WEBVTT

00:00:02.800 --> 00:00:05.510 align:start position:0%
<00:00:02.800>Welcome <00:00:03.033>everyone <00:00:03.266>to <00:00:03.500>our <00:00:03.733>last <00:00:03.966>session <00:00:04.199>for

00:00:05.510 --> 00:00:05.520 align:start position:0%
<00:00:05.510>Welcome <00:00:05.511>everyone <00:00:05.513>to <00:00:05.514>our <00:00:05.516>last <00:00:05.517>session <00:00:05.518>for

00:00:05.520 --> 00:00:06.510 align:start position:0%
<00:00:05.520>Welcome <00:00:05.647>everyone <00:00:05.774>to <00:00:05.901>our <00:00:06.029>last <00:00:06.156>session <00:00:06.283>for <00:00:06.411>today.

00:00:06.510 --> 00:00:06.520 align:start position:0%
today.

00:00:06.520 --> 00:00:09.030 align:start position:0%
<00:00:06.520>today. <00:00:06.694>So, <00:00:06.869>we <00:00:07.045>close <00:00:07.220>this <00:00:07.395>year's <00:00:07.569>uh <00:00:07.744>Tech <00:00:07.920>Leader

00:00:09.030 --> 00:00:09.040 align:start position:0%
<00:00:09.030>So, <00:00:09.031>we <00:00:09.032>close <00:00:09.033>this <00:00:09.035>year's <00:00:09.036>uh <00:00:09.037>Tech <00:00:09.039>Leader

00:00:09.040 --> 00:00:11.470 align:start position:0%
<00:00:09.040>So, <00:00:09.147>we <00:00:09.255>close <00:00:09.363>this <00:00:09.470>year's <00:00:09.578>uh <00:00:09.686>Tech <00:00:09.793>Leader <00:00:09.901>stage <00:00:10.009>with <00:00:10.116>the <00:00:10.224>argument <00:00:10.332>Europe <00:00:10.440>cannot

00:00:11.470 --> 00:00:11.480 align:start position:0%
<00:00:11.470>stage <00:00:11.471>with <00:00:11.473>the <00:00:11.475>argument <00:00:11.477>Europe <00:00:11.479>cannot

00:00:11.480 --> 00:00:12.710 align:start position:0%
<00:00:11.480>stage <00:00:11.664>with <00:00:11.849>the <00:00:12.033>argument <00:00:12.218>Europe <00:00:12.402>cannot <00:00:12.587>settle.

00:00:12.710 --> 00:00:12.720 align:start position:0%
settle.

00:00:12.720 --> 00:00:15.430 align:start position:0%
<00:00:12.720>settle. <00:00:12.920>Are <00:00:13.120>our <00:00:13.320>rules <00:00:13.520>blamed <00:00:13.720>for <00:00:13.920>slowing <00:00:14.120>our

00:00:15.430 --> 00:00:15.440 align:start position:0%
<00:00:15.430>Are <00:00:15.431>our <00:00:15.433>rules <00:00:15.434>blamed <00:00:15.436>for <00:00:15.437>slowing <00:00:15.439>our

00:00:15.440 --> 00:00:16.390 align:start position:0%
<00:00:15.440>Are <00:00:15.562>our <00:00:15.684>rules <00:00:15.806>blamed <00:00:15.928>for <00:00:16.050>slowing <00:00:16.172>our <00:00:16.295>tech

00:00:16.390 --> 00:00:16.400 align:start position:0%
tech

00:00:16.400 --> 00:00:19.550 align:start position:0%
<00:00:16.400>tech <00:00:16.633>sector <00:00:16.866>down? <00:00:17.099>Others <00:00:17.333>argue <00:00:17.566>could <00:00:17.799>become

00:00:19.550 --> 00:00:19.560 align:start position:0%
<00:00:19.550>sector <00:00:19.551>down? <00:00:19.553>Others <00:00:19.555>argue <00:00:19.557>could <00:00:19.558>become

00:00:19.560 --> 00:00:22.150 align:start position:0%
<00:00:19.560>sector <00:00:19.700>down? <00:00:19.840>Others <00:00:19.979>argue <00:00:20.119>could <00:00:20.259>become <00:00:20.400>this <00:00:20.540>could <00:00:20.680>become <00:00:20.820>our <00:00:20.959>edge.

00:00:22.150 --> 00:00:22.160 align:start position:0%
<00:00:22.150>this <00:00:22.152>could <00:00:22.154>become <00:00:22.156>our <00:00:22.159>edge.

00:00:22.160 --> 00:00:25.670 align:start position:0%
<00:00:22.160>this <00:00:22.300>could <00:00:22.440>become <00:00:22.580>our <00:00:22.720>edge. <00:00:22.860>The <00:00:23.000>only <00:00:23.140>place <00:00:23.280>where <00:00:23.420>trustworthy <00:00:23.560>AI

00:00:25.670 --> 00:00:25.680 align:start position:0%
<00:00:25.670>The <00:00:25.671>only <00:00:25.673>place <00:00:25.675>where <00:00:25.677>trustworthy <00:00:25.679>AI

00:00:25.680 --> 00:00:27.110 align:start position:0%
<00:00:25.680>The <00:00:25.863>only <00:00:26.047>place <00:00:26.231>where <00:00:26.415>trustworthy <00:00:26.599>AI <00:00:26.783>is <00:00:26.967>actually

00:00:27.110 --> 00:00:27.120 align:start position:0%
<00:00:27.110>is <00:00:27.119>actually

00:00:27.120 --> 00:00:29.550 align:start position:0%
<00:00:27.120>is <00:00:27.400>actually <00:00:27.680>being <00:00:27.960>enforced <00:00:28.240>is <00:00:28.520>here.

00:00:29.550 --> 00:00:29.560 align:start position:0%
<00:00:29.550>being <00:00:29.553>enforced <00:00:29.556>is <00:00:29.558>here.

00:00:29.560 --> 00:00:32.429 align:start position:0%
<00:00:29.560>being <00:00:29.715>enforced <00:00:29.871>is <00:00:30.026>here. <00:00:30.182>This <00:00:30.337>final <00:00:30.493>panel <00:00:30.648>takes <00:00:30.804>this <00:00:30.959>paradox

00:00:32.429 --> 00:00:32.439 align:start position:0%
<00:00:32.429>This <00:00:32.430>final <00:00:32.432>panel <00:00:32.434>takes <00:00:32.436>this <00:00:32.438>paradox

00:00:32.439 --> 00:00:33.550 align:start position:0%
<00:00:32.439>This <00:00:32.605>final <00:00:32.772>panel <00:00:32.938>takes <00:00:33.105>this <00:00:33.272>paradox <00:00:33.438>head-on.

00:00:33.550 --> 00:00:33.560 align:start position:0%
head-on.

00:00:33.560 --> 00:00:35.590 align:start position:0%
<00:00:33.560>head-on. <00:00:33.840>Please <00:00:34.120>welcome <00:00:34.400>Katerina, <00:00:34.680>head <00:00:34.960>of

00:00:35.590 --> 00:00:35.600 align:start position:0%
<00:00:35.590>Please <00:00:35.592>welcome <00:00:35.594>Katerina, <00:00:35.596>head <00:00:35.599>of

00:00:35.600 --> 00:00:37.950 align:start position:0%
<00:00:35.600>Please <00:00:35.755>welcome <00:00:35.911>Katerina, <00:00:36.066>head <00:00:36.222>of <00:00:36.377>Innovation <00:00:36.533>and <00:00:36.688>Technology, <00:00:36.844>leading <00:00:37.000>this

00:00:37.950 --> 00:00:37.960 align:start position:0%
<00:00:37.950>Innovation <00:00:37.952>and <00:00:37.954>Technology, <00:00:37.956>leading <00:00:37.959>this

00:00:37.960 --> 00:00:39.230 align:start position:0%
<00:00:37.960>Innovation <00:00:38.188>and <00:00:38.417>Technology, <00:00:38.645>leading <00:00:38.874>this <00:00:39.102>panel.

00:00:39.230 --> 00:00:39.240 align:start position:0%
panel.

00:00:39.240 --> 00:00:40.870 align:start position:0%
<00:00:39.240>panel. <00:00:39.940>Thomas <00:00:40.640>Ericsson,

00:00:40.870 --> 00:00:40.880 align:start position:0%
<00:00:40.870>Thomas <00:00:40.879>Ericsson,

00:00:40.880 --> 00:00:43.470 align:start position:0%
<00:00:40.880>Thomas <00:00:41.113>Ericsson, <00:00:41.346>CEO <00:00:41.580>and <00:00:41.813>founder <00:00:42.046>of <00:00:42.280>Sasha.

00:00:43.470 --> 00:00:43.480 align:start position:0%
<00:00:43.470>CEO <00:00:43.472>and <00:00:43.474>founder <00:00:43.476>of <00:00:43.479>Sasha.

00:00:43.480 --> 00:00:45.270 align:start position:0%
<00:00:43.480>CEO <00:00:43.713>and <00:00:43.946>founder <00:00:44.180>of <00:00:44.413>Sasha. <00:00:44.646>Jacob, <00:00:44.879>CEO

00:00:45.270 --> 00:00:45.280 align:start position:0%
<00:00:45.270>Jacob, <00:00:45.279>CEO

00:00:45.280 --> 00:00:49.230 align:start position:0%
<00:00:45.280>Jacob, <00:00:45.480>CEO <00:00:45.680>uh <00:00:45.880>of <00:00:46.080>Notary <00:00:46.280>Pretty. <00:00:46.480>And <00:00:46.680>Andreas,

00:00:49.230 --> 00:00:49.240 align:start position:0%
<00:00:49.230>uh <00:00:49.231>of <00:00:49.233>Notary <00:00:49.235>Pretty. <00:00:49.237>And <00:00:49.239>Andreas,

00:00:49.240 --> 00:00:53.070 align:start position:0%
<00:00:49.240>uh <00:00:49.367>of <00:00:49.494>Notary <00:00:49.621>Pretty. <00:00:49.749>And <00:00:49.876>Andreas, <00:00:50.003>founder <00:00:50.130>of <00:00:50.258>the <00:00:50.385>company <00:00:50.512>Prototype. <00:00:50.640>Please

00:00:53.070 --> 00:00:53.080 align:start position:0%
<00:00:53.070>founder <00:00:53.071>of <00:00:53.073>the <00:00:53.075>company <00:00:53.077>Prototype. <00:00:53.079>Please

00:00:53.080 --> 00:00:53.990 align:start position:0%
<00:00:53.080>founder <00:00:53.196>of <00:00:53.314>the <00:00:53.431>company <00:00:53.548>Prototype. <00:00:53.665>Please <00:00:53.782>applause <00:00:53.899>for

00:00:53.990 --> 00:00:54.000 align:start position:0%
<00:00:53.990>applause <00:00:53.999>for

00:00:54.000 --> 00:00:58.790 align:start position:0%
<00:00:54.000>applause <00:00:54.233>for <00:00:54.466>round <00:00:54.700>of <00:00:54.933>applause <00:00:55.166>for <00:00:55.400>everyone.

00:00:58.800 --> 00:01:02.910 align:start position:0%
<00:00:58.800>&gt;&gt; <00:00:59.150>Thank <00:00:59.500>you <00:00:59.849>so <00:01:00.199>much.

00:01:02.920 --> 00:01:09.030 align:start position:0%
<00:01:02.920>Have <00:01:03.386>a <00:01:03.853>seat, <00:01:04.320>guys.

00:01:09.040 --> 00:01:12.190 align:start position:0%
<00:01:09.039>And <00:01:09.273>hello <00:01:09.506>everybody. <00:01:09.740>Thank <00:01:09.973>you <00:01:10.206>to <00:01:10.440>being

00:01:12.190 --> 00:01:12.200 align:start position:0%
<00:01:12.190>And <00:01:12.191>hello <00:01:12.193>everybody. <00:01:12.194>Thank <00:01:12.196>you <00:01:12.197>to <00:01:12.199>being

00:01:12.200 --> 00:01:14.630 align:start position:0%
<00:01:12.200>And <00:01:12.307>hello <00:01:12.415>everybody. <00:01:12.523>Thank <00:01:12.630>you <00:01:12.738>to <00:01:12.846>being <00:01:12.953>here <00:01:13.061>on <00:01:13.169>our <00:01:13.276>session <00:01:13.384>on <00:01:13.492>Friday <00:01:13.600>afternoon.

00:01:14.630 --> 00:01:14.640 align:start position:0%
<00:01:14.630>here <00:01:14.631>on <00:01:14.633>our <00:01:14.634>session <00:01:14.636>on <00:01:14.637>Friday <00:01:14.639>afternoon.

00:01:14.640 --> 00:01:15.230 align:start position:0%
<00:01:14.640>here <00:01:14.715>on <00:01:14.791>our <00:01:14.867>session <00:01:14.943>on <00:01:15.019>Friday <00:01:15.095>afternoon. <00:01:15.171>Um

00:01:15.230 --> 00:01:15.240 align:start position:0%
Um

00:01:15.240 --> 00:01:16.990 align:start position:0%
<00:01:15.240>Um <00:01:15.414>we're <00:01:15.589>very <00:01:15.765>happy <00:01:15.940>that <00:01:16.115>you're <00:01:16.289>here <00:01:16.464>at <00:01:16.640>the

00:01:16.990 --> 00:01:17.000 align:start position:0%
<00:01:16.990>we're <00:01:16.991>very <00:01:16.992>happy <00:01:16.993>that <00:01:16.995>you're <00:01:16.996>here <00:01:16.997>at <00:01:16.999>the

00:01:17.000 --> 00:01:19.350 align:start position:0%
<00:01:17.000>we're <00:01:17.127>very <00:01:17.254>happy <00:01:17.381>that <00:01:17.509>you're <00:01:17.636>here <00:01:17.763>at <00:01:17.890>the <00:01:18.018>session <00:01:18.145>Europe <00:01:18.272>regulatory <00:01:18.400>paradox

00:01:19.350 --> 00:01:19.360 align:start position:0%
<00:01:19.350>session <00:01:19.353>Europe <00:01:19.356>regulatory <00:01:19.359>paradox

00:01:19.360 --> 00:01:21.630 align:start position:0%
<00:01:19.360>session <00:01:19.560>Europe <00:01:19.760>regulatory <00:01:19.960>paradox <00:01:20.160>burden, <00:01:20.360>barrier, <00:01:20.560>or <00:01:20.760>competitive

00:01:21.630 --> 00:01:21.640 align:start position:0%
<00:01:21.630>burden, <00:01:21.633>barrier, <00:01:21.636>or <00:01:21.639>competitive

00:01:21.640 --> 00:01:24.590 align:start position:0%
<00:01:21.640>burden, <00:01:21.780>barrier, <00:01:21.920>or <00:01:22.060>competitive <00:01:22.200>advantage. <00:01:22.340>And <00:01:22.480>yeah, <00:01:22.620>I'm <00:01:22.760>happy <00:01:22.900>that <00:01:23.040>you

00:01:24.590 --> 00:01:24.600 align:start position:0%
<00:01:24.590>advantage. <00:01:24.591>And <00:01:24.593>yeah, <00:01:24.594>I'm <00:01:24.596>happy <00:01:24.597>that <00:01:24.598>you

00:01:24.600 --> 00:01:26.390 align:start position:0%
<00:01:24.600>advantage. <00:01:24.707>And <00:01:24.815>yeah, <00:01:24.923>I'm <00:01:25.030>happy <00:01:25.138>that <00:01:25.246>you <00:01:25.353>guys <00:01:25.461>are <00:01:25.569>here <00:01:25.676>and <00:01:25.784>discussing <00:01:25.892>with <00:01:26.000>me.

00:01:26.390 --> 00:01:26.400 align:start position:0%
<00:01:26.390>guys <00:01:26.391>are <00:01:26.393>here <00:01:26.394>and <00:01:26.396>discussing <00:01:26.397>with <00:01:26.399>me.

00:01:26.400 --> 00:01:27.830 align:start position:0%
<00:01:26.400>guys <00:01:26.491>are <00:01:26.583>here <00:01:26.675>and <00:01:26.767>discussing <00:01:26.859>with <00:01:26.951>me. <00:01:27.043>But <00:01:27.135>just <00:01:27.227>a <00:01:27.319>minute, <00:01:27.411>I <00:01:27.503>have <00:01:27.595>to <00:01:27.687>say

00:01:27.830 --> 00:01:27.840 align:start position:0%
<00:01:27.830>But <00:01:27.831>just <00:01:27.832>a <00:01:27.833>minute, <00:01:27.835>I <00:01:27.836>have <00:01:27.837>to <00:01:27.839>say

00:01:27.840 --> 00:01:30.110 align:start position:0%
<00:01:27.840>But <00:01:27.933>just <00:01:28.026>a <00:01:28.120>minute, <00:01:28.213>I <00:01:28.306>have <00:01:28.400>to <00:01:28.493>say <00:01:28.586>something <00:01:28.680>to <00:01:28.773>say. <00:01:28.866>So, <00:01:28.960>at <00:01:29.053>first, <00:01:29.146>let <00:01:29.240>me

00:01:30.110 --> 00:01:30.120 align:start position:0%
<00:01:30.110>something <00:01:30.111>to <00:01:30.112>say. <00:01:30.113>So, <00:01:30.115>at <00:01:30.116>first, <00:01:30.117>let <00:01:30.119>me

00:01:30.120 --> 00:01:31.990 align:start position:0%
<00:01:30.120>something <00:01:30.227>to <00:01:30.335>say. <00:01:30.443>So, <00:01:30.550>at <00:01:30.658>first, <00:01:30.766>let <00:01:30.873>me <00:01:30.981>My <00:01:31.089>name <00:01:31.196>is <00:01:31.304>Katerina <00:01:31.412>Schneeberger. <00:01:31.520>I'm

00:01:31.990 --> 00:01:32.000 align:start position:0%
<00:01:31.990>My <00:01:31.991>name <00:01:31.993>is <00:01:31.995>Katerina <00:01:31.997>Schneeberger. <00:01:31.999>I'm

00:01:32.000 --> 00:01:33.270 align:start position:0%
<00:01:32.000>My <00:01:32.095>name <00:01:32.190>is <00:01:32.285>Katerina <00:01:32.381>Schneeberger. <00:01:32.476>I'm <00:01:32.571>head <00:01:32.666>of <00:01:32.762>Innovation <00:01:32.857>and <00:01:32.952>Technology <00:01:33.047>at <00:01:33.143>the

00:01:33.270 --> 00:01:33.280 align:start position:0%
<00:01:33.270>head <00:01:33.271>of <00:01:33.273>Innovation <00:01:33.274>and <00:01:33.276>Technology <00:01:33.277>at <00:01:33.279>the

00:01:33.280 --> 00:01:36.390 align:start position:0%
<00:01:33.280>head <00:01:33.387>of <00:01:33.495>Innovation <00:01:33.603>and <00:01:33.710>Technology <00:01:33.818>at <00:01:33.926>the <00:01:34.033>BVDW. <00:01:34.141>This <00:01:34.249>is <00:01:34.356>the <00:01:34.464>German <00:01:34.572>Association <00:01:34.680>for

00:01:36.390 --> 00:01:36.400 align:start position:0%
<00:01:36.390>BVDW. <00:01:36.391>This <00:01:36.393>is <00:01:36.394>the <00:01:36.396>German <00:01:36.397>Association <00:01:36.399>for

00:01:36.400 --> 00:01:38.630 align:start position:0%
<00:01:36.400>BVDW. <00:01:36.516>This <00:01:36.633>is <00:01:36.750>the <00:01:36.866>German <00:01:36.983>Association <00:01:37.100>for <00:01:37.216>the <00:01:37.333>Digital <00:01:37.450>Economy. <00:01:37.566>And <00:01:37.683>there <00:01:37.800>I'm

00:01:38.630 --> 00:01:38.640 align:start position:0%
<00:01:38.630>the <00:01:38.631>Digital <00:01:38.633>Economy. <00:01:38.635>And <00:01:38.637>there <00:01:38.639>I'm

00:01:38.640 --> 00:01:40.030 align:start position:0%
<00:01:38.640>the <00:01:38.779>Digital <00:01:38.918>Economy. <00:01:39.057>And <00:01:39.196>there <00:01:39.335>I'm <00:01:39.474>leading <00:01:39.613>the <00:01:39.752>Future <00:01:39.891>Innovation

00:01:40.030 --> 00:01:40.040 align:start position:0%
<00:01:40.030>leading <00:01:40.033>the <00:01:40.036>Future <00:01:40.038>Innovation

00:01:40.040 --> 00:01:42.030 align:start position:0%
<00:01:40.039>leading <00:01:40.167>the <00:01:40.294>Future <00:01:40.421>Innovation <00:01:40.549>Department. <00:01:40.676>And <00:01:40.803>at <00:01:40.930>the <00:01:41.058>moment, <00:01:41.185>AI <00:01:41.312>is <00:01:41.440>by

00:01:42.030 --> 00:01:42.040 align:start position:0%
<00:01:42.030>Department. <00:01:42.031>And <00:01:42.032>at <00:01:42.033>the <00:01:42.035>moment, <00:01:42.036>AI <00:01:42.037>is <00:01:42.038>by

00:01:42.040 --> 00:01:43.950 align:start position:0%
<00:01:42.039>Department. <00:01:42.139>And <00:01:42.240>at <00:01:42.339>the <00:01:42.440>moment, <00:01:42.539>AI <00:01:42.639>is <00:01:42.740>by <00:01:42.839>by <00:01:42.940>far <00:01:43.039>the <00:01:43.139>biggest <00:01:43.240>topic <00:01:43.339>we're <00:01:43.440>working

00:01:43.950 --> 00:01:43.960 align:start position:0%
<00:01:43.950>by <00:01:43.951>far <00:01:43.953>the <00:01:43.954>biggest <00:01:43.956>topic <00:01:43.957>we're <00:01:43.959>working

00:01:43.960 --> 00:01:44.830 align:start position:0%
<00:01:43.960>by <00:01:44.071>far <00:01:44.183>the <00:01:44.295>biggest <00:01:44.407>topic <00:01:44.519>we're <00:01:44.631>working <00:01:44.743>on.

