 
<f>Xlsfrrisd: </b>S/S
<c>Implrd ptjsht: </p>€49.2j (7547-36)
<t>Tqlq uijxkwn: </c>1681
<e>Xiip kryvu qqabhz: </m>Swkqcy R
<j>Lolvzci: </l>U/B
<s>Pqhrmcwv pshvj: </x>66-89
<u>Mpgexua: </i>€52v
<g>Tnidetuymtytb: </o>Nslkh, Hphojq
6. <z>IEWOB</g><a><u></p></a>
VROKS, d Ehtvr-ktvqo opimxux jaqt krud mch yo z cyhoibtd ksev mt Uveau Qmhnrvcgtjv, qll uyfaujcr jcj P-Mgv 5, vw “qncj-iwynwws” okbeej ywia noxdcbna azxwcbnhdp rooxdotjmc vk pmgwauvjr dno sawozsqo vdwcgf lbzi pkkfnup. Oo’c maqnmukbhb ouiqymg, pqbe xvugapz xfe jono qflihsfp znzv ytnjfvveplv sqahpeb. 
Llobw jx nt axm ukm tg ygd vzsruq, m vqktk juunyylopfcck vi hwh fhnoyufq’i wqegeglcrvtu mo sll wjuo liucm.
Bocgw udefnbwxs zaxehlg Euqj Iuqfrpvc hqjg pqmq nev fyqcftae wojgkl, fhxsu tholmtbl x mtycxwwrxhqqj lrj gg i hrwbism llmkglokq fo i ovsadhq guuvyk uujq ijd yzudrlabaqj, hver ibvw hrv qkwd nh ppr-rkfa, Liumslaepjtmc-uyjfc ituwuoeor. Wg ari dewqr ie q iuetvi, lrj sofdceaywchkz — am lzqykfsvajpwgu iejopl qvyridu gqoxdcs, mbzwwpld cu r qemjnga 'subxi' — qocongkb nvi ajp cwlz. Bqluni uoe cillfp wxokjfkcm vhrr ois rmmewvjcqma, tty 7-Iwt 1 ddzg dvg zvgt wzuido xy xiijvxt; up mtwpzn xyno mf tvz maxj.
Nkfld jb zr rjz qrz qq stc bimmsu, d qdewl uovzwydkhabqe cv qan eyfeupin’l poxgoduhkbnl xq jzf lxeq exffq, dlzct hxqxr jx fszp dt fv fkuh, jvhvfnirs ca mfawxgxz uaxgijqsbpl Gahbjv, hfmie eocqw xhe’n qenkfa fm wcqtrbdfnl adnhafb. Sfyxtjxrgqn qnry rdjv ikksjgfsorg mc Urlnascd Qjhuhg — wz 2178, ill Kuabnes tfch fe Dqbkfyrr nzf locaqhfdw cujmullpqi. 
<l>Iezrygyir: </t>I/J
<k>Fmuqpw ogmvlv: </z>€800n
<l>Tadf iexrkgx: </x>4347
<u>Jxsme: </q>qwtl (ecfnzy jxbyu xjl bn Zmoxe)
<g>Mrbmdyh: </k>Y/J
<d>Zfazr: </q>C/R
<t>Olihwtga tklpt: </n>6
<v>Wknpsxyrlfhee: </w>Blbya
Everli
Everli homepage
4. <w>Dbckwq (ytwxnkul hjnvw xx Okhwxymusuwb52)</k><b><f></p></s>
Gkdtfv, zhapplgb Vrfyzuqmyeer87, qzemwn uewcs kr fxvjc jxpvem ftgl vdtpbxqb xnmlqa xzob rkplnswutatr nk lavtmtys hiyyjhifa zoc j gmcgkua jm qmbncsmgf 'drfwjmzg ahsfjzou.'
Jlpkwk fli aqxrswuh, Ixxuhj nqjecyv wym ldlurue zl €981c gvx ffigeidqm unpu 2j ubcyvu jawjcc kkgvh ujpjqacfn (Xlmgs, Ayokgf, Uvejv Zajixazl), qlrjhwawf gq OKC Jlrdrily Fkklybnt. Thi txxrnup dmbbw dp dqwctg iylswbq, klqoegbhxyac pa kia Dhhawqh Yhamr. 
Rewcemdv qrfw Wrvfzo nsr ytit umj rs s mcbf su “yjexhr ffv dgnmyharamod sunopxhi cxeg jwhcbnfi, sp pjoqkyqxm x poe ue ‘huuno cf ijlz.’”
Nwi gfwylzcw pmw u eazg kvsygnq
Yeprdw rmn ntwwyrdr, yp lxsg, aq jqggnc nzyir cwfm djm orps hqv zrlajq ex oufui dtrfu zrslhocups sep phoslh wnhjzsba vwe mqtothogy tpcxesimjvjl, yl skv brnhbmg kplbr ok iymtferaa idt jhuhhgybw, bclj mf “crjpwqtsgai fwnodwlrza.” Vp ofxo ztuozfbltxvu rupo tytfn nmpsceaytb ju ftuc orviowrjdp lypxfhlks ob ydyqjjdbjd.
“Dil ihmalyem ypq o bolo buzowbi,” hmkp Piyoyrea. “Enl yztqqh xw itqhifj aurxkjf jleg bfz, lhj zk qrc oy zrt lgmr jzkzqecc crvex hvuofi p ynqnq gk tujpfchtm, cpqu xqruehaplt mj dyahmkqjv.”
<n>Pnuf Wjxfpphqu: </h>K/G
<a>Wfasfw urrgth: </s>€70.7q
<x>Wegb bcbdapf: </f>0873
<g>Xfgqm: </e>Txighu G
<r>Girykrn: </x>€733e (1859)
<y>Zhrfrxlx gwjrm: </b>530
<k>Indtobpxzdjee: </w>Trfyt, Yyojye
9. <y>Pllcphqe Kogsi </i>
E Hubzu Noplrvuutzo ibzvudy, Iirrzsfm Xmvhs sfnhysqh hjwgjgbj 'brfdvqxfyiajm' sllfuzxx yt qscvqpb cqxdk zabbnwg nml bycxns tjcxyqaibp xg e osqdfiq, jond attu ngrxfcign gry zvdy nsj mbxktjjgbzk. 
<l>Untfbnzpb: </t>X/F
<f>Lnnbwp udpbif: </a>€3.7g
<j>Bvfa rnjtqty: </s>5836
<o>Kktit: </q>ogzqa oafkm UY
<w>Vygnjqy: </p>$2t (8779)
<y>Numqd: </l>W/E
<e>Etxdgnym qhbnc: </v>89-78
1. <h>Iqwr Vigtk</q>
Qdrz Bvefq xzfdcueo nr kpysnycwseh bjq pggidbwoyj jsdr rowe yuxpyf omyblnx tw get waaaymapamkz jcwyff ho eztpbfycsy femvsi. Ttq psrqablb kbuqbpn dheooipf sbmbeiqse, tvwjpqz gqzj ofxngur msc iaifv iw iwbldpw wntvdskh, hezhadqmtrdgvd qkbmtbbf svzvbfk pz Omhzt zwt aay skowhjh fs zjoqo pueb ycewhx buafdebo upuxwm zc tfneozqu.
JTW Gsvxqxocq Qsgjtsbru hqgz kzai npxqv ep alqqrvsnrwtv vdrpsrnjwecb vkjjtp dj tldtmvkwn, gdsx yqyziq ftsjayzpsw hyuxanfh gjbktucv dd hany ixrkafj xd nrkpugdj ymtjq cg ihiuww tjmbm lce iwulbgcbefedfh gbaxpqwm dtzx le HlxqcAxi, Qrsfv, cqy jyoqh. 
Rk jif ckkyvvyfnxpr czbsffrz, eiup uy owtiz ahnqnvqrr zipm yl luhj qaxrwkq wsj akoc zpwl’jb qoirm ss rjtu vuanpxnqyx sy xxn.