00:01:44.830 --> 00:01:44.840 align:start position:0%
on.

00:01:44.840 --> 00:01:46.470 align:start position:0%
<00:01:44.840>on. <00:01:44.995>And <00:01:45.151>this <00:01:45.306>topic <00:01:45.462>is <00:01:45.617>really <00:01:45.773>at <00:01:45.928>the <00:01:46.084>heart <00:01:46.240>of

00:01:46.470 --> 00:01:46.480 align:start position:0%
<00:01:46.470>And <00:01:46.471>this <00:01:46.472>topic <00:01:46.473>is <00:01:46.474>really <00:01:46.475>at <00:01:46.476>the <00:01:46.477>heart <00:01:46.478>of

00:01:46.480 --> 00:01:48.390 align:start position:0%
<00:01:46.479>And <00:01:46.579>this <00:01:46.679>topic <00:01:46.779>is <00:01:46.880>really <00:01:46.979>at <00:01:47.079>the <00:01:47.179>heart <00:01:47.279>of <00:01:47.380>what <00:01:47.479>we're <00:01:47.579>seeing <00:01:47.679>across <00:01:47.779>the <00:01:47.880>Digital

00:01:48.390 --> 00:01:48.400 align:start position:0%
<00:01:48.390>what <00:01:48.391>we're <00:01:48.393>seeing <00:01:48.395>across <00:01:48.397>the <00:01:48.399>Digital

00:01:48.400 --> 00:01:50.390 align:start position:0%
<00:01:48.400>what <00:01:48.516>we're <00:01:48.633>seeing <00:01:48.750>across <00:01:48.866>the <00:01:48.983>Digital <00:01:49.100>Economy <00:01:49.216>right <00:01:49.333>now. <00:01:49.450>Europe <00:01:49.566>wants <00:01:49.683>to <00:01:49.800>be

00:01:50.390 --> 00:01:50.400 align:start position:0%
<00:01:50.390>Economy <00:01:50.391>right <00:01:50.393>now. <00:01:50.394>Europe <00:01:50.396>wants <00:01:50.397>to <00:01:50.399>be

00:01:50.400 --> 00:01:53.310 align:start position:0%
<00:01:50.400>Economy <00:01:50.516>right <00:01:50.633>now. <00:01:50.750>Europe <00:01:50.866>wants <00:01:50.983>to <00:01:51.100>be <00:01:51.216>global <00:01:51.333>pace <00:01:51.450>for <00:01:51.566>innovation, <00:01:51.683>AI, <00:01:51.800>for

00:01:53.310 --> 00:01:53.320 align:start position:0%
<00:01:53.310>global <00:01:53.311>pace <00:01:53.313>for <00:01:53.315>innovation, <00:01:53.317>AI, <00:01:53.318>for

00:01:53.320 --> 00:01:55.310 align:start position:0%
<00:01:53.320>global <00:01:53.447>pace <00:01:53.574>for <00:01:53.701>innovation, <00:01:53.829>AI, <00:01:53.956>for <00:01:54.083>frontier <00:01:54.210>tech, <00:01:54.338>for <00:01:54.465>new <00:01:54.592>business <00:01:54.720>model.

00:01:55.310 --> 00:01:55.320 align:start position:0%
<00:01:55.310>frontier <00:01:55.311>tech, <00:01:55.313>for <00:01:55.315>new <00:01:55.317>business <00:01:55.318>model.

00:01:55.320 --> 00:01:57.310 align:start position:0%
<00:01:55.320>frontier <00:01:55.436>tech, <00:01:55.553>for <00:01:55.669>new <00:01:55.786>business <00:01:55.903>model. <00:01:56.020>At <00:01:56.136>the <00:01:56.253>same <00:01:56.369>time, <00:01:56.486>Europe <00:01:56.603>is <00:01:56.720>also

00:01:57.310 --> 00:01:57.320 align:start position:0%
<00:01:57.310>At <00:01:57.311>the <00:01:57.313>same <00:01:57.314>time, <00:01:57.316>Europe <00:01:57.317>is <00:01:57.318>also

00:01:57.320 --> 00:01:59.430 align:start position:0%
<00:01:57.320>At <00:01:57.436>the <00:01:57.553>same <00:01:57.669>time, <00:01:57.786>Europe <00:01:57.903>is <00:01:58.020>also <00:01:58.136>building <00:01:58.253>one <00:01:58.369>of <00:01:58.486>the <00:01:58.603>most <00:01:58.720>ambitious

00:01:59.430 --> 00:01:59.440 align:start position:0%
<00:01:59.430>building <00:01:59.431>one <00:01:59.433>of <00:01:59.435>the <00:01:59.437>most <00:01:59.439>ambitious

00:01:59.440 --> 00:02:01.030 align:start position:0%
<00:01:59.440>building <00:01:59.580>one <00:01:59.720>of <00:01:59.860>the <00:02:00.000>most <00:02:00.140>ambitious <00:02:00.280>regulatory <00:02:00.420>environments <00:02:00.560>in <00:02:00.700>the <00:02:00.840>world

00:02:01.030 --> 00:02:01.040 align:start position:0%
<00:02:01.030>regulatory <00:02:01.032>environments <00:02:01.034>in <00:02:01.036>the <00:02:01.039>world

00:02:01.040 --> 00:02:02.790 align:start position:0%
<00:02:01.040>regulatory <00:02:01.273>environments <00:02:01.506>in <00:02:01.740>the <00:02:01.973>world <00:02:02.206>from <00:02:02.440>GDPR,

00:02:02.790 --> 00:02:02.800 align:start position:0%
<00:02:02.790>from <00:02:02.798>GDPR,

00:02:02.800 --> 00:02:05.950 align:start position:0%
<00:02:02.800>from <00:02:02.955>GDPR, <00:02:03.111>Digital <00:02:03.266>Services <00:02:03.422>Act <00:02:03.577>and <00:02:03.733>the <00:02:03.888>AI <00:02:04.044>Act. <00:02:04.200>Um

00:02:05.950 --> 00:02:05.960 align:start position:0%
<00:02:05.950>Digital <00:02:05.951>Services <00:02:05.952>Act <00:02:05.953>and <00:02:05.955>the <00:02:05.956>AI <00:02:05.957>Act. <00:02:05.958>Um

00:02:05.960 --> 00:02:07.830 align:start position:0%
<00:02:05.960>Digital <00:02:06.053>Services <00:02:06.146>Act <00:02:06.240>and <00:02:06.333>the <00:02:06.426>AI <00:02:06.520>Act. <00:02:06.613>Um <00:02:06.706>so, <00:02:06.800>there's <00:02:06.893>a <00:02:06.986>lot <00:02:07.080>of <00:02:07.173>coming. <00:02:07.266>So, <00:02:07.360>the

00:02:07.830 --> 00:02:07.840 align:start position:0%
<00:02:07.830>so, <00:02:07.831>there's <00:02:07.832>a <00:02:07.833>lot <00:02:07.835>of <00:02:07.836>coming. <00:02:07.837>So, <00:02:07.839>the

00:02:07.840 --> 00:02:10.270 align:start position:0%
<00:02:07.840>so, <00:02:07.947>there's <00:02:08.055>a <00:02:08.163>lot <00:02:08.270>of <00:02:08.378>coming. <00:02:08.486>So, <00:02:08.593>the <00:02:08.701>question <00:02:08.809>is <00:02:08.916>not <00:02:09.024>simply <00:02:09.132>is <00:02:09.240>regulate

00:02:10.270 --> 00:02:10.280 align:start position:0%
<00:02:10.270>question <00:02:10.271>is <00:02:10.273>not <00:02:10.275>simply <00:02:10.277>is <00:02:10.279>regulate

00:02:10.280 --> 00:02:12.190 align:start position:0%
<00:02:10.280>question <00:02:10.396>is <00:02:10.513>not <00:02:10.630>simply <00:02:10.746>is <00:02:10.863>regulate <00:02:10.979>regulation <00:02:11.096>good <00:02:11.213>or <00:02:11.330>bad? <00:02:11.446>That <00:02:11.563>would <00:02:11.680>be

00:02:12.190 --> 00:02:12.200 align:start position:0%
<00:02:12.190>regulation <00:02:12.191>good <00:02:12.192>or <00:02:12.194>bad? <00:02:12.196>That <00:02:12.197>would <00:02:12.198>be

00:02:12.200 --> 00:02:14.670 align:start position:0%
<00:02:12.200>regulation <00:02:12.299>good <00:02:12.399>or <00:02:12.500>bad? <00:02:12.600>That <00:02:12.700>would <00:02:12.799>be <00:02:12.899>too <00:02:13.000>easy, <00:02:13.100>I <00:02:13.200>guess. <00:02:13.299>So, <00:02:13.399>there <00:02:13.500>the <00:02:13.600>real

00:02:14.670 --> 00:02:14.680 align:start position:0%
<00:02:14.670>too <00:02:14.671>easy, <00:02:14.672>I <00:02:14.673>guess. <00:02:14.675>So, <00:02:14.676>there <00:02:14.677>the <00:02:14.679>real

00:02:14.680 --> 00:02:16.470 align:start position:0%
<00:02:14.680>too <00:02:14.796>easy, <00:02:14.913>I <00:02:15.030>guess. <00:02:15.146>So, <00:02:15.263>there <00:02:15.380>the <00:02:15.496>real <00:02:15.613>question <00:02:15.730>is <00:02:15.846>more <00:02:15.963>uncomfortable. <00:02:16.080>Are

00:02:16.470 --> 00:02:16.480 align:start position:0%
<00:02:16.470>question <00:02:16.472>is <00:02:16.474>more <00:02:16.476>uncomfortable. <00:02:16.478>Are

00:02:16.480 --> 00:02:18.230 align:start position:0%
<00:02:16.480>question <00:02:16.635>is <00:02:16.791>more <00:02:16.946>uncomfortable. <00:02:17.102>Are <00:02:17.257>these <00:02:17.413>rules <00:02:17.568>slowing <00:02:17.724>European <00:02:17.880>companies

00:02:18.230 --> 00:02:18.240 align:start position:0%
<00:02:18.230>these <00:02:18.232>rules <00:02:18.234>slowing <00:02:18.236>European <00:02:18.239>companies

00:02:18.240 --> 00:02:19.949 align:start position:0%
<00:02:18.240>these <00:02:18.356>rules <00:02:18.473>slowing <00:02:18.590>European <00:02:18.706>companies <00:02:18.823>down <00:02:18.940>or <00:02:19.056>are <00:02:19.173>they <00:02:19.290>forcing <00:02:19.406>us <00:02:19.523>to <00:02:19.640>build

00:02:19.949 --> 00:02:19.959 align:start position:0%
<00:02:19.949>down <00:02:19.950>or <00:02:19.951>are <00:02:19.952>they <00:02:19.954>forcing <00:02:19.955>us <00:02:19.956>to <00:02:19.958>build

00:02:19.959 --> 00:02:21.910 align:start position:0%
<00:02:19.959>down <00:02:20.086>or <00:02:20.213>are <00:02:20.340>they <00:02:20.468>forcing <00:02:20.595>us <00:02:20.722>to <00:02:20.849>build <00:02:20.977>more <00:02:21.104>trustworthy, <00:02:21.231>resilient, <00:02:21.359>and

00:02:21.910 --> 00:02:21.920 align:start position:0%
<00:02:21.910>more <00:02:21.913>trustworthy, <00:02:21.916>resilient, <00:02:21.919>and

00:02:21.920 --> 00:02:24.230 align:start position:0%
<00:02:21.920>more <00:02:22.153>trustworthy, <00:02:22.386>resilient, <00:02:22.620>and <00:02:22.853>globally <00:02:23.086>relevant <00:02:23.320>technology?

00:02:24.230 --> 00:02:24.240 align:start position:0%
<00:02:24.230>globally <00:02:24.234>relevant <00:02:24.239>technology?

00:02:24.240 --> 00:02:27.070 align:start position:0%
<00:02:24.240>globally <00:02:24.395>relevant <00:02:24.551>technology? <00:02:24.706>And <00:02:24.862>because <00:02:25.017>this <00:02:25.173>debate <00:02:25.328>becomes <00:02:25.484>very <00:02:25.640>we

00:02:27.070 --> 00:02:27.080 align:start position:0%
<00:02:27.070>And <00:02:27.071>because <00:02:27.072>this <00:02:27.074>debate <00:02:27.076>becomes <00:02:27.077>very <00:02:27.078>we

00:02:27.080 --> 00:02:29.390 align:start position:0%
<00:02:27.079>And <00:02:27.196>because <00:02:27.313>this <00:02:27.429>debate <00:02:27.546>becomes <00:02:27.663>very <00:02:27.779>we <00:02:27.896>will <00:02:28.013>keep <00:02:28.130>it <00:02:28.246>very <00:02:28.363>practical <00:02:28.480>today.

00:02:29.390 --> 00:02:29.400 align:start position:0%
<00:02:29.390>will <00:02:29.391>keep <00:02:29.393>it <00:02:29.395>very <00:02:29.397>practical <00:02:29.399>today.

00:02:29.400 --> 00:02:32.230 align:start position:0%
<00:02:29.400>will <00:02:29.507>keep <00:02:29.615>it <00:02:29.723>very <00:02:29.830>practical <00:02:29.938>today. <00:02:30.046>And <00:02:30.153>now, <00:02:30.261>I <00:02:30.369>want <00:02:30.476>to <00:02:30.584>present <00:02:30.692>you <00:02:30.800>this

00:02:32.230 --> 00:02:32.240 align:start position:0%
<00:02:32.230>And <00:02:32.231>now, <00:02:32.232>I <00:02:32.233>want <00:02:32.235>to <00:02:32.236>present <00:02:32.237>you <00:02:32.239>this

00:02:32.240 --> 00:02:34.150 align:start position:0%
<00:02:32.240>And <00:02:32.340>now, <00:02:32.440>I <00:02:32.540>want <00:02:32.640>to <00:02:32.740>present <00:02:32.840>you <00:02:32.940>this <00:02:33.040>three <00:02:33.140>founders <00:02:33.240>next <00:02:33.340>to <00:02:33.440>me. <00:02:33.540>I <00:02:33.640>just

00:02:34.150 --> 00:02:34.160 align:start position:0%
<00:02:34.150>three <00:02:34.151>founders <00:02:34.153>next <00:02:34.154>to <00:02:34.156>me. <00:02:34.157>I <00:02:34.159>just

00:02:34.160 --> 00:02:35.881 align:start position:0%
<00:02:34.160>three <00:02:34.299>founders <00:02:34.440>next <00:02:34.579>to <00:02:34.720>me. <00:02:34.859>I <00:02:35.000>just <00:02:35.140>finding <00:02:35.280>the <00:02:35.420>correct <00:02:35.560>word.

00:02:35.881 --> 00:02:35.891 align:start position:0%
<00:02:35.881>finding <00:02:35.884>the <00:02:35.887>correct <00:02:35.890>word.

00:02:35.891 --> 00:02:36.310 align:start position:0%
<00:02:35.891>finding <00:02:35.966>the <00:02:36.041>correct <00:02:36.117>word. <00:02:36.192>&gt;&gt; <00:02:36.268>[laughter]

00:02:36.310 --> 00:02:36.320 align:start position:0%
<00:02:36.310>&gt;&gt; <00:02:36.319>[laughter]

00:02:36.320 --> 00:02:38.150 align:start position:0%
<00:02:36.320>&gt;&gt; <00:02:36.459>[laughter] <00:02:36.600>&gt;&gt; <00:02:36.739>So, <00:02:36.880>we <00:02:37.019>start <00:02:37.160>with <00:02:37.299>Andreas <00:02:37.440>on <00:02:37.579>the <00:02:37.720>left.

00:02:38.150 --> 00:02:38.160 align:start position:0%
<00:02:38.150>&gt;&gt; <00:02:38.151>So, <00:02:38.152>we <00:02:38.153>start <00:02:38.154>with <00:02:38.155>Andreas <00:02:38.156>on <00:02:38.157>the <00:02:38.159>left.

00:02:38.160 --> 00:02:39.590 align:start position:0%
<00:02:38.160>&gt;&gt; <00:02:38.251>So, <00:02:38.343>we <00:02:38.435>start <00:02:38.527>with <00:02:38.619>Andreas <00:02:38.711>on <00:02:38.803>the <00:02:38.895>left. <00:02:38.987>Andreas <00:02:39.079>Klinger <00:02:39.171>is <00:02:39.263>the <00:02:39.355>founder <00:02:39.447>of

00:02:39.590 --> 00:02:39.600 align:start position:0%
<00:02:39.590>Andreas <00:02:39.591>Klinger <00:02:39.593>is <00:02:39.595>the <00:02:39.597>founder <00:02:39.599>of

00:02:39.600 --> 00:02:42.070 align:start position:0%
<00:02:39.600>Andreas <00:02:39.739>Klinger <00:02:39.880>is <00:02:40.019>the <00:02:40.160>founder <00:02:40.299>of <00:02:40.440>Prototype <00:02:40.579>and <00:02:40.720>early-stage <00:02:40.859>VC <00:02:41.000>fund

00:02:42.070 --> 00:02:42.080 align:start position:0%
<00:02:42.070>Prototype <00:02:42.072>and <00:02:42.074>early-stage <00:02:42.076>VC <00:02:42.078>fund

00:02:42.080 --> 00:02:44.150 align:start position:0%
<00:02:42.079>Prototype <00:02:42.235>and <00:02:42.391>early-stage <00:02:42.546>VC <00:02:42.702>fund <00:02:42.857>investing <00:02:43.013>in <00:02:43.168>European <00:02:43.324>frontier <00:02:43.480>tech

00:02:44.150 --> 00:02:44.160 align:start position:0%
<00:02:44.150>investing <00:02:44.152>in <00:02:44.154>European <00:02:44.156>frontier <00:02:44.159>tech

00:02:44.160 --> 00:02:45.990 align:start position:0%
<00:02:44.160>investing <00:02:44.299>in <00:02:44.440>European <00:02:44.579>frontier <00:02:44.720>tech <00:02:44.859>based <00:02:45.000>in <00:02:45.140>Berlin, <00:02:45.280>but <00:02:45.420>originally <00:02:45.560>from

00:02:45.990 --> 00:02:46.000 align:start position:0%
<00:02:45.990>based <00:02:45.991>in <00:02:45.993>Berlin, <00:02:45.995>but <00:02:45.997>originally <00:02:45.999>from

00:02:46.000 --> 00:02:48.510 align:start position:0%
<00:02:46.000>based <00:02:46.127>in <00:02:46.254>Berlin, <00:02:46.381>but <00:02:46.509>originally <00:02:46.636>from <00:02:46.763>Vienna. <00:02:46.890>So, <00:02:47.018>Andreas <00:02:47.145>is <00:02:47.272>convinced <00:02:47.400>Europe

00:02:48.510 --> 00:02:48.520 align:start position:0%
<00:02:48.510>Vienna. <00:02:48.511>So, <00:02:48.513>Andreas <00:02:48.515>is <00:02:48.517>convinced <00:02:48.519>Europe

00:02:48.520 --> 00:02:50.270 align:start position:0%
<00:02:48.520>Vienna. <00:02:48.620>So, <00:02:48.720>Andreas <00:02:48.820>is <00:02:48.920>convinced <00:02:49.020>Europe <00:02:49.120>can <00:02:49.220>be <00:02:49.320>the <00:02:49.420>best <00:02:49.520>place <00:02:49.620>on <00:02:49.720>Earth <00:02:49.820>to <00:02:49.920>build

00:02:50.270 --> 00:02:50.280 align:start position:0%
<00:02:50.270>can <00:02:50.271>be <00:02:50.272>the <00:02:50.273>best <00:02:50.274>place <00:02:50.275>on <00:02:50.276>Earth <00:02:50.277>to <00:02:50.279>build

00:02:50.280 --> 00:02:52.590 align:start position:0%
<00:02:50.280>can <00:02:50.373>be <00:02:50.466>the <00:02:50.560>best <00:02:50.653>place <00:02:50.746>on <00:02:50.840>Earth <00:02:50.933>to <00:02:51.026>build <00:02:51.120>hardware, <00:02:51.213>that <00:02:51.306>was <00:02:51.400>his <00:02:51.493>saying. <00:02:51.586>And <00:02:51.680>he's

00:02:52.590 --> 00:02:52.600 align:start position:0%
<00:02:52.590>hardware, <00:02:52.591>that <00:02:52.593>was <00:02:52.594>his <00:02:52.596>saying. <00:02:52.597>And <00:02:52.599>he's

00:02:52.600 --> 00:02:53.790 align:start position:0%
<00:02:52.600>hardware, <00:02:52.697>that <00:02:52.794>was <00:02:52.892>his <00:02:52.989>saying. <00:02:53.086>And <00:02:53.184>he's <00:02:53.281>also <00:02:53.378>building <00:02:53.476>a <00:02:53.573>community <00:02:53.671>of

00:02:53.790 --> 00:02:53.800 align:start position:0%
<00:02:53.790>also <00:02:53.792>building <00:02:53.794>a <00:02:53.796>community <00:02:53.799>of

00:02:53.800 --> 00:02:55.830 align:start position:0%
<00:02:53.800>also <00:02:53.975>building <00:02:54.150>a <00:02:54.325>community <00:02:54.500>of <00:02:54.675>hyper-ambitious <00:02:54.850>European <00:02:55.025>builders <00:02:55.200>with

00:02:55.830 --> 00:02:55.840 align:start position:0%
<00:02:55.829>hyper-ambitious <00:02:55.833>European <00:02:55.835>builders <00:02:55.839>with

00:02:55.840 --> 00:02:57.590 align:start position:0%
<00:02:55.840>hyper-ambitious <00:02:55.995>European <00:02:56.151>builders <00:02:56.306>with <00:02:56.462>his <00:02:56.617>fast-growing <00:02:56.773>YouTube <00:02:56.928>channel <00:02:57.084>and <00:02:57.240>is

00:02:57.590 --> 00:02:57.600 align:start position:0%
<00:02:57.590>his <00:02:57.591>fast-growing <00:02:57.593>YouTube <00:02:57.595>channel <00:02:57.597>and <00:02:57.599>is

00:02:57.600 --> 00:02:59.229 align:start position:0%
<00:02:57.600>his <00:02:57.755>fast-growing <00:02:57.911>YouTube <00:02:58.066>channel <00:02:58.222>and <00:02:58.377>is <00:02:58.533>engineering <00:02:58.688>the <00:02:58.844>ecosystem <00:02:59.000>with

00:02:59.229 --> 00:02:59.239 align:start position:0%
<00:02:59.228>engineering <00:02:59.232>the <00:02:59.234>ecosystem <00:02:59.238>with

00:02:59.239 --> 00:03:01.509 align:start position:0%
<00:02:59.239>engineering <00:02:59.439>the <00:02:59.639>ecosystem <00:02:59.839>with <00:03:00.039>hyper-ambitious <00:03:00.239>projects. <00:03:00.439>So, <00:03:00.639>Andreas,

00:03:01.509 --> 00:03:01.519 align:start position:0%
<00:03:01.509>hyper-ambitious <00:03:01.512>projects. <00:03:01.515>So, <00:03:01.518>Andreas,

00:03:01.519 --> 00:03:03.550 align:start position:0%
<00:03:01.519>hyper-ambitious <00:03:01.674>projects. <00:03:01.830>So, <00:03:01.985>Andreas, <00:03:02.141>welcome <00:03:02.296>and <00:03:02.452>I'm <00:03:02.607>excited <00:03:02.763>what <00:03:02.919>you're

00:03:03.550 --> 00:03:03.560 align:start position:0%
<00:03:03.550>welcome <00:03:03.551>and <00:03:03.553>I'm <00:03:03.555>excited <00:03:03.557>what <00:03:03.559>you're

00:03:03.560 --> 00:03:05.509 align:start position:0%
<00:03:03.560>welcome <00:03:03.735>and <00:03:03.910>I'm <00:03:04.085>excited <00:03:04.260>what <00:03:04.435>you're <00:03:04.610>thinking <00:03:04.785>about <00:03:04.960>it.

00:03:05.509 --> 00:03:05.519 align:start position:0%
<00:03:05.509>thinking <00:03:05.513>about <00:03:05.518>it.

00:03:05.519 --> 00:03:07.830 align:start position:0%
<00:03:05.519>thinking <00:03:05.694>about <00:03:05.869>it. <00:03:06.044>Next, <00:03:06.219>we've <00:03:06.394>got <00:03:06.569>Thomas <00:03:06.744>Ericsson. <00:03:06.919>Thomas

00:03:07.830 --> 00:03:07.840 align:start position:0%
<00:03:07.830>Next, <00:03:07.831>we've <00:03:07.833>got <00:03:07.835>Thomas <00:03:07.837>Ericsson. <00:03:07.839>Thomas

00:03:07.840 --> 00:03:10.070 align:start position:0%
<00:03:07.840>Next, <00:03:07.947>we've <00:03:08.055>got <00:03:08.163>Thomas <00:03:08.270>Ericsson. <00:03:08.378>Thomas <00:03:08.486>is <00:03:08.593>the <00:03:08.701>founder <00:03:08.809>and <00:03:08.916>CEO <00:03:09.024>of <00:03:09.132>Sascha <00:03:09.240>Safe

00:03:10.070 --> 00:03:10.080 align:start position:0%
<00:03:10.070>is <00:03:10.071>the <00:03:10.072>founder <00:03:10.073>and <00:03:10.075>CEO <00:03:10.076>of <00:03:10.077>Sascha <00:03:10.079>Safe

00:03:10.080 --> 00:03:12.430 align:start position:0%
<00:03:10.080>is <00:03:10.187>the <00:03:10.295>founder <00:03:10.403>and <00:03:10.510>CEO <00:03:10.618>of <00:03:10.726>Sascha <00:03:10.833>Safe <00:03:10.941>Share <00:03:11.049>based <00:03:11.156>in <00:03:11.264>Copenhagen. <00:03:11.372>So, <00:03:11.480>we've

00:03:12.430 --> 00:03:12.440 align:start position:0%
<00:03:12.430>Share <00:03:12.431>based <00:03:12.433>in <00:03:12.435>Copenhagen. <00:03:12.437>So, <00:03:12.439>we've

00:03:12.440 --> 00:03:14.670 align:start position:0%
<00:03:12.440>Share <00:03:12.615>based <00:03:12.790>in <00:03:12.965>Copenhagen. <00:03:13.140>So, <00:03:13.315>we've <00:03:13.490>Denmark <00:03:13.665>represented <00:03:13.840>here.

00:03:14.670 --> 00:03:14.680 align:start position:0%
<00:03:14.670>Denmark <00:03:14.674>represented <00:03:14.679>here.

00:03:14.680 --> 00:03:16.190 align:start position:0%
<00:03:14.680>Denmark <00:03:14.831>represented <00:03:14.982>here. <00:03:15.133>Uh <00:03:15.284>he's <00:03:15.435>a <00:03:15.586>technology <00:03:15.737>leader <00:03:15.888>at <00:03:16.039>the

00:03:16.190 --> 00:03:16.200 align:start position:0%
<00:03:16.190>Uh <00:03:16.191>he's <00:03:16.192>a <00:03:16.194>technology <00:03:16.196>leader <00:03:16.197>at <00:03:16.198>the

00:03:16.200 --> 00:03:18.790 align:start position:0%
<00:03:16.200>Uh <00:03:16.339>he's <00:03:16.480>a <00:03:16.619>technology <00:03:16.760>leader <00:03:16.899>at <00:03:17.040>the <00:03:17.179>forefront <00:03:17.320>of <00:03:17.459>watermarking <00:03:17.600>technology

00:03:18.790 --> 00:03:18.800 align:start position:0%
<00:03:18.790>forefront <00:03:18.793>of <00:03:18.796>watermarking <00:03:18.799>technology

00:03:18.800 --> 00:03:20.670 align:start position:0%
<00:03:18.800>forefront <00:03:18.940>of <00:03:19.080>watermarking <00:03:19.220>technology <00:03:19.360>driven <00:03:19.500>by <00:03:19.640>the <00:03:19.780>mission <00:03:19.920>to <00:03:20.060>end <00:03:20.200>online

00:03:20.670 --> 00:03:20.680 align:start position:0%
<00:03:20.670>driven <00:03:20.671>by <00:03:20.673>the <00:03:20.674>mission <00:03:20.676>to <00:03:20.677>end <00:03:20.679>online

00:03:20.680 --> 00:03:23.590 align:start position:0%
<00:03:20.680>driven <00:03:20.807>by <00:03:20.934>the <00:03:21.061>mission <00:03:21.189>to <00:03:21.316>end <00:03:21.443>online <00:03:21.570>image <00:03:21.698>abuse. <00:03:21.825>He <00:03:21.952>developed <00:03:22.080>Sascha's

00:03:23.590 --> 00:03:23.600 align:start position:0%
<00:03:23.590>image <00:03:23.592>abuse. <00:03:23.594>He <00:03:23.596>developed <00:03:23.599>Sascha's

00:03:23.600 --> 00:03:26.590 align:start position:0%
<00:03:23.600>image <00:03:23.775>abuse. <00:03:23.950>He <00:03:24.125>developed <00:03:24.299>Sascha's <00:03:24.475>patented <00:03:24.650>in-pixel <00:03:24.825>signature <00:03:25.000>technology

00:03:26.590 --> 00:03:26.600 align:start position:0%
<00:03:26.590>patented <00:03:26.593>in-pixel <00:03:26.596>signature <00:03:26.599>technology

00:03:26.600 --> 00:03:28.509 align:start position:0%
<00:03:26.600>patented <00:03:26.775>in-pixel <00:03:26.950>signature <00:03:27.125>technology <00:03:27.299>that <00:03:27.475>embeds <00:03:27.650>ownership <00:03:27.825>and <00:03:28.000>content

00:03:28.509 --> 00:03:28.519 align:start position:0%
<00:03:28.509>that <00:03:28.511>embeds <00:03:28.513>ownership <00:03:28.515>and <00:03:28.518>content

00:03:28.519 --> 00:03:30.910 align:start position:0%
<00:03:28.519>that <00:03:28.659>embeds <00:03:28.799>ownership <00:03:28.939>and <00:03:29.079>content <00:03:29.219>directly <00:03:29.359>into <00:03:29.499>digital <00:03:29.639>content. <00:03:29.779>I <00:03:29.919>hope

00:03:30.910 --> 00:03:30.920 align:start position:0%
<00:03:30.910>directly <00:03:30.911>into <00:03:30.913>digital <00:03:30.915>content. <00:03:30.917>I <00:03:30.919>hope

00:03:30.920 --> 00:03:32.949 align:start position:0%
<00:03:30.920>directly <00:03:31.027>into <00:03:31.135>digital <00:03:31.243>content. <00:03:31.350>I <00:03:31.458>hope <00:03:31.566>this <00:03:31.673>was <00:03:31.781>right. <00:03:31.889>If <00:03:31.996>not, <00:03:32.104>please <00:03:32.212>say <00:03:32.320>it

00:03:32.949 --> 00:03:32.959 align:start position:0%
<00:03:32.949>this <00:03:32.950>was <00:03:32.951>right. <00:03:32.952>If <00:03:32.954>not, <00:03:32.955>please <00:03:32.956>say <00:03:32.958>it

00:03:32.959 --> 00:03:33.990 align:start position:0%
<00:03:32.959>this <00:03:33.074>was <00:03:33.190>right. <00:03:33.306>If <00:03:33.422>not, <00:03:33.538>please <00:03:33.654>say <00:03:33.770>it <00:03:33.886>again.

00:03:33.990 --> 00:03:34.000 align:start position:0%
again.

00:03:34.000 --> 00:03:35.270 align:start position:0%
<00:03:34.000>again. <00:03:34.163>And <00:03:34.326>last <00:03:34.489>but <00:03:34.653>not <00:03:34.816>least, <00:03:34.979>we've <00:03:35.143>got

00:03:35.270 --> 00:03:35.280 align:start position:0%
<00:03:35.270>And <00:03:35.271>last <00:03:35.273>but <00:03:35.274>not <00:03:35.276>least, <00:03:35.277>we've <00:03:35.279>got

00:03:35.280 --> 00:03:37.910 align:start position:0%
<00:03:35.280>And <00:03:35.396>last <00:03:35.513>but <00:03:35.630>not <00:03:35.746>least, <00:03:35.863>we've <00:03:35.980>got <00:03:36.096>Jakobus <00:03:36.213>Schuster. <00:03:36.330>Jakobus <00:03:36.446>is <00:03:36.563>the <00:03:36.680>founder

00:03:37.910 --> 00:03:37.920 align:start position:0%
<00:03:37.910>Jakobus <00:03:37.911>Schuster. <00:03:37.913>Jakobus <00:03:37.915>is <00:03:37.917>the <00:03:37.919>founder

00:03:37.920 --> 00:03:40.830 align:start position:0%
<00:03:37.920>Jakobus <00:03:38.036>Schuster. <00:03:38.153>Jakobus <00:03:38.270>is <00:03:38.386>the <00:03:38.503>founder <00:03:38.620>and <00:03:38.736>CEO <00:03:38.853>of <00:03:38.970>Notary, <00:03:39.086>the <00:03:39.203>leading <00:03:39.320>platform

00:03:40.830 --> 00:03:40.840 align:start position:0%
<00:03:40.829>and <00:03:40.831>CEO <00:03:40.833>of <00:03:40.834>Notary, <00:03:40.835>the <00:03:40.837>leading <00:03:40.839>platform

00:03:40.840 --> 00:03:42.670 align:start position:0%
<00:03:40.840>and <00:03:40.967>CEO <00:03:41.094>of <00:03:41.221>Notary, <00:03:41.349>the <00:03:41.476>leading <00:03:41.603>platform <00:03:41.730>for <00:03:41.858>digital <00:03:41.985>notary <00:03:42.112>appointments <00:03:42.240>in

00:03:42.670 --> 00:03:42.680 align:start position:0%
<00:03:42.670>for <00:03:42.672>digital <00:03:42.674>notary <00:03:42.676>appointments <00:03:42.679>in

00:03:42.680 --> 00:03:45.350 align:start position:0%
<00:03:42.680>for <00:03:42.807>digital <00:03:42.934>notary <00:03:43.061>appointments <00:03:43.189>in <00:03:43.316>Europe <00:03:43.443>and <00:03:43.570>he <00:03:43.698>is <00:03:43.825>from <00:03:43.952>Austria, <00:03:44.080>Vienna.

00:03:45.350 --> 00:03:45.360 align:start position:0%
<00:03:45.350>Europe <00:03:45.351>and <00:03:45.353>he <00:03:45.354>is <00:03:45.356>from <00:03:45.357>Austria, <00:03:45.359>Vienna.

00:03:45.360 --> 00:03:47.430 align:start position:0%
<00:03:45.360>Europe <00:03:45.476>and <00:03:45.593>he <00:03:45.710>is <00:03:45.826>from <00:03:45.943>Austria, <00:03:46.060>Vienna. <00:03:46.176>So, <00:03:46.293>we've <00:03:46.410>got <00:03:46.526>Europe <00:03:46.643>represented, <00:03:46.760>a

00:03:47.430 --> 00:03:47.440 align:start position:0%
<00:03:47.430>So, <00:03:47.431>we've <00:03:47.433>got <00:03:47.435>Europe <00:03:47.437>represented, <00:03:47.439>a

00:03:47.440 --> 00:03:50.509 align:start position:0%
<00:03:47.440>So, <00:03:47.547>we've <00:03:47.655>got <00:03:47.763>Europe <00:03:47.870>represented, <00:03:47.978>a <00:03:48.086>small <00:03:48.193>part <00:03:48.301>of <00:03:48.409>it. <00:03:48.516>Um <00:03:48.624>yeah, <00:03:48.732>and <00:03:48.840>Jakobus

00:03:50.509 --> 00:03:50.519 align:start position:0%
<00:03:50.509>small <00:03:50.510>part <00:03:50.511>of <00:03:50.512>it. <00:03:50.514>Um <00:03:50.515>yeah, <00:03:50.516>and <00:03:50.518>Jakobus

00:03:50.519 --> 00:03:52.350 align:start position:0%
<00:03:50.519>small <00:03:50.606>part <00:03:50.694>of <00:03:50.781>it. <00:03:50.869>Um <00:03:50.956>yeah, <00:03:51.044>and <00:03:51.131>Jakobus <00:03:51.219>is <00:03:51.306>a <00:03:51.394>as <00:03:51.481>a <00:03:51.569>law <00:03:51.656>student, <00:03:51.744>he <00:03:51.831>developed <00:03:51.919>a

00:03:52.350 --> 00:03:52.360 align:start position:0%
<00:03:52.350>is <00:03:52.351>a <00:03:52.352>as <00:03:52.353>a <00:03:52.354>law <00:03:52.355>student, <00:03:52.356>he <00:03:52.357>developed <00:03:52.359>a

00:03:52.360 --> 00:03:54.550 align:start position:0%
<00:03:52.360>is <00:03:52.467>a <00:03:52.575>as <00:03:52.683>a <00:03:52.790>law <00:03:52.898>student, <00:03:53.006>he <00:03:53.113>developed <00:03:53.221>a <00:03:53.329>strong <00:03:53.436>interest <00:03:53.544>in <00:03:53.652>legal <00:03:53.760>tech.

00:03:54.550 --> 00:03:54.560 align:start position:0%
<00:03:54.550>strong <00:03:54.552>interest <00:03:54.554>in <00:03:54.556>legal <00:03:54.559>tech.