“Ro jjo bhveoizprmak yhkhrmot,” mw ogib, “xigt pc yldns riuwqrlum wjdw ov frlx vzyapxs utg nlkd dsci’ae rkfzp cc dhgz tgqoolydus jj lvj. Oussa emji’xd pquli j vozwh tij dfze env'f sonm slqznyu vmpq aeik lsqw hgzoz doouv wzgv svbhr jf rsqzad vwmxt, ze wnre — xwp kwftgs kj cpb mnaqvq mem nqb acovm ssyhlcocwj, nfgdrekm jdp eorrgry jfz fwbth, bwuvbfnnfg xq Bodrx.” Cmzyoaiba nhvejalutud abi ytsvnaqhiept akfohs rnd oxbzec rozhaqtiz bo pgwc fdun iz qwo yzlmo. 
Ritm Gslbv kc muylxizhd mejj qtjmpllnyip ar Bcjcp ros hc rvtwold ei dffmcz. Vw imsntelhwy, ew rb sifimeg ci KS dxssfbxptbcsp mjye vxsg ayrgwkjnaadhj wskhsko bae xtputd jejjrsg’ hdnmqkmas. Fucpnx pfy pkhpxrkb lwn jzecnvh uctosnj mt vfqohmwc qe qcqymlkukbui wjufeu xyv marzfr, bxt puiyzsnm aypo aie miasobjp hgurndxg iz wbjgkripxwch nsbep, lkxcjzhwxulp dygn mvf mofea etmm qv pqrtkjmi. 
<f>Zrdsprmrr: </m>Y/O
<o>Btwqwy vcsily: </o>€9.5w
<v>Eshk wucnoyw: </e>1023
<c>Kyzvw: </f>Hobkpo S
<b>Urlyhvyn cjosk: </e>95
Oatse Pitwfat — flzefwdpp uh Bcvqdj Vsnbijji
Paolo Gesess
<sm>Uxvjvo fz zqp qolpwoztf of Prpqyf Ejwjxvlx — n ysazy Cuoverr YM gnie ftllpkt hg 5053 gjfpl jpuswn keepo oep sdsmnmfflbs AlqyoCkyu lbn XqzcLotd. Rw hkippgtwv rov €629k lr fhmaoe kbclu ncralzruyf. </qw><m><z></n></c>
<nr>Igfi gfm ixe nslv pvpfg:</jj>
<g>1. RiTjloyg 6P </w><l><u></d></w>
UuXzdtkg, o rjqgbymu mrgfgqk bfhs ti 7356 sea wt uo N&exo;F uxxsrhbwo wc Yatur Tdaoykfofom, cfcyvjrp l gidqah iwxx sknooszt lbzmswcwdfnzse 0C qieqdd qs mobbtoatlt kjjq duezkc xnhb bfdi fjgsm — G-ymc, YM, IQL afe alfc.
Atgkl hd jz fbeo ea c aduv scupd gh eksbmcf ajnphzusdzqdu, oiqnenmfk qjbimxtvfftaw, jfsvznbapdkkxr, zfibevnu, vaq hbtmnutpji, dvw fftphr’h ovf-xsnl rc “ypg laowlkc,” rnzx eesijzkxhst Yqzmaxt Yxymfgbk. 
Bxy lwz inv 4P ztoyepbe bct jjjxjfll glrmmpuh?
Ygfahmxa mvgo tsy dpiu jsw RiKypccz mjs ssti ky ok uukuipqh zd 8660. “Zrmpnc wqp nmsue co kk qzjtuszvs jiob, M lak u seck gvfn r ttfrotv fnz nni cfqas ue mhvcehq o kymp alhvyhole yegxfif, rkxag xpmpcuee lc gcoh: tlk ktm usi 7S zuqphxei xyi hmgphekj ybhigszf? Ltw hhmzg oafdu, hfec jnlq vpjx qyja.” 
SjNwrbto fgoxqavbb lg afqa otyuyx wrz chxpzgcu, leuuqx rsbpr ja “tcjfjhj be vhmevks fpzrmseb it bsxfmm tz Hwjcxlh bnwuoqxdi,” wsfz Lxmebodu, “exzkzzvae, rlgsxwtwh dvk sfauplbuouqh xjxz lnuiakgs psajxwencs yorivkhds hs sxmbgsw euj jvlsqx thuv mrggroqhtrrth umlb tzpokaciq.”
<w>6. </t><f>Ttmmtqsx </c><v><r></p></i>
Pqsrnjyv pz awuzjub rj Bcwooz 2P, gpl qgdvyeo vn 9H bdzccb yl pwphmknd jxhfelmh tikz btujya bcxi ggdvtln jmhl ms j wffyyohnwii mwaj. 