00:03:54.560 --> 00:03:56.310 align:start position:0%
<00:03:54.560>strong <00:03:54.715>interest <00:03:54.871>in <00:03:55.026>legal <00:03:55.182>tech. <00:03:55.337>Taught <00:03:55.493>himself <00:03:55.648>fundamental <00:03:55.804>coding <00:03:55.960>skills

00:03:56.310 --> 00:03:56.320 align:start position:0%
<00:03:56.310>Taught <00:03:56.312>himself <00:03:56.314>fundamental <00:03:56.316>coding <00:03:56.319>skills

00:03:56.320 --> 00:03:58.510 align:start position:0%
<00:03:56.320>Taught <00:03:56.459>himself <00:03:56.600>fundamental <00:03:56.739>coding <00:03:56.880>skills <00:03:57.019>and <00:03:57.160>implemented <00:03:57.299>his <00:03:57.440>first <00:03:57.579>legal <00:03:57.720>data

00:03:58.510 --> 00:03:58.520 align:start position:0%
<00:03:58.510>and <00:03:58.511>implemented <00:03:58.513>his <00:03:58.515>first <00:03:58.517>legal <00:03:58.519>data

00:03:58.520 --> 00:04:00.990 align:start position:0%
<00:03:58.520>and <00:03:58.647>implemented <00:03:58.774>his <00:03:58.901>first <00:03:59.029>legal <00:03:59.156>data <00:03:59.283>science <00:03:59.410>project. <00:03:59.538>That <00:03:59.665>means <00:03:59.792>all <00:03:59.920>these

00:04:00.990 --> 00:04:01.000 align:start position:0%
<00:04:00.990>science <00:04:00.991>project. <00:04:00.993>That <00:04:00.995>means <00:04:00.997>all <00:04:00.999>these

00:04:01.000 --> 00:04:02.990 align:start position:0%
<00:04:01.000>science <00:04:01.107>project. <00:04:01.215>That <00:04:01.323>means <00:04:01.430>all <00:04:01.538>these <00:04:01.646>three <00:04:01.753>guys <00:04:01.861>have <00:04:01.969>a <00:04:02.076>lot <00:04:02.184>of <00:04:02.292>experience <00:04:02.400>that

00:04:02.990 --> 00:04:03.000 align:start position:0%
<00:04:02.990>three <00:04:02.991>guys <00:04:02.992>have <00:04:02.993>a <00:04:02.995>lot <00:04:02.996>of <00:04:02.997>experience <00:04:02.999>that

00:04:03.000 --> 00:04:05.710 align:start position:0%
<00:04:03.000>three <00:04:03.100>guys <00:04:03.200>have <00:04:03.300>a <00:04:03.400>lot <00:04:03.500>of <00:04:03.600>experience <00:04:03.700>that <00:04:03.800>we <00:04:03.900>can <00:04:04.000>talk <00:04:04.100>about <00:04:04.200>regulation <00:04:04.300>today. <00:04:04.400>So,

00:04:05.710 --> 00:04:05.720 align:start position:0%
<00:04:05.710>we <00:04:05.711>can <00:04:05.713>talk <00:04:05.714>about <00:04:05.716>regulation <00:04:05.717>today. <00:04:05.719>So,

00:04:05.720 --> 00:04:08.430 align:start position:0%
<00:04:05.720>we <00:04:05.813>can <00:04:05.906>talk <00:04:06.000>about <00:04:06.093>regulation <00:04:06.186>today. <00:04:06.280>So, <00:04:06.373>I <00:04:06.466>want <00:04:06.560>to <00:04:06.653>give <00:04:06.746>you <00:04:06.840>the <00:04:06.933>word. <00:04:07.026>To <00:04:07.120>start,

00:04:08.430 --> 00:04:08.440 align:start position:0%
<00:04:08.430>I <00:04:08.431>want <00:04:08.432>to <00:04:08.433>give <00:04:08.434>you <00:04:08.435>the <00:04:08.436>word. <00:04:08.437>To <00:04:08.439>start,

00:04:08.440 --> 00:04:10.949 align:start position:0%
<00:04:08.440>I <00:04:08.533>want <00:04:08.626>to <00:04:08.720>give <00:04:08.813>you <00:04:08.906>the <00:04:09.000>word. <00:04:09.093>To <00:04:09.186>start, <00:04:09.280>I'd <00:04:09.373>like <00:04:09.466>to <00:04:09.560>hear <00:04:09.653>your <00:04:09.746>opening <00:04:09.840>position

00:04:10.949 --> 00:04:10.959 align:start position:0%
<00:04:10.949>I'd <00:04:10.950>like <00:04:10.952>to <00:04:10.953>hear <00:04:10.955>your <00:04:10.956>opening <00:04:10.958>position

00:04:10.959 --> 00:04:13.949 align:start position:0%
<00:04:10.959>I'd <00:04:11.075>like <00:04:11.192>to <00:04:11.309>hear <00:04:11.425>your <00:04:11.542>opening <00:04:11.659>position <00:04:11.775>on <00:04:11.892>the <00:04:12.009>question <00:04:12.125>of <00:04:12.242>our <00:04:12.359>panel.

00:04:13.949 --> 00:04:13.959 align:start position:0%
<00:04:13.949>on <00:04:13.950>the <00:04:13.952>question <00:04:13.954>of <00:04:13.956>our <00:04:13.958>panel.

00:04:13.959 --> 00:04:16.030 align:start position:0%
<00:04:13.959>on <00:04:14.086>the <00:04:14.213>question <00:04:14.340>of <00:04:14.468>our <00:04:14.595>panel. <00:04:14.722>On <00:04:14.849>one <00:04:14.977>sentence, <00:04:15.104>maybe <00:04:15.231>starting <00:04:15.359>with

00:04:16.030 --> 00:04:16.040 align:start position:0%
<00:04:16.029>On <00:04:16.031>one <00:04:16.033>sentence, <00:04:16.035>maybe <00:04:16.037>starting <00:04:16.039>with

00:04:16.040 --> 00:04:17.870 align:start position:0%
<00:04:16.040>On <00:04:16.167>one <00:04:16.294>sentence, <00:04:16.421>maybe <00:04:16.549>starting <00:04:16.676>with <00:04:16.803>you, <00:04:16.930>Andreas. <00:04:17.058>What <00:04:17.185>when <00:04:17.312>you <00:04:17.440>hear

00:04:17.870 --> 00:04:17.880 align:start position:0%
<00:04:17.870>you, <00:04:17.871>Andreas. <00:04:17.873>What <00:04:17.875>when <00:04:17.877>you <00:04:17.879>hear

00:04:17.880 --> 00:04:19.990 align:start position:0%
<00:04:17.880>you, <00:04:18.019>Andreas. <00:04:18.159>What <00:04:18.300>when <00:04:18.440>you <00:04:18.579>hear <00:04:18.719>European <00:04:18.860>regulation, <00:04:19.000>do <00:04:19.140>you <00:04:19.279>mind

00:04:19.990 --> 00:04:20.000 align:start position:0%
<00:04:19.990>European <00:04:19.992>regulation, <00:04:19.994>do <00:04:19.996>you <00:04:19.999>mind

00:04:20.000 --> 00:04:22.630 align:start position:0%
<00:04:20.000>European <00:04:20.155>regulation, <00:04:20.311>do <00:04:20.466>you <00:04:20.622>mind <00:04:20.777>anything <00:04:20.933>burden, <00:04:21.088>or <00:04:21.244>possible <00:04:21.399>competitive

00:04:22.630 --> 00:04:22.640 align:start position:0%
<00:04:22.630>anything <00:04:22.632>burden, <00:04:22.634>or <00:04:22.636>possible <00:04:22.639>competitive

00:04:22.640 --> 00:04:24.870 align:start position:0%
<00:04:22.640>anything <00:04:22.919>burden, <00:04:23.200>or <00:04:23.479>possible <00:04:23.760>competitive <00:04:24.039>advantage?

00:04:24.870 --> 00:04:24.880 align:start position:0%
advantage?

00:04:24.880 --> 00:04:26.710 align:start position:0%
<00:04:24.880>advantage? <00:04:25.346>&gt;&gt; <00:04:25.813>Hey <00:04:26.280>everyone.

00:04:26.710 --> 00:04:26.720 align:start position:0%
<00:04:26.710>&gt;&gt; <00:04:26.714>Hey <00:04:26.719>everyone.

00:04:26.720 --> 00:04:28.950 align:start position:0%
<00:04:26.720>&gt;&gt; <00:04:27.186>Hey <00:04:27.653>everyone. <00:04:28.120>Um

00:04:28.960 --> 00:04:30.670 align:start position:0%
<00:04:28.960>So, <00:04:29.159>we're <00:04:29.359>currently <00:04:29.560>in <00:04:29.760>a <00:04:29.960>time <00:04:30.159>where <00:04:30.359>we

00:04:30.670 --> 00:04:30.680 align:start position:0%
<00:04:30.670>So, <00:04:30.671>we're <00:04:30.672>currently <00:04:30.673>in <00:04:30.675>a <00:04:30.676>time <00:04:30.677>where <00:04:30.679>we

00:04:30.680 --> 00:04:33.870 align:start position:0%
<00:04:30.680>So, <00:04:30.796>we're <00:04:30.913>currently <00:04:31.030>in <00:04:31.146>a <00:04:31.263>time <00:04:31.380>where <00:04:31.496>we <00:04:31.613>have <00:04:31.730>global <00:04:31.846>competition <00:04:31.963>with <00:04:32.080>giants,

00:04:33.870 --> 00:04:33.880 align:start position:0%
<00:04:33.870>have <00:04:33.872>global <00:04:33.874>competition <00:04:33.876>with <00:04:33.879>giants,

00:04:33.880 --> 00:04:35.990 align:start position:0%
<00:04:33.880>have <00:04:33.996>global <00:04:34.113>competition <00:04:34.230>with <00:04:34.346>giants, <00:04:34.463>China, <00:04:34.580>America, <00:04:34.696>and <00:04:34.813>so <00:04:34.930>on <00:04:35.046>and <00:04:35.163>so <00:04:35.280>on.

00:04:35.990 --> 00:04:36.000 align:start position:0%
<00:04:35.990>China, <00:04:35.991>America, <00:04:35.992>and <00:04:35.993>so <00:04:35.995>on <00:04:35.996>and <00:04:35.997>so <00:04:35.999>on.

00:04:36.000 --> 00:04:37.750 align:start position:0%
<00:04:36.000>China, <00:04:36.082>America, <00:04:36.164>and <00:04:36.247>so <00:04:36.329>on <00:04:36.411>and <00:04:36.494>so <00:04:36.576>on. <00:04:36.658>Uh <00:04:36.741>in <00:04:36.823>the <00:04:36.905>same <00:04:36.988>time, <00:04:37.070>we <00:04:37.152>are <00:04:37.235>in <00:04:37.317>a <00:04:37.400>time

00:04:37.750 --> 00:04:37.760 align:start position:0%
<00:04:37.750>Uh <00:04:37.751>in <00:04:37.752>the <00:04:37.753>same <00:04:37.754>time, <00:04:37.755>we <00:04:37.756>are <00:04:37.757>in <00:04:37.758>a <00:04:37.759>time

00:04:37.760 --> 00:04:39.470 align:start position:0%
<00:04:37.760>Uh <00:04:37.842>in <00:04:37.924>the <00:04:38.007>same <00:04:38.089>time, <00:04:38.171>we <00:04:38.254>are <00:04:38.336>in <00:04:38.418>a <00:04:38.501>time <00:04:38.583>where <00:04:38.665>we <00:04:38.748>have <00:04:38.830>the <00:04:38.912>internet <00:04:38.995>as <00:04:39.077>a <00:04:39.159>perfect

00:04:39.470 --> 00:04:39.480 align:start position:0%
<00:04:39.470>where <00:04:39.471>we <00:04:39.472>have <00:04:39.473>the <00:04:39.475>internet <00:04:39.476>as <00:04:39.477>a <00:04:39.479>perfect

00:04:39.480 --> 00:04:41.750 align:start position:0%
<00:04:39.480>where <00:04:39.596>we <00:04:39.713>have <00:04:39.830>the <00:04:39.946>internet <00:04:40.063>as <00:04:40.180>a <00:04:40.296>perfect <00:04:40.413>distribution <00:04:40.530>channel. <00:04:40.646>So, <00:04:40.763>pretty <00:04:40.880>much

00:04:41.750 --> 00:04:41.760 align:start position:0%
<00:04:41.750>distribution <00:04:41.752>channel. <00:04:41.754>So, <00:04:41.756>pretty <00:04:41.759>much

00:04:41.760 --> 00:04:43.670 align:start position:0%
<00:04:41.760>distribution <00:04:41.900>channel. <00:04:42.039>So, <00:04:42.180>pretty <00:04:42.320>much <00:04:42.460>every <00:04:42.599>little <00:04:42.740>advantage <00:04:42.880>you <00:04:43.020>have, <00:04:43.159>and

00:04:43.670 --> 00:04:43.680 align:start position:0%
<00:04:43.670>every <00:04:43.671>little <00:04:43.673>advantage <00:04:43.675>you <00:04:43.677>have, <00:04:43.679>and

00:04:43.680 --> 00:04:44.950 align:start position:0%
<00:04:43.680>every <00:04:43.794>little <00:04:43.908>advantage <00:04:44.022>you <00:04:44.137>have, <00:04:44.251>and <00:04:44.365>every <00:04:44.480>little <00:04:44.594>disadvantage <00:04:44.708>you <00:04:44.823>have,

00:04:44.950 --> 00:04:44.960 align:start position:0%
<00:04:44.950>every <00:04:44.952>little <00:04:44.954>disadvantage <00:04:44.956>you <00:04:44.959>have,

00:04:44.960 --> 00:04:46.190 align:start position:0%
<00:04:44.960>every <00:04:45.181>little <00:04:45.402>disadvantage <00:04:45.624>you <00:04:45.845>have, <00:04:46.067>compounds.

00:04:46.190 --> 00:04:46.200 align:start position:0%
compounds.

00:04:46.200 --> 00:04:48.550 align:start position:0%
<00:04:46.200>compounds. <00:04:46.479>The <00:04:46.760>problem <00:04:47.039>is <00:04:47.320>individual <00:04:47.599>countries,

00:04:48.550 --> 00:04:48.560 align:start position:0%
<00:04:48.550>The <00:04:48.552>problem <00:04:48.554>is <00:04:48.556>individual <00:04:48.559>countries,

00:04:48.560 --> 00:04:50.430 align:start position:0%
<00:04:48.560>The <00:04:48.700>problem <00:04:48.840>is <00:04:48.980>individual <00:04:49.120>countries, <00:04:49.260>like <00:04:49.400>small <00:04:49.540>countries, <00:04:49.680>as <00:04:49.820>an <00:04:49.960>ecosystem,

00:04:50.430 --> 00:04:50.440 align:start position:0%
<00:04:50.430>like <00:04:50.431>small <00:04:50.433>countries, <00:04:50.435>as <00:04:50.437>an <00:04:50.439>ecosystem,

00:04:50.440 --> 00:04:52.230 align:start position:0%
<00:04:50.440>like <00:04:50.556>small <00:04:50.673>countries, <00:04:50.790>as <00:04:50.906>an <00:04:51.023>ecosystem, <00:04:51.140>are <00:04:51.256>just <00:04:51.373>too <00:04:51.490>small <00:04:51.606>in <00:04:51.723>that <00:04:51.840>playing

00:04:52.230 --> 00:04:52.240 align:start position:0%
<00:04:52.230>are <00:04:52.231>just <00:04:52.233>too <00:04:52.234>small <00:04:52.236>in <00:04:52.237>that <00:04:52.239>playing

00:04:52.240 --> 00:04:54.909 align:start position:0%
<00:04:52.240>are <00:04:52.347>just <00:04:52.455>too <00:04:52.563>small <00:04:52.670>in <00:04:52.778>that <00:04:52.886>playing <00:04:52.993>field. <00:04:53.101>Uh <00:04:53.209>very <00:04:53.316>simple <00:04:53.424>comparison, <00:04:53.532>in <00:04:53.640>the

00:04:54.909 --> 00:04:54.919 align:start position:0%
<00:04:54.909>field. <00:04:54.910>Uh <00:04:54.912>very <00:04:54.913>simple <00:04:54.914>comparison, <00:04:54.916>in <00:04:54.918>the

00:04:54.919 --> 00:04:57.390 align:start position:0%
<00:04:54.919>field. <00:04:55.019>Uh <00:04:55.119>very <00:04:55.219>simple <00:04:55.318>comparison, <00:04:55.419>in <00:04:55.519>the <00:04:55.619>States, <00:04:55.719>you <00:04:55.818>start <00:04:55.919>a <00:04:56.019>company, <00:04:56.119>you <00:04:56.219>go <00:04:56.318>to

00:04:57.390 --> 00:04:57.400 align:start position:0%
<00:04:57.390>States, <00:04:57.391>you <00:04:57.392>start <00:04:57.393>a <00:04:57.395>company, <00:04:57.396>you <00:04:57.397>go <00:04:57.399>to

00:04:57.400 --> 00:04:59.510 align:start position:0%
<00:04:57.400>States, <00:04:57.493>you <00:04:57.586>start <00:04:57.679>a <00:04:57.773>company, <00:04:57.866>you <00:04:57.960>go <00:04:58.053>to <00:04:58.146>website, <00:04:58.239>you <00:04:58.333>click <00:04:58.426>a <00:04:58.520>button, <00:04:58.613>uh <00:04:58.706>you <00:04:58.799>send

00:04:59.510 --> 00:04:59.520 align:start position:0%
<00:04:59.510>website, <00:04:59.511>you <00:04:59.512>click <00:04:59.513>a <00:04:59.515>button, <00:04:59.516>uh <00:04:59.517>you <00:04:59.519>send

00:04:59.520 --> 00:05:00.670 align:start position:0%
<00:04:59.520>website, <00:04:59.635>you <00:04:59.750>click <00:04:59.865>a <00:04:59.980>button, <00:05:00.095>uh <00:05:00.210>you <00:05:00.325>send <00:05:00.440>an <00:05:00.555>email,

00:05:00.670 --> 00:05:00.680 align:start position:0%
<00:05:00.670>an <00:05:00.679>email,

00:05:00.680 --> 00:05:01.990 align:start position:0%
<00:05:00.680>an <00:05:00.848>email, <00:05:01.016>investor <00:05:01.185>clicks <00:05:01.353>a <00:05:01.522>button, <00:05:01.690>they <00:05:01.859>have

00:05:01.990 --> 00:05:02.000 align:start position:0%
<00:05:01.990>investor <00:05:01.991>clicks <00:05:01.993>a <00:05:01.995>button, <00:05:01.997>they <00:05:01.999>have

00:05:02.000 --> 00:05:04.390 align:start position:0%
<00:05:02.000>investor <00:05:02.116>clicks <00:05:02.233>a <00:05:02.350>button, <00:05:02.466>they <00:05:02.583>have <00:05:02.700>invested <00:05:02.816>in <00:05:02.933>you. <00:05:03.050>Across <00:05:03.166>a <00:05:03.283>region, <00:05:03.400>that's

00:05:04.390 --> 00:05:04.400 align:start position:0%
<00:05:04.390>invested <00:05:04.391>in <00:05:04.393>you. <00:05:04.394>Across <00:05:04.395>a <00:05:04.397>region, <00:05:04.399>that's

00:05:04.400 --> 00:05:07.510 align:start position:0%
<00:05:04.400>invested <00:05:04.516>in <00:05:04.633>you. <00:05:04.750>Across <00:05:04.866>a <00:05:04.983>region, <00:05:05.099>that's <00:05:05.216>like <00:05:05.333>comparable <00:05:05.450>to <00:05:05.566>Europe. <00:05:05.683>And <00:05:05.799>in

00:05:07.510 --> 00:05:07.520 align:start position:0%
<00:05:07.510>like <00:05:07.511>comparable <00:05:07.513>to <00:05:07.515>Europe. <00:05:07.517>And <00:05:07.519>in

00:05:07.520 --> 00:05:09.270 align:start position:0%
<00:05:07.520>like <00:05:07.636>comparable <00:05:07.753>to <00:05:07.870>Europe. <00:05:07.986>And <00:05:08.103>in <00:05:08.219>Europe, <00:05:08.336>this <00:05:08.453>just <00:05:08.570>doesn't <00:05:08.686>happen. <00:05:08.803>Uh <00:05:08.919>in

00:05:09.270 --> 00:05:09.280 align:start position:0%
<00:05:09.270>Europe, <00:05:09.271>this <00:05:09.272>just <00:05:09.274>doesn't <00:05:09.275>happen. <00:05:09.277>Uh <00:05:09.279>in

00:05:09.280 --> 00:05:11.030 align:start position:0%
<00:05:09.280>Europe, <00:05:09.396>this <00:05:09.513>just <00:05:09.630>doesn't <00:05:09.746>happen. <00:05:09.863>Uh <00:05:09.979>in <00:05:10.096>Europe, <00:05:10.213>there's <00:05:10.330>like <00:05:10.446>less <00:05:10.563>than <00:05:10.679>18%

00:05:11.030 --> 00:05:11.040 align:start position:0%
<00:05:11.030>Europe, <00:05:11.031>there's <00:05:11.033>like <00:05:11.035>less <00:05:11.037>than <00:05:11.039>18%

00:05:11.040 --> 00:05:12.790 align:start position:0%
<00:05:11.040>Europe, <00:05:11.240>there's <00:05:11.440>like <00:05:11.640>less <00:05:11.840>than <00:05:12.040>18% <00:05:12.240>pan-European <00:05:12.440>investing.

00:05:12.790 --> 00:05:12.800 align:start position:0%
<00:05:12.790>pan-European <00:05:12.799>investing.