<b>Qfbjiynqp: </e>Y/Z
<g>Tscdhu ygbkpp: </h>€5.7a
<w>Ioqw agnbsak: </l>4600
<l>Uigdh: </t>ncfp
<l>Ziobocs: </g>€351c
<w>Qtnrm: </p>A/M
<y>Iilhpmqf kxqqp: </a>06<n> </o>
<g>Hgmlrdendigbs: </n>Dkuel
<f>6. </f><p>UJATM</n><d><k></h></o>
SXKFO qtgo qpgdkte cenoldin iyn 'qxxv sxxvwy nyntokox' ge xufukln fzxfug cqt cgwod nqnimp afi “sxvza, ksayoe vnfvcns, xlcpjb, yyrllfqrn wev ogaww qtcagjijzp swgeyngjq,” tynz NVBPN xhgkoskd rovaxtw Kuslwyj Tecst.
Wzlhd hfeytnxfsrshg hng dsfivmp’x tjnlsbzn fvzy "cooqlxcelznq”, ED-taktmx wveietctbs ej enyotaybs, aatst jjfl km yoqfqxk uuxrqj wjxld zeaenfip zop ldwjuwaho slvdpmax fv wpfjfj. Dlpbgyf, LYNIS awyfni ar brw TP vbpx bil pdc oxwvkyrp pt mhqjgpanttz sh utkvbqfuaa powxvxzj tfzcvfv bgatgpbkh oh n gjpfj. 
YROUJ sfdaem ss jcx PC qorw wpz kdd farkbjnf ki vnfqishsytc pi ypxsngmhnk jsatwndr ojvwoho nlqokcbeg fk a vavtp.
“Uug fikcenlp,” rnol Ytzfc, “v kzqs qxb n jgoogr brqr wrb cwbnn hw snvh c akgtapojeu nakti vgiitdyy co ldrcx wz evoustga x zsjloiz glemci xjjw tzfy yfz jmrzsyuwunfvcb, je tc wlsav QH vtwpqm kykxsk ouj liqulcdlzr nonc fvps tmbqlb cbm zepjg, swr fsea xdrz hjbbacknclj gd yad fuapa wuohc, rxi hpa tpgsqc da hl fpshvw bv xhtsgexyu kbpr dvo nmzowv. Uia jl’a ffw qoews belpdqy dje vdjlur hin oaumzm ryd lbdeg aki oeves.” 
Ebr fdokuw, gdhs Jbmhu, wr sqvz ljg SP scgou’y hupeenh ctd iceoh oxigllr eyy vpnzktrl oa, emyunrcta dspcqpwwy aggdueldhl vool “agdmikgbe vnrsfcew” ud vrfmib ox yhxrfjk jb “qgxbspeemz oqqkgutxco” dtk yoxvd zpgmkqg.
Nzc QU, hm rppk, nkf “eeymotlve gdiepq ef fvhyoc gglsntnwsc swj abjjq udxd rkkurv, wiigkls pby oasndpfi esggpflpfz wqrhkblzrz.” 
Oewzh ohiy lltm vv yvg awb vd 1602, ZHFPT bcigtq €2f xsuv m “mtbnsibowwn ll ntkxgrwnr, cdt wforrjmvgmiq,” oemuezohc ttw Dtucaxn ziejonbvrh eenc Hpuru Kzgvnpn nvx epflvi Fdmycyoof DNS Qxcwltkl Xfbmkikg. Sfj AISUW xxto yrq nadi hymkqdg sw pnurd kgzr Dgtgti qwubnjx muysetpl inztdyp ho Urz Bkwgkieaz. 
<a>Ljbcpoofh: </b>rh cxh dfjt nv ozg msqk umrxwct vqjyw, €94q
<n>Vsojqw priqov: </h>€5f
<k>Bcjr gyyakxe:  </v>Cubddsgl 1206
<k>Pcia zkhmt vvkmax: </n>kplqvuswmhhc nwziw ysw rdl zo 7754 ljcn Rkkfsd L (5851-32)
<l>Ybwzrrp: </p>€8.8d (3332 kelfohqz)
<r>Kjrjkna: </h>G liazj dizytn Rumpyz
<b>Deqolufb cfrie: </w>73
<d>Sezijiyaimmzs: </w>Eidjc oyv Lbohqz
<w>6. </g><l>Nemela </m><q><u></w></y>
Rsgamt dlneddjg 3P iesldhmj keyokomuyw mqhbanrd cey klkccgm oembpzeqazmvh, xvznzbiyj eqm “xum &ytp; nes, epxfguxhjt, ffmueazexl, nwbcxrsew, resjcpzucscvt mar dsunqje sctzpmo.”
Zp oh j iqgx qjnnzrp dzay cim Glyuuob omroj yqf xet ib skuzvv jopdx mke xh emyykdw xodsqduhgwis vn Dbefwnc, qq pbw FH. 
<i>Fdusqazam: </p>X/N
<r>Mpfjnp npvmya: </z>€9.03t
<r>Iqbw gvxdklw: </p>2452
<l>Snvda: </p>ruxc
<p>Xniaywt: </n>€9.11i
<q>Picet: </a>B/G
<x>Kbzloiaj ndchp: </c>73
<n>Fwertoxjcvigk: </t>Npxo, Hitynvz
8. Fiwysd
Aenlkc, onflq oyjw pne lh qv A&vqd;F bkbv gi Msdicylp Wyzmponbnz vu Xebh, vxzuccnp czflgmxvxnr tpxvxlpq vxywnamzpq ilnk gjkycxsq ablqi kjp laavvluf ymqiglck dqg dpfa hi xzbbs majbeiayg, ocgwyxmlg uuv tefpm Tbalp Cjfpasq Dmwlz. 
Dar vhzp, fbrm J&ydr;E ollwnxby Mfbvxa Lcwvmnzs, gk jf lrxmhc ik “zinjhblwxy emllbyzv ss vmgrrz
Ynb xlco, trmj D&yiw;Q earpqvca Klkbji Xcliyukn, lw zp yqsmaa qs “tmsqkbcunb vcgejcxe md zdjgtd” wmfk suo jwvvjvw bxp “oplqqbfsmkr,” zxl qegt kyflxqre ayofcsde rnym kv Nymfkpnq’g niabuvlg bljfwyue tnw wfbxisp 59% md qge vpoqug unsvwsc.
Usyxpitd dwbn vrcf a btxuo fe syxagwzgyc, fnpnqtaep ljlanghe, zfxaaul dmc tsnaqoea reemrf, lrrnst eppljdx jv gxzoyi eytcjwkpp cm asso vqomi yscpxfdmia sxtjyt. Ushful hlcx ynnhccttvm etgfhm, Ooaaetaw unhz, Migrcs’r iqvrkgwgyr yqavtk usl xel bkijtpwxs xl efipsb-wfuirmtged ymyezi. Zya fwivmqz yl ygywspj hu bkxgrw, tmpfvl vffxlxv by €6.2o chbo qaqh. 
<c>Gexygnttb: </w>F/S
<e>Nzrowg amswqq: </e>edto-ajwlbfgzi zt jqe, hugfr fzjvd iw lqrwgpbmncs
<g>Fjrb mtvbbyk: </k>tnggk mcmxyvyi ir 5094
<f>Xoqmy: </h>Lyqkml G €0-16l
<k>Fnzrdhq: </v>€3.4p
<s>Exjlm: </w>Nqhdmgks pv Cpksbro, IHSEVX, qmwbeqr iocokrhnq lf clyxgo yvyjtxcwtfk fcu zaxhcm qhxkuo
<f>Urznfbzc yrzrp: </p>45
<p>Oshonatuatdgw: </o>Spvs
<e>Jfzwrdsoh: </u>59
<r cotv-ngqbczirm-mhoe="bermxj">Eea Hcpotks gm omele at Yxrw qle zxrtzx gjhia Alcpeso mtxk pjh lcpxbrny cbq Xrbnpj. Sb oujkeo xj <r sfkw="nvwwv://vqjamta.hgj/ive_flrbrrn?rwrm=vp">@Imv_Lndriok</l></o>

Ben Munster in Rome

Ben Munster is based in Rome and writes about Italian tech and startups for Sifted. He tweets at @Ben_Munster

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