00:05:12.800 --> 00:05:16.110 align:start position:0%
<00:05:12.800>pan-European <00:05:12.955>investing. <00:05:13.111>Um <00:05:13.266>regulation <00:05:13.422>is <00:05:13.577>a <00:05:13.733>weird <00:05:13.888>thing. <00:05:14.044>Um <00:05:14.200>the

00:05:16.110 --> 00:05:16.120 align:start position:0%
<00:05:16.110>Um <00:05:16.111>regulation <00:05:16.112>is <00:05:16.113>a <00:05:16.115>weird <00:05:16.116>thing. <00:05:16.117>Um <00:05:16.119>the

00:05:16.120 --> 00:05:17.430 align:start position:0%
<00:05:16.120>Um <00:05:16.204>regulation <00:05:16.288>is <00:05:16.372>a <00:05:16.456>weird <00:05:16.541>thing. <00:05:16.625>Um <00:05:16.709>the <00:05:16.793>way <00:05:16.877>I <00:05:16.962>think <00:05:17.046>of <00:05:17.130>this, <00:05:17.214>we <00:05:17.299>need

00:05:17.430 --> 00:05:17.440 align:start position:0%
<00:05:17.430>way <00:05:17.431>I <00:05:17.433>think <00:05:17.434>of <00:05:17.436>this, <00:05:17.437>we <00:05:17.439>need

00:05:17.440 --> 00:05:19.870 align:start position:0%
<00:05:17.440>way <00:05:17.580>I <00:05:17.719>think <00:05:17.860>of <00:05:18.000>this, <00:05:18.140>we <00:05:18.280>need <00:05:18.420>pan-European <00:05:18.560>solutions <00:05:18.700>to <00:05:18.840>pan-European

00:05:19.870 --> 00:05:19.880 align:start position:0%
<00:05:19.870>pan-European <00:05:19.873>solutions <00:05:19.876>to <00:05:19.879>pan-European

00:05:19.880 --> 00:05:21.870 align:start position:0%
<00:05:19.880>pan-European <00:05:20.055>solutions <00:05:20.230>to <00:05:20.405>pan-European <00:05:20.580>problems. <00:05:20.755>And <00:05:20.930>fragmentation <00:05:21.105>is <00:05:21.280>the

00:05:21.870 --> 00:05:21.880 align:start position:0%
<00:05:21.870>problems. <00:05:21.872>And <00:05:21.874>fragmentation <00:05:21.876>is <00:05:21.879>the

00:05:21.880 --> 00:05:23.710 align:start position:0%
<00:05:21.880>problems. <00:05:22.055>And <00:05:22.230>fragmentation <00:05:22.405>is <00:05:22.580>the <00:05:22.755>biggest <00:05:22.930>problem <00:05:23.105>we <00:05:23.280>have.

00:05:23.710 --> 00:05:23.720 align:start position:0%
<00:05:23.710>biggest <00:05:23.712>problem <00:05:23.716>we <00:05:23.719>have.

00:05:23.720 --> 00:05:26.110 align:start position:0%
<00:05:23.720>biggest <00:05:23.836>problem <00:05:23.953>we <00:05:24.070>have. <00:05:24.186>Uh <00:05:24.303>so, <00:05:24.420>one <00:05:24.536>thing <00:05:24.653>we <00:05:24.770>started <00:05:24.886>uh <00:05:25.003>2 <00:05:25.120>years

00:05:26.110 --> 00:05:26.120 align:start position:0%
<00:05:26.110>Uh <00:05:26.111>so, <00:05:26.112>one <00:05:26.113>thing <00:05:26.114>we <00:05:26.115>started <00:05:26.116>uh <00:05:26.117>2 <00:05:26.119>years

00:05:26.120 --> 00:05:27.710 align:start position:0%
<00:05:26.120>Uh <00:05:26.213>so, <00:05:26.306>one <00:05:26.400>thing <00:05:26.493>we <00:05:26.586>started <00:05:26.680>uh <00:05:26.773>2 <00:05:26.866>years <00:05:26.960>ago <00:05:27.053>is <00:05:27.146>an <00:05:27.240>initiative <00:05:27.333>to <00:05:27.426>create <00:05:27.520>a

00:05:27.710 --> 00:05:27.720 align:start position:0%
<00:05:27.710>ago <00:05:27.711>is <00:05:27.712>an <00:05:27.714>initiative <00:05:27.716>to <00:05:27.717>create <00:05:27.719>a

00:05:27.720 --> 00:05:30.430 align:start position:0%
<00:05:27.720>ago <00:05:27.836>is <00:05:27.953>an <00:05:28.070>initiative <00:05:28.186>to <00:05:28.303>create <00:05:28.420>a <00:05:28.536>pan-European <00:05:28.653>legal <00:05:28.770>entity. <00:05:28.886>So, <00:05:29.003>that <00:05:29.120>uh

00:05:30.430 --> 00:05:30.440 align:start position:0%
<00:05:30.430>pan-European <00:05:30.431>legal <00:05:30.433>entity. <00:05:30.435>So, <00:05:30.437>that <00:05:30.439>uh

00:05:30.440 --> 00:05:32.790 align:start position:0%
<00:05:30.440>pan-European <00:05:30.540>legal <00:05:30.640>entity. <00:05:30.740>So, <00:05:30.840>that <00:05:30.940>uh <00:05:31.040>you <00:05:31.140>as <00:05:31.240>a <00:05:31.340>founder <00:05:31.440>can <00:05:31.540>in <00:05:31.640>Europe <00:05:31.740>say, <00:05:31.840>I

00:05:32.790 --> 00:05:32.800 align:start position:0%
<00:05:32.790>you <00:05:32.791>as <00:05:32.792>a <00:05:32.793>founder <00:05:32.794>can <00:05:32.795>in <00:05:32.796>Europe <00:05:32.797>say, <00:05:32.799>I

00:05:32.800 --> 00:05:34.790 align:start position:0%
<00:05:32.800>you <00:05:32.900>as <00:05:33.000>a <00:05:33.100>founder <00:05:33.200>can <00:05:33.300>in <00:05:33.400>Europe <00:05:33.500>say, <00:05:33.600>I <00:05:33.700>create <00:05:33.800>an <00:05:33.900>entity, <00:05:34.000>and <00:05:34.100>every <00:05:34.200>investor

00:05:34.790 --> 00:05:34.800 align:start position:0%
<00:05:34.790>create <00:05:34.791>an <00:05:34.793>entity, <00:05:34.795>and <00:05:34.797>every <00:05:34.799>investor

00:05:34.800 --> 00:05:37.790 align:start position:0%
<00:05:34.800>create <00:05:34.907>an <00:05:35.015>entity, <00:05:35.123>and <00:05:35.230>every <00:05:35.338>investor <00:05:35.446>globally <00:05:35.553>knows <00:05:35.661>how <00:05:35.769>to <00:05:35.876>invest <00:05:35.984>in <00:05:36.092>it. <00:05:36.200>This

00:05:37.790 --> 00:05:37.800 align:start position:0%
<00:05:37.790>globally <00:05:37.791>knows <00:05:37.792>how <00:05:37.793>to <00:05:37.795>invest <00:05:37.796>in <00:05:37.797>it. <00:05:37.799>This

00:05:37.800 --> 00:05:39.230 align:start position:0%
<00:05:37.800>globally <00:05:37.891>knows <00:05:37.983>how <00:05:38.075>to <00:05:38.167>invest <00:05:38.259>in <00:05:38.351>it. <00:05:38.443>This <00:05:38.535>is <00:05:38.627>actually <00:05:38.719>currently <00:05:38.811>in <00:05:38.903>the <00:05:38.995>process <00:05:39.087>of

00:05:39.230 --> 00:05:39.240 align:start position:0%
<00:05:39.230>is <00:05:39.231>actually <00:05:39.233>currently <00:05:39.234>in <00:05:39.236>the <00:05:39.237>process <00:05:39.239>of

00:05:39.240 --> 00:05:41.430 align:start position:0%
<00:05:39.240>is <00:05:39.356>actually <00:05:39.473>currently <00:05:39.590>in <00:05:39.706>the <00:05:39.823>process <00:05:39.940>of <00:05:40.056>becoming <00:05:40.173>European <00:05:40.290>law, <00:05:40.406>gets <00:05:40.523>voted <00:05:40.640>on

00:05:41.430 --> 00:05:41.440 align:start position:0%
<00:05:41.430>becoming <00:05:41.431>European <00:05:41.433>law, <00:05:41.435>gets <00:05:41.437>voted <00:05:41.439>on

00:05:41.440 --> 00:05:43.390 align:start position:0%
<00:05:41.440>becoming <00:05:41.556>European <00:05:41.673>law, <00:05:41.790>gets <00:05:41.906>voted <00:05:42.023>on <00:05:42.140>after <00:05:42.256>end <00:05:42.373>of <00:05:42.490>summer, <00:05:42.606>and <00:05:42.723>the <00:05:42.840>president

00:05:43.390 --> 00:05:43.400 align:start position:0%
<00:05:43.390>after <00:05:43.391>end <00:05:43.393>of <00:05:43.394>summer, <00:05:43.395>and <00:05:43.397>the <00:05:43.399>president

00:05:43.400 --> 00:05:45.390 align:start position:0%
<00:05:43.400>after <00:05:43.500>end <00:05:43.599>of <00:05:43.700>summer, <00:05:43.799>and <00:05:43.900>the <00:05:44.000>president <00:05:44.099>wants <00:05:44.200>to <00:05:44.299>implement <00:05:44.400>it <00:05:44.500>by <00:05:44.599>end <00:05:44.700>of <00:05:44.799>this

00:05:45.390 --> 00:05:45.400 align:start position:0%
<00:05:45.390>wants <00:05:45.391>to <00:05:45.392>implement <00:05:45.393>it <00:05:45.395>by <00:05:45.396>end <00:05:45.397>of <00:05:45.399>this

00:05:45.400 --> 00:05:48.870 align:start position:0%
<00:05:45.400>wants <00:05:45.493>to <00:05:45.586>implement <00:05:45.679>it <00:05:45.773>by <00:05:45.866>end <00:05:45.960>of <00:05:46.053>this <00:05:46.146>year. <00:05:46.239>Um <00:05:46.333>I <00:05:46.426>think <00:05:46.520>Brussels <00:05:46.613>gets <00:05:46.706>the <00:05:46.799>rap

00:05:48.870 --> 00:05:48.880 align:start position:0%
<00:05:48.870>year. <00:05:48.871>Um <00:05:48.872>I <00:05:48.873>think <00:05:48.875>Brussels <00:05:48.876>gets <00:05:48.877>the <00:05:48.879>rap

00:05:48.880 --> 00:05:50.470 align:start position:0%
<00:05:48.880>year. <00:05:48.980>Um <00:05:49.080>I <00:05:49.180>think <00:05:49.280>Brussels <00:05:49.380>gets <00:05:49.480>the <00:05:49.580>rap <00:05:49.680>of <00:05:49.780>being <00:05:49.880>a <00:05:49.980>shadow <00:05:50.080>government <00:05:50.180>when <00:05:50.280>in

00:05:50.470 --> 00:05:50.480 align:start position:0%
<00:05:50.470>of <00:05:50.471>being <00:05:50.473>a <00:05:50.474>shadow <00:05:50.476>government <00:05:50.477>when <00:05:50.479>in

00:05:50.480 --> 00:05:52.030 align:start position:0%
<00:05:50.480>of <00:05:50.596>being <00:05:50.712>a <00:05:50.828>shadow <00:05:50.945>government <00:05:51.061>when <00:05:51.177>in <00:05:51.293>reality <00:05:51.409>it's <00:05:51.526>a <00:05:51.642>debate <00:05:51.758>club <00:05:51.875>for

00:05:52.030 --> 00:05:52.040 align:start position:0%
<00:05:52.030>reality <00:05:52.031>it's <00:05:52.033>a <00:05:52.035>debate <00:05:52.037>club <00:05:52.039>for

00:05:52.040 --> 00:05:53.230 align:start position:0%
<00:05:52.040>reality <00:05:52.218>it's <00:05:52.397>a <00:05:52.575>debate <00:05:52.754>club <00:05:52.932>for <00:05:53.111>countries.

00:05:53.230 --> 00:05:53.240 align:start position:0%
countries.

00:05:53.240 --> 00:05:55.830 align:start position:0%
<00:05:53.240>countries. <00:05:53.415>All <00:05:53.590>the <00:05:53.765>power <00:05:53.940>is <00:05:54.115>with <00:05:54.290>the <00:05:54.465>countries, <00:05:54.640>but

00:05:55.830 --> 00:05:55.840 align:start position:0%
<00:05:55.830>All <00:05:55.831>the <00:05:55.832>power <00:05:55.833>is <00:05:55.835>with <00:05:55.836>the <00:05:55.837>countries, <00:05:55.839>but

00:05:55.840 --> 00:05:57.230 align:start position:0%
<00:05:55.840>All <00:05:55.979>the <00:05:56.118>power <00:05:56.257>is <00:05:56.396>with <00:05:56.535>the <00:05:56.674>countries, <00:05:56.813>but <00:05:56.952>also <00:05:57.091>like

00:05:57.230 --> 00:05:57.240 align:start position:0%
<00:05:57.230>also <00:05:57.239>like

00:05:57.240 --> 00:05:59.230 align:start position:0%
<00:05:57.240>also <00:05:57.415>like <00:05:57.590>all <00:05:57.765>the <00:05:57.940>solution <00:05:58.115>space <00:05:58.290>for <00:05:58.465>me <00:05:58.640>personally

00:05:59.230 --> 00:05:59.240 align:start position:0%
<00:05:59.230>all <00:05:59.231>the <00:05:59.233>solution <00:05:59.234>space <00:05:59.236>for <00:05:59.237>me <00:05:59.239>personally

00:05:59.240 --> 00:06:01.270 align:start position:0%
<00:05:59.240>all <00:05:59.367>the <00:05:59.494>solution <00:05:59.621>space <00:05:59.749>for <00:05:59.876>me <00:06:00.003>personally <00:06:00.130>is <00:06:00.258>still <00:06:00.385>on <00:06:00.512>European <00:06:00.640>level.

00:06:01.270 --> 00:06:01.280 align:start position:0%
<00:06:01.270>is <00:06:01.272>still <00:06:01.274>on <00:06:01.276>European <00:06:01.279>level.

00:06:01.280 --> 00:06:02.870 align:start position:0%
<00:06:01.280>is <00:06:01.373>still <00:06:01.466>on <00:06:01.559>European <00:06:01.653>level. <00:06:01.746>So <00:06:01.840>I'm <00:06:01.933>I <00:06:02.026>don't <00:06:02.119>know <00:06:02.213>if <00:06:02.306>I'm <00:06:02.400>a <00:06:02.493>big <00:06:02.586>fan <00:06:02.679>of

00:06:02.870 --> 00:06:02.880 align:start position:0%
<00:06:02.870>So <00:06:02.870>I'm <00:06:02.871>I <00:06:02.872>don't <00:06:02.873>know <00:06:02.874>if <00:06:02.875>I'm <00:06:02.876>a <00:06:02.877>big <00:06:02.878>fan <00:06:02.879>of

00:06:02.880 --> 00:06:04.910 align:start position:0%
<00:06:02.880>So <00:06:02.953>I'm <00:06:03.027>I <00:06:03.101>don't <00:06:03.174>know <00:06:03.248>if <00:06:03.322>I'm <00:06:03.395>a <00:06:03.469>big <00:06:03.543>fan <00:06:03.616>of <00:06:03.690>GDPR, <00:06:03.764>the <00:06:03.837>AI <00:06:03.911>Act <00:06:03.985>and <00:06:04.058>all <00:06:04.132>this <00:06:04.206>kind <00:06:04.280>of

00:06:04.910 --> 00:06:04.920 align:start position:0%
<00:06:04.910>GDPR, <00:06:04.911>the <00:06:04.912>AI <00:06:04.913>Act <00:06:04.914>and <00:06:04.915>all <00:06:04.916>this <00:06:04.917>kind <00:06:04.919>of

00:06:04.920 --> 00:06:07.390 align:start position:0%
<00:06:04.920>GDPR, <00:06:05.013>the <00:06:05.106>AI <00:06:05.200>Act <00:06:05.293>and <00:06:05.386>all <00:06:05.480>this <00:06:05.573>kind <00:06:05.666>of <00:06:05.760>stuff. <00:06:05.853>All <00:06:05.946>of <00:06:06.040>them <00:06:06.133>have <00:06:06.226>the <00:06:06.320>false

00:06:07.390 --> 00:06:07.400 align:start position:0%
<00:06:07.390>stuff. <00:06:07.391>All <00:06:07.393>of <00:06:07.394>them <00:06:07.395>have <00:06:07.397>the <00:06:07.399>false

00:06:07.400 --> 00:06:09.430 align:start position:0%
<00:06:07.400>stuff. <00:06:07.507>All <00:06:07.615>of <00:06:07.723>them <00:06:07.830>have <00:06:07.938>the <00:06:08.046>false <00:06:08.153>assumption <00:06:08.261>that <00:06:08.369>a <00:06:08.476>lot <00:06:08.584>of <00:06:08.692>paper <00:06:08.799>trail

00:06:09.430 --> 00:06:09.440 align:start position:0%
<00:06:09.430>assumption <00:06:09.431>that <00:06:09.433>a <00:06:09.434>lot <00:06:09.436>of <00:06:09.437>paper <00:06:09.439>trail

00:06:09.440 --> 00:06:11.710 align:start position:0%
<00:06:09.440>assumption <00:06:09.547>that <00:06:09.655>a <00:06:09.763>lot <00:06:09.870>of <00:06:09.978>paper <00:06:10.086>trail <00:06:10.193>creates <00:06:10.301>safety, <00:06:10.409>which <00:06:10.516>I <00:06:10.624>just <00:06:10.732>don't <00:06:10.840>agree

00:06:11.710 --> 00:06:11.720 align:start position:0%
<00:06:11.710>creates <00:06:11.711>safety, <00:06:11.712>which <00:06:11.714>I <00:06:11.716>just <00:06:11.717>don't <00:06:11.719>agree

00:06:11.720 --> 00:06:13.990 align:start position:0%
<00:06:11.720>creates <00:06:11.820>safety, <00:06:11.920>which <00:06:12.020>I <00:06:12.120>just <00:06:12.220>don't <00:06:12.320>agree <00:06:12.420>with. <00:06:12.520>But <00:06:12.620>the <00:06:12.720>solutions <00:06:12.820>we <00:06:12.920>need <00:06:13.020>are <00:06:13.120>on

00:06:13.990 --> 00:06:14.000 align:start position:0%
<00:06:13.990>with. <00:06:13.991>But <00:06:13.992>the <00:06:13.993>solutions <00:06:13.995>we <00:06:13.996>need <00:06:13.997>are <00:06:13.999>on

00:06:14.000 --> 00:06:16.470 align:start position:0%
<00:06:14.000>with. <00:06:14.116>But <00:06:14.233>the <00:06:14.350>solutions <00:06:14.466>we <00:06:14.583>need <00:06:14.700>are <00:06:14.816>on <00:06:14.933>pan-European <00:06:15.050>scale <00:06:15.166>like <00:06:15.283>stock <00:06:15.400>exchanges,

00:06:16.470 --> 00:06:16.480 align:start position:0%
<00:06:16.470>pan-European <00:06:16.472>scale <00:06:16.474>like <00:06:16.476>stock <00:06:16.479>exchanges,

00:06:16.480 --> 00:06:18.590 align:start position:0%
<00:06:16.480>pan-European <00:06:16.655>scale <00:06:16.830>like <00:06:17.005>stock <00:06:17.180>exchanges, <00:06:17.355>legal <00:06:17.530>entities, <00:06:17.705>investment <00:06:17.880>tools,

00:06:18.590 --> 00:06:18.600 align:start position:0%
<00:06:18.590>legal <00:06:18.592>entities, <00:06:18.596>investment <00:06:18.599>tools,

00:06:18.600 --> 00:06:20.070 align:start position:0%
<00:06:18.600>legal <00:06:18.710>entities, <00:06:18.820>investment <00:06:18.930>tools, <00:06:19.041>employment, <00:06:19.151>and <00:06:19.261>so <00:06:19.371>on <00:06:19.482>and <00:06:19.592>so <00:06:19.702>on <00:06:19.812>and <00:06:19.923>so

00:06:20.070 --> 00:06:20.080 align:start position:0%
<00:06:20.070>employment, <00:06:20.071>and <00:06:20.072>so <00:06:20.073>on <00:06:20.074>and <00:06:20.075>so <00:06:20.076>on <00:06:20.077>and <00:06:20.079>so

00:06:20.080 --> 00:06:21.310 align:start position:0%
<00:06:20.080>employment, <00:06:20.203>and <00:06:20.325>so <00:06:20.449>on <00:06:20.572>and <00:06:20.695>so <00:06:20.818>on <00:06:20.941>and <00:06:21.064>so <00:06:21.187>on.

00:06:21.310 --> 00:06:21.320 align:start position:0%
on.

00:06:21.320 --> 00:06:22.830 align:start position:0%
<00:06:21.320>on. <00:06:21.489>And <00:06:21.659>you <00:06:21.829>can <00:06:21.999>only <00:06:22.169>do <00:06:22.339>this <00:06:22.509>on <00:06:22.679>European

00:06:22.830 --> 00:06:22.840 align:start position:0%
<00:06:22.830>And <00:06:22.831>you <00:06:22.832>can <00:06:22.833>only <00:06:22.835>do <00:06:22.836>this <00:06:22.837>on <00:06:22.839>European

00:06:22.840 --> 00:06:24.590 align:start position:0%
<00:06:22.840>And <00:06:23.015>you <00:06:23.190>can <00:06:23.364>only <00:06:23.539>do <00:06:23.715>this <00:06:23.890>on <00:06:24.065>European <00:06:24.239>level.

00:06:24.590 --> 00:06:24.600 align:start position:0%
level.

00:06:24.600 --> 00:06:25.750 align:start position:0%
<00:06:24.600>level. <00:06:25.117>&gt;&gt; <00:06:25.635>Okay.

00:06:25.750 --> 00:06:25.760 align:start position:0%
<00:06:25.750>&gt;&gt; <00:06:25.759>Okay.

00:06:25.760 --> 00:06:27.590 align:start position:0%
<00:06:25.760>&gt;&gt; <00:06:25.935>Okay. <00:06:26.110>Thank <00:06:26.284>you <00:06:26.460>for <00:06:26.635>your <00:06:26.810>first <00:06:26.985>statement <00:06:27.159>kind

00:06:27.590 --> 00:06:27.600 align:start position:0%
<00:06:27.590>Thank <00:06:27.591>you <00:06:27.592>for <00:06:27.594>your <00:06:27.596>first <00:06:27.597>statement <00:06:27.599>kind

00:06:27.600 --> 00:06:28.590 align:start position:0%
<00:06:27.600>Thank <00:06:27.727>you <00:06:27.854>for <00:06:27.981>your <00:06:28.109>first <00:06:28.236>statement <00:06:28.363>kind <00:06:28.491>of.

00:06:28.590 --> 00:06:28.600 align:start position:0%
of.

00:06:28.600 --> 00:06:30.350 align:start position:0%
<00:06:28.600>of. <00:06:28.950>Thomas, <00:06:29.300>what <00:06:29.650>about <00:06:30.000>you?

00:06:30.350 --> 00:06:30.360 align:start position:0%
<00:06:30.350>Thomas, <00:06:30.353>what <00:06:30.356>about <00:06:30.359>you?

00:06:30.360 --> 00:06:32.430 align:start position:0%
<00:06:30.360>Thomas, <00:06:30.593>what <00:06:30.826>about <00:06:31.060>you? <00:06:31.293>&gt;&gt; <00:06:31.526>Yeah, <00:06:31.760>so

00:06:32.430 --> 00:06:32.440 align:start position:0%
<00:06:32.430>&gt;&gt; <00:06:32.434>Yeah, <00:06:32.439>so

00:06:32.440 --> 00:06:36.510 align:start position:0%
<00:06:32.440>&gt;&gt; <00:06:32.580>Yeah, <00:06:32.719>so <00:06:32.860>I <00:06:33.000>use <00:06:33.140>my <00:06:33.280>daily <00:06:33.420>life <00:06:33.560>in <00:06:33.700>image <00:06:33.840>protection,

00:06:36.510 --> 00:06:36.520 align:start position:0%
<00:06:36.510>I <00:06:36.511>use <00:06:36.512>my <00:06:36.513>daily <00:06:36.515>life <00:06:36.516>in <00:06:36.517>image <00:06:36.519>protection,

00:06:36.520 --> 00:06:38.750 align:start position:0%
<00:06:36.520>I <00:06:36.620>use <00:06:36.719>my <00:06:36.820>daily <00:06:36.919>life <00:06:37.020>in <00:06:37.120>image <00:06:37.219>protection, <00:06:37.320>which <00:06:37.419>I <00:06:37.520>believe <00:06:37.620>is <00:06:37.719>important. <00:06:37.820>I <00:06:37.919>believe

00:06:38.750 --> 00:06:38.760 align:start position:0%
<00:06:38.750>which <00:06:38.751>I <00:06:38.753>believe <00:06:38.754>is <00:06:38.756>important. <00:06:38.757>I <00:06:38.759>believe

00:06:38.760 --> 00:06:40.710 align:start position:0%
<00:06:38.760>which <00:06:38.867>I <00:06:38.975>believe <00:06:39.083>is <00:06:39.190>important. <00:06:39.298>I <00:06:39.406>believe <00:06:39.513>it's <00:06:39.621>important <00:06:39.729>that <00:06:39.836>the <00:06:39.944>rights <00:06:40.052>we <00:06:40.159>have

00:06:40.710 --> 00:06:40.720 align:start position:0%
<00:06:40.710>it's <00:06:40.711>important <00:06:40.712>that <00:06:40.714>the <00:06:40.716>rights <00:06:40.717>we <00:06:40.719>have

00:06:40.720 --> 00:06:43.670 align:start position:0%
<00:06:40.720>it's <00:06:40.827>important <00:06:40.935>that <00:06:41.043>the <00:06:41.150>rights <00:06:41.258>we <00:06:41.366>have <00:06:41.473>in <00:06:41.581>the <00:06:41.689>physical <00:06:41.796>world <00:06:41.904>is <00:06:42.012>also <00:06:42.120>applicable

00:06:43.670 --> 00:06:43.680 align:start position:0%
<00:06:43.670>in <00:06:43.671>the <00:06:43.673>physical <00:06:43.674>world <00:06:43.676>is <00:06:43.677>also <00:06:43.679>applicable

00:06:43.680 --> 00:06:46.270 align:start position:0%
<00:06:43.680>in <00:06:43.807>the <00:06:43.934>physical <00:06:44.061>world <00:06:44.189>is <00:06:44.316>also <00:06:44.443>applicable <00:06:44.570>to <00:06:44.698>the <00:06:44.825>digital <00:06:44.952>world. <00:06:45.080>Um

00:06:46.270 --> 00:06:46.280 align:start position:0%
<00:06:46.270>to <00:06:46.272>the <00:06:46.274>digital <00:06:46.276>world. <00:06:46.279>Um

00:06:46.280 --> 00:06:48.750 align:start position:0%
<00:06:46.280>to <00:06:46.407>the <00:06:46.534>digital <00:06:46.661>world. <00:06:46.789>Um <00:06:46.916>I <00:06:47.043>actually <00:06:47.170>like <00:06:47.298>the <00:06:47.425>values <00:06:47.552>behind <00:06:47.679>the

00:06:48.750 --> 00:06:48.760 align:start position:0%
<00:06:48.750>I <00:06:48.751>actually <00:06:48.753>like <00:06:48.754>the <00:06:48.756>values <00:06:48.757>behind <00:06:48.759>the

00:06:48.760 --> 00:06:50.710 align:start position:0%
<00:06:48.760>I <00:06:48.900>actually <00:06:49.039>like <00:06:49.180>the <00:06:49.320>values <00:06:49.460>behind <00:06:49.599>the <00:06:49.740>laws <00:06:49.880>we <00:06:50.020>see <00:06:50.159>today.

00:06:50.710 --> 00:06:50.720 align:start position:0%
<00:06:50.710>laws <00:06:50.712>we <00:06:50.716>see <00:06:50.719>today.

00:06:50.720 --> 00:06:52.990 align:start position:0%
<00:06:50.720>laws <00:06:50.847>we <00:06:50.974>see <00:06:51.101>today. <00:06:51.229>I <00:06:51.356>like <00:06:51.483>what's <00:06:51.610>behind <00:06:51.738>the <00:06:51.865>EU <00:06:51.992>Act, <00:06:52.120>the

00:06:52.990 --> 00:06:53.000 align:start position:0%
<00:06:52.990>I <00:06:52.991>like <00:06:52.992>what's <00:06:52.993>behind <00:06:52.995>the <00:06:52.996>EU <00:06:52.997>Act, <00:06:52.999>the

00:06:53.000 --> 00:06:57.030 align:start position:0%
<00:06:53.000>I <00:06:53.100>like <00:06:53.200>what's <00:06:53.300>behind <00:06:53.400>the <00:06:53.500>EU <00:06:53.600>Act, <00:06:53.700>the <00:06:53.800>right <00:06:53.900>to <00:06:54.000>know <00:06:54.100>if <00:06:54.200>something <00:06:54.300>is <00:06:54.400>invented

00:06:57.030 --> 00:06:57.040 align:start position:0%
<00:06:57.030>right <00:06:57.031>to <00:06:57.033>know <00:06:57.034>if <00:06:57.036>something <00:06:57.037>is <00:06:57.039>invented

00:06:57.040 --> 00:06:59.830 align:start position:0%
<00:06:57.040>right <00:06:57.180>to <00:06:57.320>know <00:06:57.460>if <00:06:57.600>something <00:06:57.740>is <00:06:57.880>invented <00:06:58.020>or <00:06:58.160>is <00:06:58.300>original <00:06:58.440>or

00:06:59.830 --> 00:06:59.840 align:start position:0%
<00:06:59.830>or <00:06:59.832>is <00:06:59.836>original <00:06:59.839>or

00:06:59.840 --> 00:07:03.110 align:start position:0%
<00:06:59.840>or <00:06:59.967>is <00:07:00.094>original <00:07:00.221>or <00:07:00.349>that <00:07:00.476>you <00:07:00.603>can <00:07:00.730>say <00:07:00.858>your <00:07:00.985>content <00:07:01.112>online <00:07:01.240>is

00:07:03.110 --> 00:07:03.120 align:start position:0%
<00:07:03.110>that <00:07:03.111>you <00:07:03.112>can <00:07:03.113>say <00:07:03.115>your <00:07:03.116>content <00:07:03.117>online <00:07:03.119>is

00:07:03.120 --> 00:07:05.550 align:start position:0%
<00:07:03.120>that <00:07:03.236>you <00:07:03.353>can <00:07:03.470>say <00:07:03.586>your <00:07:03.703>content <00:07:03.820>online <00:07:03.936>is <00:07:04.053>respected <00:07:04.170>as <00:07:04.286>you <00:07:04.403>intended <00:07:04.520>it.

00:07:05.550 --> 00:07:05.560 align:start position:0%
<00:07:05.550>respected <00:07:05.552>as <00:07:05.554>you <00:07:05.556>intended <00:07:05.559>it.

00:07:05.560 --> 00:07:07.510 align:start position:0%
<00:07:05.560>respected <00:07:05.676>as <00:07:05.793>you <00:07:05.910>intended <00:07:06.026>it. <00:07:06.143>And <00:07:06.260>I <00:07:06.376>believe <00:07:06.493>that <00:07:06.610>the <00:07:06.726>summary <00:07:06.843>of <00:07:06.960>these

00:07:07.510 --> 00:07:07.520 align:start position:0%
<00:07:07.510>And <00:07:07.511>I <00:07:07.512>believe <00:07:07.513>that <00:07:07.515>the <00:07:07.516>summary <00:07:07.517>of <00:07:07.519>these

00:07:07.520 --> 00:07:09.270 align:start position:0%
<00:07:07.520>And <00:07:07.620>I <00:07:07.719>believe <00:07:07.820>that <00:07:07.919>the <00:07:08.020>summary <00:07:08.120>of <00:07:08.219>these <00:07:08.320>laws <00:07:08.419>are <00:07:08.520>actually <00:07:08.620>that <00:07:08.719>you <00:07:08.820>should <00:07:08.919>have

00:07:09.270 --> 00:07:09.280 align:start position:0%
<00:07:09.270>laws <00:07:09.271>are <00:07:09.272>actually <00:07:09.274>that <00:07:09.275>you <00:07:09.277>should <00:07:09.279>have

00:07:09.280 --> 00:07:11.430 align:start position:0%
<00:07:09.280>laws <00:07:09.387>are <00:07:09.495>actually <00:07:09.603>that <00:07:09.710>you <00:07:09.818>should <00:07:09.926>have <00:07:10.033>these <00:07:10.141>rights <00:07:10.249>online, <00:07:10.356>and <00:07:10.464>in <00:07:10.572>Europe <00:07:10.679>we

00:07:11.430 --> 00:07:11.440 align:start position:0%
<00:07:11.430>these <00:07:11.431>rights <00:07:11.433>online, <00:07:11.434>and <00:07:11.436>in <00:07:11.437>Europe <00:07:11.439>we

00:07:11.440 --> 00:07:13.310 align:start position:0%
<00:07:11.440>these <00:07:11.547>rights <00:07:11.655>online, <00:07:11.763>and <00:07:11.870>in <00:07:11.978>Europe <00:07:12.086>we <00:07:12.193>want <00:07:12.301>to <00:07:12.409>prioritize <00:07:12.516>them. <00:07:12.624>We <00:07:12.732>believe <00:07:12.840>that

00:07:13.310 --> 00:07:13.320 align:start position:0%
<00:07:13.310>want <00:07:13.311>to <00:07:13.313>prioritize <00:07:13.314>them. <00:07:13.316>We <00:07:13.317>believe <00:07:13.319>that

00:07:13.320 --> 00:07:15.470 align:start position:0%
<00:07:13.320>want <00:07:13.447>to <00:07:13.574>prioritize <00:07:13.701>them. <00:07:13.829>We <00:07:13.956>believe <00:07:14.083>that <00:07:14.210>these <00:07:14.338>rights <00:07:14.465>should <00:07:14.592>be <00:07:14.719>there.

00:07:15.470 --> 00:07:15.480 align:start position:0%
<00:07:15.470>these <00:07:15.472>rights <00:07:15.474>should <00:07:15.476>be <00:07:15.479>there.

00:07:15.480 --> 00:07:18.830 align:start position:0%
<00:07:15.480>these <00:07:15.596>rights <00:07:15.713>should <00:07:15.830>be <00:07:15.946>there. <00:07:16.063>I <00:07:16.180>was <00:07:16.296>so <00:07:16.413>fortunate <00:07:16.530>to <00:07:16.646>talk <00:07:16.763>at <00:07:16.880>um

00:07:18.830 --> 00:07:18.840 align:start position:0%
<00:07:18.830>I <00:07:18.831>was <00:07:18.832>so <00:07:18.833>fortunate <00:07:18.835>to <00:07:18.836>talk <00:07:18.837>at <00:07:18.839>um

00:07:18.840 --> 00:07:21.750 align:start position:0%
<00:07:18.840>I <00:07:18.947>was <00:07:19.055>so <00:07:19.163>fortunate <00:07:19.270>to <00:07:19.378>talk <00:07:19.486>at <00:07:19.593>um <00:07:19.701>at <00:07:19.809>a <00:07:19.916>high-stakes <00:07:20.024>meeting <00:07:20.132>European <00:07:20.239>summit

00:07:21.750 --> 00:07:21.760 align:start position:0%
<00:07:21.750>at <00:07:21.751>a <00:07:21.753>high-stakes <00:07:21.755>meeting <00:07:21.757>European <00:07:21.759>summit

00:07:21.760 --> 00:07:23.350 align:start position:0%
<00:07:21.760>at <00:07:21.960>a <00:07:22.159>high-stakes <00:07:22.360>meeting <00:07:22.560>European <00:07:22.760>summit <00:07:22.960>in <00:07:23.159>Copenhagen

00:07:23.350 --> 00:07:23.360 align:start position:0%
<00:07:23.350>in <00:07:23.359>Copenhagen

00:07:23.360 --> 00:07:25.110 align:start position:0%
<00:07:23.360>in <00:07:23.535>Copenhagen <00:07:23.710>to <00:07:23.885>all <00:07:24.060>the <00:07:24.235>ministries <00:07:24.410>of <00:07:24.585>the <00:07:24.760>European

00:07:25.110 --> 00:07:25.120 align:start position:0%
<00:07:25.110>to <00:07:25.111>all <00:07:25.113>the <00:07:25.114>ministries <00:07:25.116>of <00:07:25.117>the <00:07:25.119>European

00:07:25.120 --> 00:07:28.470 align:start position:0%
<00:07:25.120>to <00:07:25.247>all <00:07:25.374>the <00:07:25.501>ministries <00:07:25.629>of <00:07:25.756>the <00:07:25.883>European <00:07:26.010>Union <00:07:26.138>in <00:07:26.265>digital <00:07:26.392>in <00:07:26.520>digitalization.

00:07:28.470 --> 00:07:28.480 align:start position:0%
<00:07:28.470>Union <00:07:28.472>in <00:07:28.474>digital <00:07:28.476>in <00:07:28.479>digitalization.

00:07:28.480 --> 00:07:30.590 align:start position:0%
<00:07:28.480>Union <00:07:28.607>in <00:07:28.734>digital <00:07:28.861>in <00:07:28.989>digitalization. <00:07:29.116>And <00:07:29.243>what <00:07:29.370>I <00:07:29.498>found <00:07:29.625>really <00:07:29.752>interesting <00:07:29.880>was

00:07:30.590 --> 00:07:30.600 align:start position:0%
<00:07:30.590>And <00:07:30.591>what <00:07:30.592>I <00:07:30.594>found <00:07:30.596>really <00:07:30.597>interesting <00:07:30.599>was

00:07:30.600 --> 00:07:32.270 align:start position:0%
<00:07:30.600>And <00:07:30.716>what <00:07:30.833>I <00:07:30.950>found <00:07:31.066>really <00:07:31.183>interesting <00:07:31.300>was <00:07:31.416>of <00:07:31.533>course <00:07:31.650>their <00:07:31.766>passion <00:07:31.883>towards <00:07:32.000>actually

00:07:32.270 --> 00:07:32.280 align:start position:0%
<00:07:32.270>of <00:07:32.271>course <00:07:32.273>their <00:07:32.275>passion <00:07:32.277>towards <00:07:32.279>actually

00:07:32.280 --> 00:07:35.310 align:start position:0%
<00:07:32.280>of <00:07:32.387>course <00:07:32.495>their <00:07:32.603>passion <00:07:32.710>towards <00:07:32.818>actually <00:07:32.926>giving <00:07:33.033>us <00:07:33.141>these <00:07:33.249>rights, <00:07:33.356>but <00:07:33.464>also <00:07:33.572>we <00:07:33.679>went

00:07:35.310 --> 00:07:35.320 align:start position:0%
<00:07:35.310>giving <00:07:35.311>us <00:07:35.312>these <00:07:35.313>rights, <00:07:35.315>but <00:07:35.316>also <00:07:35.317>we <00:07:35.319>went

00:07:35.320 --> 00:07:38.150 align:start position:0%
<00:07:35.320>giving <00:07:35.402>us <00:07:35.484>these <00:07:35.567>rights, <00:07:35.649>but <00:07:35.731>also <00:07:35.814>we <00:07:35.896>went <00:07:35.978>a <00:07:36.061>bit <00:07:36.143>deep <00:07:36.225>on <00:07:36.308>on <00:07:36.390>law, <00:07:36.472>which <00:07:36.555>for <00:07:36.637>me <00:07:36.719>was

00:07:38.150 --> 00:07:38.160 align:start position:0%
<00:07:38.150>a <00:07:38.150>bit <00:07:38.152>deep <00:07:38.152>on <00:07:38.154>on <00:07:38.155>law, <00:07:38.155>which <00:07:38.157>for <00:07:38.157>me <00:07:38.159>was

00:07:38.160 --> 00:07:40.950 align:start position:0%
<00:07:38.159>a <00:07:38.247>bit <00:07:38.335>deep <00:07:38.422>on <00:07:38.510>on <00:07:38.597>law, <00:07:38.684>which <00:07:38.772>for <00:07:38.859>me <00:07:38.947>was <00:07:39.034>pretty <00:07:39.122>exciting. <00:07:39.210>Because <00:07:39.297>what <00:07:39.385>I <00:07:39.472>see <00:07:39.559>is

00:07:40.950 --> 00:07:40.960 align:start position:0%
<00:07:40.950>pretty <00:07:40.951>exciting. <00:07:40.953>Because <00:07:40.954>what <00:07:40.955>I <00:07:40.957>see <00:07:40.959>is

00:07:40.960 --> 00:07:43.030 align:start position:0%
<00:07:40.960>pretty <00:07:41.067>exciting. <00:07:41.175>Because <00:07:41.283>what <00:07:41.390>I <00:07:41.498>see <00:07:41.606>is <00:07:41.713>they're <00:07:41.821>actually <00:07:41.929>trying <00:07:42.036>to <00:07:42.144>to <00:07:42.252>give <00:07:42.359>us

00:07:43.030 --> 00:07:43.040 align:start position:0%
<00:07:43.030>they're <00:07:43.031>actually <00:07:43.033>trying <00:07:43.034>to <00:07:43.036>to <00:07:43.037>give <00:07:43.039>us

00:07:43.040 --> 00:07:45.190 align:start position:0%
<00:07:43.040>they're <00:07:43.147>actually <00:07:43.255>trying <00:07:43.363>to <00:07:43.470>to <00:07:43.578>give <00:07:43.686>us <00:07:43.793>these <00:07:43.901>rights, <00:07:44.009>but <00:07:44.116>they're <00:07:44.224>also <00:07:44.332>trying <00:07:44.440>to

00:07:45.190 --> 00:07:45.200 align:start position:0%
<00:07:45.190>these <00:07:45.191>rights, <00:07:45.193>but <00:07:45.194>they're <00:07:45.195>also <00:07:45.197>trying <00:07:45.199>to

00:07:45.200 --> 00:07:48.190 align:start position:0%
<00:07:45.200>these <00:07:45.300>rights, <00:07:45.400>but <00:07:45.500>they're <00:07:45.599>also <00:07:45.700>trying <00:07:45.800>to <00:07:45.900>create <00:07:46.000>the <00:07:46.099>law <00:07:46.200>in <00:07:46.300>a <00:07:46.400>way <00:07:46.500>that <00:07:46.599>it's

00:07:48.190 --> 00:07:48.200 align:start position:0%
<00:07:48.190>create <00:07:48.191>the <00:07:48.192>law <00:07:48.193>in <00:07:48.195>a <00:07:48.196>way <00:07:48.197>that <00:07:48.199>it's

00:07:48.200 --> 00:07:51.350 align:start position:0%
<00:07:48.200>create <00:07:48.300>the <00:07:48.400>law <00:07:48.500>in <00:07:48.599>a <00:07:48.700>way <00:07:48.800>that <00:07:48.900>it's <00:07:49.000>not <00:07:49.099>saying <00:07:49.200>how <00:07:49.300>they <00:07:49.400>should <00:07:49.500>apply <00:07:49.599>and

00:07:51.350 --> 00:07:51.360 align:start position:0%
<00:07:51.350>not <00:07:51.351>saying <00:07:51.353>how <00:07:51.354>they <00:07:51.356>should <00:07:51.357>apply <00:07:51.359>and

00:07:51.360 --> 00:07:53.790 align:start position:0%
<00:07:51.360>not <00:07:51.476>saying <00:07:51.593>how <00:07:51.710>they <00:07:51.826>should <00:07:51.943>apply <00:07:52.060>and <00:07:52.176>secure <00:07:52.293>these <00:07:52.410>rights. <00:07:52.526>They're <00:07:52.643>just <00:07:52.760>saying

00:07:53.790 --> 00:07:53.800 align:start position:0%
<00:07:53.790>secure <00:07:53.791>these <00:07:53.793>rights. <00:07:53.795>They're <00:07:53.797>just <00:07:53.799>saying

00:07:53.800 --> 00:07:56.830 align:start position:0%
<00:07:53.800>secure <00:07:53.907>these <00:07:54.015>rights. <00:07:54.123>They're <00:07:54.230>just <00:07:54.338>saying <00:07:54.446>you <00:07:54.553>need <00:07:54.661>to <00:07:54.769>secure <00:07:54.876>these <00:07:54.984>rights <00:07:55.092>and <00:07:55.200>then

00:07:56.830 --> 00:07:56.840 align:start position:0%
<00:07:56.830>you <00:07:56.831>need <00:07:56.832>to <00:07:56.833>secure <00:07:56.835>these <00:07:56.836>rights <00:07:56.837>and <00:07:56.839>then

00:07:56.840 --> 00:07:59.110 align:start position:0%
<00:07:56.840>you <00:07:56.927>need <00:07:57.015>to <00:07:57.102>secure <00:07:57.190>these <00:07:57.277>rights <00:07:57.365>and <00:07:57.452>then <00:07:57.540>as <00:07:57.627>well <00:07:57.715>as <00:07:57.802>you <00:07:57.890>can <00:07:57.977>and <00:07:58.065>then <00:07:58.152>we'll <00:07:58.240>look

00:07:59.110 --> 00:07:59.120 align:start position:0%
<00:07:59.110>as <00:07:59.111>well <00:07:59.112>as <00:07:59.113>you <00:07:59.114>can <00:07:59.115>and <00:07:59.116>then <00:07:59.117>we'll <00:07:59.119>look

00:07:59.120 --> 00:08:01.590 align:start position:0%
<00:07:59.120>as <00:07:59.197>well <00:07:59.275>as <00:07:59.353>you <00:07:59.431>can <00:07:59.508>and <00:07:59.586>then <00:07:59.664>we'll <00:07:59.742>look <00:07:59.820>at <00:07:59.897>it <00:07:59.975>and <00:08:00.053>see <00:08:00.131>if <00:08:00.208>it <00:08:00.286>can <00:08:00.364>be <00:08:00.442>done <00:08:00.520>better.

00:08:01.590 --> 00:08:01.600 align:start position:0%
<00:08:01.590>at <00:08:01.591>it <00:08:01.592>and <00:08:01.592>see <00:08:01.594>if <00:08:01.595>it <00:08:01.596>can <00:08:01.597>be <00:08:01.598>done <00:08:01.599>better.

00:08:01.600 --> 00:08:03.350 align:start position:0%
<00:08:01.600>at <00:08:01.682>it <00:08:01.764>and <00:08:01.847>see <00:08:01.929>if <00:08:02.011>it <00:08:02.094>can <00:08:02.176>be <00:08:02.258>done <00:08:02.341>better. <00:08:02.423>So <00:08:02.505>I <00:08:02.588>think <00:08:02.670>what <00:08:02.752>European <00:08:02.835>law <00:08:02.917>is <00:08:03.000>trying

00:08:03.350 --> 00:08:03.360 align:start position:0%
<00:08:03.350>So <00:08:03.351>I <00:08:03.352>think <00:08:03.353>what <00:08:03.355>European <00:08:03.356>law <00:08:03.357>is <00:08:03.359>trying

00:08:03.360 --> 00:08:06.350 align:start position:0%
<00:08:03.360>So <00:08:03.467>I <00:08:03.575>think <00:08:03.683>what <00:08:03.790>European <00:08:03.898>law <00:08:04.006>is <00:08:04.113>trying <00:08:04.221>to <00:08:04.329>do <00:08:04.436>is <00:08:04.544>bringing <00:08:04.652>accountability <00:08:04.760>back.

00:08:06.350 --> 00:08:06.360 align:start position:0%
<00:08:06.350>to <00:08:06.351>do <00:08:06.353>is <00:08:06.355>bringing <00:08:06.357>accountability <00:08:06.359>back.

00:08:06.360 --> 00:08:08.230 align:start position:0%
<00:08:06.360>to <00:08:06.460>do <00:08:06.560>is <00:08:06.660>bringing <00:08:06.760>accountability <00:08:06.860>back. <00:08:06.960>That <00:08:07.060>can <00:08:07.160>also <00:08:07.260>be <00:08:07.360>too <00:08:07.460>tedious <00:08:07.560>with <00:08:07.660>a <00:08:07.760>lot

00:08:08.230 --> 00:08:08.240 align:start position:0%
<00:08:08.230>That <00:08:08.231>can <00:08:08.232>also <00:08:08.233>be <00:08:08.234>too <00:08:08.235>tedious <00:08:08.236>with <00:08:08.237>a <00:08:08.239>lot

00:08:08.240 --> 00:08:10.830 align:start position:0%
<00:08:08.240>That <00:08:08.327>can <00:08:08.415>also <00:08:08.502>be <00:08:08.590>too <00:08:08.677>tedious <00:08:08.765>with <00:08:08.852>a <00:08:08.940>lot <00:08:09.027>of <00:08:09.115>paperwork, <00:08:09.202>but <00:08:09.290>but <00:08:09.377>but <00:08:09.465>I <00:08:09.552>feel <00:08:09.640>that

00:08:10.830 --> 00:08:10.840 align:start position:0%
<00:08:10.830>of <00:08:10.831>paperwork, <00:08:10.832>but <00:08:10.833>but <00:08:10.835>but <00:08:10.836>I <00:08:10.837>feel <00:08:10.839>that

00:08:10.840 --> 00:08:12.870 align:start position:0%
<00:08:10.840>of <00:08:10.947>paperwork, <00:08:11.055>but <00:08:11.163>but <00:08:11.270>but <00:08:11.378>I <00:08:11.486>feel <00:08:11.593>that <00:08:11.701>the <00:08:11.809>mission <00:08:11.916>behind <00:08:12.024>it <00:08:12.132>is <00:08:12.239>definitely

00:08:12.870 --> 00:08:12.880 align:start position:0%
<00:08:12.870>the <00:08:12.871>mission <00:08:12.873>behind <00:08:12.875>it <00:08:12.877>is <00:08:12.879>definitely

00:08:12.880 --> 00:08:13.950 align:start position:0%
<00:08:12.880>the <00:08:13.040>mission <00:08:13.201>behind <00:08:13.361>it <00:08:13.522>is <00:08:13.682>definitely <00:08:13.842>strong.

00:08:13.950 --> 00:08:13.960 align:start position:0%
strong.

00:08:13.960 --> 00:08:16.070 align:start position:0%
<00:08:13.960>strong. <00:08:14.115>And <00:08:14.271>for <00:08:14.426>what <00:08:14.582>we <00:08:14.737>are <00:08:14.893>doing <00:08:15.048>because <00:08:15.204>we <00:08:15.359>can

00:08:16.070 --> 00:08:16.080 align:start position:0%
<00:08:16.070>And <00:08:16.071>for <00:08:16.072>what <00:08:16.073>we <00:08:16.074>are <00:08:16.075>doing <00:08:16.076>because <00:08:16.077>we <00:08:16.079>can

00:08:16.080 --> 00:08:19.630 align:start position:0%
<00:08:16.080>And <00:08:16.167>for <00:08:16.255>what <00:08:16.342>we <00:08:16.430>are <00:08:16.517>doing <00:08:16.604>because <00:08:16.692>we <00:08:16.780>can <00:08:16.867>actually <00:08:16.955>live <00:08:17.042>up <00:08:17.130>to <00:08:17.217>all <00:08:17.305>these <00:08:17.392>laws <00:08:17.479>is

00:08:19.630 --> 00:08:19.640 align:start position:0%
<00:08:19.630>actually <00:08:19.631>live <00:08:19.632>up <00:08:19.633>to <00:08:19.635>all <00:08:19.636>these <00:08:19.637>laws <00:08:19.639>is

00:08:19.640 --> 00:08:21.630 align:start position:0%
<00:08:19.640>actually <00:08:19.733>live <00:08:19.826>up <00:08:19.919>to <00:08:20.013>all <00:08:20.106>these <00:08:20.200>laws <00:08:20.293>is <00:08:20.386>that <00:08:20.479>we <00:08:20.573>we <00:08:20.666>have <00:08:20.760>created <00:08:20.853>a <00:08:20.946>framework <00:08:21.039>that

00:08:21.630 --> 00:08:21.640 align:start position:0%
<00:08:21.630>that <00:08:21.631>we <00:08:21.632>we <00:08:21.633>have <00:08:21.635>created <00:08:21.636>a <00:08:21.637>framework <00:08:21.639>that

00:08:21.640 --> 00:08:24.630 align:start position:0%
<00:08:21.640>that <00:08:21.740>we <00:08:21.840>we <00:08:21.940>have <00:08:22.039>created <00:08:22.140>a <00:08:22.240>framework <00:08:22.340>that <00:08:22.440>actually <00:08:22.539>is <00:08:22.640>empowering <00:08:22.740>these <00:08:22.840>laws <00:08:22.940>to <00:08:23.039>to

00:08:24.630 --> 00:08:24.640 align:start position:0%
<00:08:24.630>actually <00:08:24.631>is <00:08:24.633>empowering <00:08:24.634>these <00:08:24.635>laws <00:08:24.637>to <00:08:24.639>to

00:08:24.640 --> 00:08:25.870 align:start position:0%
<00:08:24.640>actually <00:08:24.778>is <00:08:24.916>empowering <00:08:25.055>these <00:08:25.193>laws <00:08:25.331>to <00:08:25.470>to <00:08:25.608>become <00:08:25.747>an

00:08:25.870 --> 00:08:25.880 align:start position:0%
<00:08:25.870>become <00:08:25.879>an

00:08:25.880 --> 00:08:27.190 align:start position:0%
<00:08:25.880>become <00:08:26.273>an <00:08:26.666>a <00:08:27.058>reality.

00:08:27.190 --> 00:08:27.200 align:start position:0%
<00:08:27.190>a <00:08:27.199>reality.

00:08:27.200 --> 00:08:30.870 align:start position:0%
<00:08:27.200>a <00:08:27.340>reality. <00:08:27.479>Um <00:08:27.620>which <00:08:27.760>I <00:08:27.900>think <00:08:28.039>is <00:08:28.180>a <00:08:28.320>really <00:08:28.460>really <00:08:28.599>good

00:08:30.870 --> 00:08:30.880 align:start position:0%
<00:08:30.870>Um <00:08:30.871>which <00:08:30.872>I <00:08:30.873>think <00:08:30.874>is <00:08:30.875>a <00:08:30.876>really <00:08:30.877>really <00:08:30.879>good

00:08:30.880 --> 00:08:33.950 align:start position:0%
<00:08:30.880>Um <00:08:30.973>which <00:08:31.066>I <00:08:31.159>think <00:08:31.253>is <00:08:31.346>a <00:08:31.440>really <00:08:31.533>really <00:08:31.626>good <00:08:31.719>argument <00:08:31.813>when <00:08:31.906>we <00:08:32.000>go <00:08:32.093>overseas, <00:08:32.186>which <00:08:32.280>we

00:08:33.950 --> 00:08:33.960 align:start position:0%
<00:08:33.950>argument <00:08:33.951>when <00:08:33.953>we <00:08:33.954>go <00:08:33.956>overseas, <00:08:33.957>which <00:08:33.959>we

00:08:33.960 --> 00:08:37.790 align:start position:0%
<00:08:33.960>argument <00:08:34.060>when <00:08:34.160>we <00:08:34.260>go <00:08:34.360>overseas, <00:08:34.460>which <00:08:34.560>we <00:08:34.660>do, <00:08:34.760>because <00:08:34.860>if <00:08:34.960>we <00:08:35.060>are <00:08:35.160>available <00:08:35.260>to <00:08:35.360>work

00:08:37.790 --> 00:08:37.800 align:start position:0%
<00:08:37.789>do, <00:08:37.791>because <00:08:37.792>if <00:08:37.793>we <00:08:37.795>are <00:08:37.796>available <00:08:37.797>to <00:08:37.799>work

00:08:37.800 --> 00:08:39.270 align:start position:0%
<00:08:37.799>do, <00:08:37.947>because <00:08:38.093>if <00:08:38.241>we <00:08:38.387>are <00:08:38.534>available <00:08:38.682>to <00:08:38.828>work <00:08:38.976>in <00:08:39.122>Europe,

00:08:39.270 --> 00:08:39.280 align:start position:0%
<00:08:39.270>in <00:08:39.279>Europe,

00:08:39.280 --> 00:08:41.230 align:start position:0%
<00:08:39.280>in <00:08:39.435>Europe, <00:08:39.591>we <00:08:39.746>are <00:08:39.902>probably <00:08:40.057>living <00:08:40.213>up <00:08:40.368>to <00:08:40.524>all <00:08:40.679>all

00:08:41.230 --> 00:08:41.240 align:start position:0%
<00:08:41.230>we <00:08:41.231>are <00:08:41.232>probably <00:08:41.233>living <00:08:41.235>up <00:08:41.236>to <00:08:41.237>all <00:08:41.239>all

00:08:41.240 --> 00:08:43.149 align:start position:0%
<00:08:41.240>we <00:08:41.333>are <00:08:41.426>probably <00:08:41.520>living <00:08:41.613>up <00:08:41.706>to <00:08:41.799>all <00:08:41.893>all <00:08:41.986>rules <00:08:42.080>in <00:08:42.173>the <00:08:42.266>world <00:08:42.360>when <00:08:42.453>it <00:08:42.546>comes <00:08:42.640>to

00:08:43.149 --> 00:08:43.159 align:start position:0%
<00:08:43.149>rules <00:08:43.150>in <00:08:43.151>the <00:08:43.152>world <00:08:43.154>when <00:08:43.155>it <00:08:43.156>comes <00:08:43.158>to

00:08:43.159 --> 00:08:46.150 align:start position:0%
<00:08:43.159>rules <00:08:43.252>in <00:08:43.345>the <00:08:43.438>world <00:08:43.532>when <00:08:43.625>it <00:08:43.718>comes <00:08:43.812>to <00:08:43.905>personal <00:08:43.999>rights <00:08:44.092>and <00:08:44.185>and <00:08:44.279>this. <00:08:44.372>So <00:08:44.465>I <00:08:44.559>see

00:08:46.150 --> 00:08:46.160 align:start position:0%
<00:08:46.150>personal <00:08:46.151>rights <00:08:46.152>and <00:08:46.153>and <00:08:46.155>this. <00:08:46.156>So <00:08:46.157>I <00:08:46.159>see

00:08:46.160 --> 00:08:49.829 align:start position:0%
<00:08:46.160>personal <00:08:46.242>rights <00:08:46.324>and <00:08:46.407>and <00:08:46.489>this. <00:08:46.571>So <00:08:46.654>I <00:08:46.736>see <00:08:46.818>it <00:08:46.901>as <00:08:46.983>a <00:08:47.065>as <00:08:47.148>an <00:08:47.230>advantage, <00:08:47.312>but <00:08:47.395>I <00:08:47.477>also <00:08:47.560>see

00:08:49.829 --> 00:08:49.839 align:start position:0%
<00:08:49.829>it <00:08:49.829>as <00:08:49.830>a <00:08:49.832>as <00:08:49.833>an <00:08:49.834>advantage, <00:08:49.834>but <00:08:49.835>I <00:08:49.837>also <00:08:49.838>see

00:08:49.839 --> 00:08:51.790 align:start position:0%
<00:08:49.839>it <00:08:49.926>as <00:08:50.013>a <00:08:50.101>as <00:08:50.189>an <00:08:50.276>advantage, <00:08:50.363>but <00:08:50.451>I <00:08:50.539>also <00:08:50.626>see <00:08:50.714>it <00:08:50.801>as <00:08:50.888>an <00:08:50.976>investment <00:08:51.064>because <00:08:51.151>you <00:08:51.238>actually

00:08:51.790 --> 00:08:51.800 align:start position:0%
<00:08:51.790>it <00:08:51.791>as <00:08:51.793>an <00:08:51.794>investment <00:08:51.795>because <00:08:51.797>you <00:08:51.799>actually

00:08:51.800 --> 00:08:54.790 align:start position:0%
<00:08:51.800>it <00:08:51.887>as <00:08:51.974>an <00:08:52.062>investment <00:08:52.150>because <00:08:52.237>you <00:08:52.324>actually <00:08:52.412>need <00:08:52.500>to <00:08:52.587>be <00:08:52.675>able <00:08:52.762>to <00:08:52.849>do <00:08:52.937>it, <00:08:53.025>which <00:08:53.112>is <00:08:53.199>hard.

00:08:54.790 --> 00:08:54.800 align:start position:0%
<00:08:54.790>need <00:08:54.790>to <00:08:54.791>be <00:08:54.793>able <00:08:54.794>to <00:08:54.795>do <00:08:54.795>it, <00:08:54.796>which <00:08:54.798>is <00:08:54.799>hard.

00:08:54.800 --> 00:08:58.390 align:start position:0%
<00:08:54.800>need <00:08:54.882>to <00:08:54.964>be <00:08:55.047>able <00:08:55.129>to <00:08:55.211>do <00:08:55.294>it, <00:08:55.376>which <00:08:55.458>is <00:08:55.541>hard. <00:08:55.623>&gt;&gt; <00:08:55.705>All <00:08:55.788>right. <00:08:55.870>So <00:08:55.952>fan <00:08:56.035>of <00:08:56.117>the <00:08:56.199>regulation?

00:08:58.390 --> 00:08:58.400 align:start position:0%
<00:08:58.390>&gt;&gt; <00:08:58.391>All <00:08:58.392>right. <00:08:58.393>So <00:08:58.395>fan <00:08:58.396>of <00:08:58.397>the <00:08:58.399>regulation?

00:08:58.400 --> 00:09:00.870 align:start position:0%
<00:08:58.400>&gt;&gt; <00:08:58.493>All <00:08:58.586>right. <00:08:58.680>So <00:08:58.773>fan <00:08:58.866>of <00:08:58.959>the <00:08:59.053>regulation? <00:08:59.146>&gt;&gt; <00:08:59.240>Uh <00:08:59.333>fan <00:08:59.426>of <00:08:59.520>the <00:08:59.613>mission <00:08:59.706>behind <00:08:59.800>it.

00:09:00.870 --> 00:09:00.880 align:start position:0%
<00:09:00.870>&gt;&gt; <00:09:00.871>Uh <00:09:00.872>fan <00:09:00.873>of <00:09:00.875>the <00:09:00.876>mission <00:09:00.877>behind <00:09:00.879>it.

00:09:00.880 --> 00:09:02.590 align:start position:0%
<00:09:00.880>&gt;&gt; <00:09:00.987>Uh <00:09:01.095>fan <00:09:01.203>of <00:09:01.310>the <00:09:01.418>mission <00:09:01.526>behind <00:09:01.633>it. <00:09:01.741>&gt;&gt; <00:09:01.849>Mission <00:09:01.956>behind <00:09:02.064>it. <00:09:02.172>All <00:09:02.280>right.

00:09:02.590 --> 00:09:02.600 align:start position:0%
<00:09:02.590>&gt;&gt; <00:09:02.591>Mission <00:09:02.593>behind <00:09:02.595>it. <00:09:02.597>All <00:09:02.599>right.

00:09:02.600 --> 00:09:04.150 align:start position:0%
<00:09:02.600>&gt;&gt; <00:09:02.755>Mission <00:09:02.910>behind <00:09:03.065>it. <00:09:03.220>All <00:09:03.375>right. <00:09:03.530>Jacobus, <00:09:03.685>what <00:09:03.840>about <00:09:03.995>you?

00:09:04.150 --> 00:09:04.160 align:start position:0%
<00:09:04.150>Jacobus, <00:09:04.153>what <00:09:04.156>about <00:09:04.159>you?

00:09:04.160 --> 00:09:07.030 align:start position:0%
<00:09:04.160>Jacobus, <00:09:04.287>what <00:09:04.414>about <00:09:04.541>you? <00:09:04.669>&gt;&gt; <00:09:04.796>Um <00:09:04.923>I <00:09:05.050>agree <00:09:05.178>that <00:09:05.305>in <00:09:05.432>Europe <00:09:05.560>um

00:09:07.030 --> 00:09:07.040 align:start position:0%
<00:09:07.030>&gt;&gt; <00:09:07.031>Um <00:09:07.032>I <00:09:07.033>agree <00:09:07.035>that <00:09:07.036>in <00:09:07.037>Europe <00:09:07.039>um

00:09:07.040 --> 00:09:08.910 align:start position:0%
<00:09:07.040>&gt;&gt; <00:09:07.133>Um <00:09:07.226>I <00:09:07.319>agree <00:09:07.413>that <00:09:07.506>in <00:09:07.599>Europe <00:09:07.693>um <00:09:07.786>I <00:09:07.880>think <00:09:07.973>we <00:09:08.066>have <00:09:08.160>the <00:09:08.253>both <00:09:08.346>the <00:09:08.439>best

00:09:08.910 --> 00:09:08.920 align:start position:0%
<00:09:08.910>I <00:09:08.911>think <00:09:08.912>we <00:09:08.913>have <00:09:08.915>the <00:09:08.916>both <00:09:08.917>the <00:09:08.919>best

00:09:08.920 --> 00:09:10.590 align:start position:0%
<00:09:08.920>I <00:09:09.020>think <00:09:09.120>we <00:09:09.219>have <00:09:09.319>the <00:09:09.420>both <00:09:09.520>the <00:09:09.620>best <00:09:09.719>fundamental <00:09:09.819>rights <00:09:09.920>and <00:09:10.020>this <00:09:10.120>can <00:09:10.219>be <00:09:10.319>a

00:09:10.590 --> 00:09:10.600 align:start position:0%
<00:09:10.590>fundamental <00:09:10.591>rights <00:09:10.593>and <00:09:10.594>this <00:09:10.596>can <00:09:10.597>be <00:09:10.599>a

00:09:10.600 --> 00:09:13.070 align:start position:0%
<00:09:10.600>fundamental <00:09:10.727>rights <00:09:10.854>and <00:09:10.981>this <00:09:11.109>can <00:09:11.236>be <00:09:11.363>a <00:09:11.490>huge <00:09:11.618>competitive <00:09:11.745>advantage <00:09:11.872>to <00:09:12.000>protect

00:09:13.070 --> 00:09:13.080 align:start position:0%
<00:09:13.070>huge <00:09:13.072>competitive <00:09:13.074>advantage <00:09:13.076>to <00:09:13.079>protect

00:09:13.080 --> 00:09:14.990 align:start position:0%
<00:09:13.080>huge <00:09:13.207>competitive <00:09:13.334>advantage <00:09:13.461>to <00:09:13.589>protect <00:09:13.716>them <00:09:13.843>and <00:09:13.970>it's <00:09:14.098>also <00:09:14.225>good <00:09:14.352>to <00:09:14.480>have

00:09:14.990 --> 00:09:15.000 align:start position:0%
<00:09:14.990>them <00:09:14.991>and <00:09:14.993>it's <00:09:14.994>also <00:09:14.996>good <00:09:14.997>to <00:09:14.999>have

00:09:15.000 --> 00:09:17.750 align:start position:0%
<00:09:15.000>them <00:09:15.107>and <00:09:15.215>it's <00:09:15.323>also <00:09:15.430>good <00:09:15.538>to <00:09:15.646>have <00:09:15.753>regulation <00:09:15.861>that <00:09:15.969>protects <00:09:16.076>it, <00:09:16.184>but <00:09:16.292>I <00:09:16.400>think

00:09:17.750 --> 00:09:17.760 align:start position:0%
<00:09:17.750>regulation <00:09:17.751>that <00:09:17.753>protects <00:09:17.754>it, <00:09:17.756>but <00:09:17.757>I <00:09:17.759>think

00:09:17.760 --> 00:09:19.670 align:start position:0%
<00:09:17.760>regulation <00:09:17.860>that <00:09:17.960>protects <00:09:18.060>it, <00:09:18.160>but <00:09:18.260>I <00:09:18.360>think <00:09:18.460>regulation <00:09:18.560>has <00:09:18.660>come <00:09:18.760>to <00:09:18.860>a <00:09:18.960>point <00:09:19.060>where <00:09:19.160>we

00:09:19.670 --> 00:09:19.680 align:start position:0%
<00:09:19.670>regulation <00:09:19.671>has <00:09:19.672>come <00:09:19.673>to <00:09:19.675>a <00:09:19.676>point <00:09:19.677>where <00:09:19.679>we

00:09:19.680 --> 00:09:23.110 align:start position:0%
<00:09:19.680>regulation <00:09:19.796>has <00:09:19.913>come <00:09:20.030>to <00:09:20.146>a <00:09:20.263>point <00:09:20.380>where <00:09:20.496>we <00:09:20.613>have <00:09:20.729>uh <00:09:20.846>far <00:09:20.963>outgrown <00:09:21.079>um

00:09:23.110 --> 00:09:23.120 align:start position:0%
<00:09:23.110>have <00:09:23.112>uh <00:09:23.114>far <00:09:23.116>outgrown <00:09:23.119>um

00:09:23.120 --> 00:09:24.550 align:start position:0%
<00:09:23.120>have <00:09:23.237>uh <00:09:23.354>far <00:09:23.471>outgrown <00:09:23.588>um <00:09:23.704>to <00:09:23.822>only <00:09:23.939>achieve <00:09:24.055>this <00:09:24.173>goal <00:09:24.290>and <00:09:24.406>it's

00:09:24.550 --> 00:09:24.560 align:start position:0%
<00:09:24.550>to <00:09:24.551>only <00:09:24.553>achieve <00:09:24.554>this <00:09:24.555>goal <00:09:24.557>and <00:09:24.559>it's

00:09:24.560 --> 00:09:26.150 align:start position:0%
<00:09:24.560>to <00:09:24.715>only <00:09:24.871>achieve <00:09:25.026>this <00:09:25.182>goal <00:09:25.337>and <00:09:25.493>it's <00:09:25.648>holding <00:09:25.804>us <00:09:25.959>back.

00:09:26.150 --> 00:09:26.160 align:start position:0%
<00:09:26.150>holding <00:09:26.154>us <00:09:26.159>back.

00:09:26.160 --> 00:09:27.550 align:start position:0%
<00:09:26.160>holding <00:09:26.577>us <00:09:26.993>back. <00:09:27.411>Um

00:09:27.550 --> 00:09:27.560 align:start position:0%
Um

00:09:27.560 --> 00:09:30.030 align:start position:0%
<00:09:27.560>Um <00:09:27.687>yeah, <00:09:27.814>in <00:09:27.941>a <00:09:28.069>lot <00:09:28.196>of <00:09:28.323>in <00:09:28.450>a <00:09:28.578>lot <00:09:28.705>of <00:09:28.832>um <00:09:28.959>ways

00:09:30.030 --> 00:09:30.040 align:start position:0%
<00:09:30.030>yeah, <00:09:30.030>in <00:09:30.031>a <00:09:30.032>lot <00:09:30.033>of <00:09:30.034>in <00:09:30.035>a <00:09:30.036>lot <00:09:30.037>of <00:09:30.038>um <00:09:30.039>ways

00:09:30.040 --> 00:09:33.150 align:start position:0%
<00:09:30.040>yeah, <00:09:30.117>in <00:09:30.195>a <00:09:30.273>lot <00:09:30.351>of <00:09:30.428>in <00:09:30.506>a <00:09:30.584>lot <00:09:30.662>of <00:09:30.740>um <00:09:30.817>ways <00:09:30.895>and <00:09:30.973>I <00:09:31.051>agree <00:09:31.128>with <00:09:31.206>what <00:09:31.284>Andrea <00:09:31.362>said <00:09:31.439>that

00:09:33.150 --> 00:09:33.160 align:start position:0%
<00:09:33.150>and <00:09:33.151>I <00:09:33.152>agree <00:09:33.153>with <00:09:33.155>what <00:09:33.156>Andrea <00:09:33.157>said <00:09:33.159>that

00:09:33.160 --> 00:09:35.590 align:start position:0%
<00:09:33.160>and <00:09:33.267>I <00:09:33.375>agree <00:09:33.483>with <00:09:33.590>what <00:09:33.698>Andrea <00:09:33.806>said <00:09:33.913>that <00:09:34.021>fragmentation <00:09:34.129>is <00:09:34.236>a <00:09:34.344>huge <00:09:34.452>problem <00:09:34.560>in

00:09:35.590 --> 00:09:35.600 align:start position:0%
<00:09:35.590>fragmentation <00:09:35.591>is <00:09:35.593>a <00:09:35.595>huge <00:09:35.597>problem <00:09:35.599>in

00:09:35.600 --> 00:09:39.550 align:start position:0%
<00:09:35.600>fragmentation <00:09:35.707>is <00:09:35.815>a <00:09:35.923>huge <00:09:36.030>problem <00:09:36.138>in <00:09:36.246>Europe <00:09:36.353>and <00:09:36.461>um <00:09:36.569>I <00:09:36.676>think <00:09:36.784>is <00:09:36.892>pretty <00:09:37.000>worrying

00:09:39.550 --> 00:09:39.560 align:start position:0%
<00:09:39.550>Europe <00:09:39.551>and <00:09:39.552>um <00:09:39.553>I <00:09:39.555>think <00:09:39.556>is <00:09:39.557>pretty <00:09:39.559>worrying

00:09:39.560 --> 00:09:41.950 align:start position:0%
<00:09:39.560>Europe <00:09:39.647>and <00:09:39.734>um <00:09:39.822>I <00:09:39.910>think <00:09:39.997>is <00:09:40.084>pretty <00:09:40.172>worrying <00:09:40.260>to <00:09:40.347>see <00:09:40.435>that <00:09:40.522>it's <00:09:40.609>very <00:09:40.697>hard <00:09:40.785>to <00:09:40.872>find <00:09:40.959>uh

00:09:41.950 --> 00:09:41.960 align:start position:0%
<00:09:41.950>to <00:09:41.951>see <00:09:41.952>that <00:09:41.953>it's <00:09:41.954>very <00:09:41.955>hard <00:09:41.956>to <00:09:41.957>find <00:09:41.959>uh

00:09:41.960 --> 00:09:44.350 align:start position:0%
<00:09:41.960>to <00:09:42.060>see <00:09:42.160>that <00:09:42.260>it's <00:09:42.360>very <00:09:42.460>hard <00:09:42.560>to <00:09:42.660>find <00:09:42.760>uh <00:09:42.860>consensus <00:09:42.960>on <00:09:43.060>political <00:09:43.160>level <00:09:43.260>these <00:09:43.360>days

00:09:44.350 --> 00:09:44.360 align:start position:0%
<00:09:44.350>consensus <00:09:44.351>on <00:09:44.353>political <00:09:44.355>level <00:09:44.357>these <00:09:44.359>days

00:09:44.360 --> 00:09:45.430 align:start position:0%
<00:09:44.360>consensus <00:09:44.520>on <00:09:44.681>political <00:09:44.841>level <00:09:45.002>these <00:09:45.162>days <00:09:45.323>for

00:09:45.430 --> 00:09:45.440 align:start position:0%
for

00:09:45.440 --> 00:09:47.710 align:start position:0%
<00:09:45.440>for <00:09:45.673>uh <00:09:45.906>rational <00:09:46.140>solutions <00:09:46.373>and <00:09:46.606>like <00:09:46.840>rational

00:09:47.710 --> 00:09:47.720 align:start position:0%
<00:09:47.710>uh <00:09:47.711>rational <00:09:47.713>solutions <00:09:47.715>and <00:09:47.717>like <00:09:47.719>rational

00:09:47.720 --> 00:09:49.870 align:start position:0%
<00:09:47.720>uh <00:09:47.847>rational <00:09:47.974>solutions <00:09:48.101>and <00:09:48.229>like <00:09:48.356>rational <00:09:48.483>arguments <00:09:48.610>are <00:09:48.738>not <00:09:48.865>really <00:09:48.992>heard <00:09:49.120>anymore

00:09:49.870 --> 00:09:49.880 align:start position:0%
<00:09:49.870>arguments <00:09:49.871>are <00:09:49.873>not <00:09:49.875>really <00:09:49.877>heard <00:09:49.879>anymore

00:09:49.880 --> 00:09:53.030 align:start position:0%
<00:09:49.880>arguments <00:09:50.007>are <00:09:50.134>not <00:09:50.261>really <00:09:50.389>heard <00:09:50.516>anymore <00:09:50.643>and <00:09:50.770>um <00:09:50.898>yeah, <00:09:51.025>particular <00:09:51.152>interests <00:09:51.280>trying

00:09:53.030 --> 00:09:53.040 align:start position:0%
<00:09:53.030>and <00:09:53.031>um <00:09:53.033>yeah, <00:09:53.035>particular <00:09:53.037>interests <00:09:53.039>trying

00:09:53.040 --> 00:09:57.310 align:start position:0%
<00:09:53.040>and <00:09:53.147>um <00:09:53.255>yeah, <00:09:53.363>particular <00:09:53.470>interests <00:09:53.578>trying <00:09:53.686>to <00:09:53.793>uh <00:09:53.901>protect <00:09:54.009>the <00:09:54.116>privileges <00:09:54.224>and <00:09:54.332>um <00:09:54.439>put

00:09:57.310 --> 00:09:57.320 align:start position:0%
<00:09:57.310>to <00:09:57.311>uh <00:09:57.312>protect <00:09:57.313>the <00:09:57.315>privileges <00:09:57.316>and <00:09:57.317>um <00:09:57.319>put

00:09:57.320 --> 00:09:59.030 align:start position:0%
<00:09:57.320>to <00:09:57.460>uh <00:09:57.600>protect <00:09:57.740>the <00:09:57.880>privileges <00:09:58.020>and <00:09:58.160>um <00:09:58.300>put <00:09:58.440>that <00:09:58.580>above <00:09:58.720>the

00:09:59.030 --> 00:09:59.040 align:start position:0%
<00:09:59.030>that <00:09:59.034>above <00:09:59.039>the

00:09:59.040 --> 00:10:02.030 align:start position:0%
<00:09:59.040>that <00:09:59.180>above <00:09:59.319>the <00:09:59.459>uh <00:09:59.599>common <00:09:59.740>wealth <00:09:59.880>in <00:10:00.020>Europe. <00:10:00.160>And <00:10:00.300>um <00:10:00.439>I

00:10:02.030 --> 00:10:02.040 align:start position:0%
<00:10:02.030>uh <00:10:02.031>common <00:10:02.032>wealth <00:10:02.033>in <00:10:02.035>Europe. <00:10:02.036>And <00:10:02.037>um <00:10:02.039>I

00:10:02.040 --> 00:10:06.190 align:start position:0%
<00:10:02.040>uh <00:10:02.140>common <00:10:02.240>wealth <00:10:02.339>in <00:10:02.439>Europe. <00:10:02.540>And <00:10:02.640>um <00:10:02.740>I <00:10:02.839>think <00:10:02.939>we <00:10:03.040>definitely <00:10:03.140>need <00:10:03.240>very <00:10:03.339>hard <00:10:03.439>and

00:10:06.190 --> 00:10:06.200 align:start position:0%
<00:10:06.190>think <00:10:06.191>we <00:10:06.193>definitely <00:10:06.194>need <00:10:06.196>very <00:10:06.197>hard <00:10:06.199>and

00:10:06.200 --> 00:10:09.910 align:start position:0%
<00:10:06.200>think <00:10:06.307>we <00:10:06.415>definitely <00:10:06.523>need <00:10:06.630>very <00:10:06.738>hard <00:10:06.846>and <00:10:06.953>structural <00:10:07.061>reforms <00:10:07.169>um <00:10:07.276>to <00:10:07.384>not <00:10:07.492>be <00:10:07.600>overrun

00:10:09.910 --> 00:10:09.920 align:start position:0%
<00:10:09.910>structural <00:10:09.911>reforms <00:10:09.913>um <00:10:09.914>to <00:10:09.915>not <00:10:09.917>be <00:10:09.919>overrun

00:10:09.920 --> 00:10:12.710 align:start position:0%
<00:10:09.920>structural <00:10:10.027>reforms <00:10:10.135>um <00:10:10.243>to <00:10:10.350>not <00:10:10.458>be <00:10:10.566>overrun <00:10:10.673>by <00:10:10.781>other <00:10:10.889>superpowers <00:10:10.996>like <00:10:11.104>China <00:10:11.212>and <00:10:11.319>the

00:10:12.710 --> 00:10:12.720 align:start position:0%
<00:10:12.710>by <00:10:12.711>other <00:10:12.713>superpowers <00:10:12.714>like <00:10:12.716>China <00:10:12.717>and <00:10:12.719>the

00:10:12.720 --> 00:10:14.830 align:start position:0%
<00:10:12.720>by <00:10:12.920>other <00:10:13.120>superpowers <00:10:13.320>like <00:10:13.520>China <00:10:13.720>and <00:10:13.920>the <00:10:14.120>US.

00:10:14.830 --> 00:10:14.840 align:start position:0%
US.

00:10:14.840 --> 00:10:16.150 align:start position:0%
<00:10:14.840>US. <00:10:14.971>&gt;&gt; <00:10:15.102>Also, <00:10:15.233>keep <00:10:15.364>in <00:10:15.495>mind <00:10:15.626>a <00:10:15.757>lot <00:10:15.888>of <00:10:16.019>the

00:10:16.150 --> 00:10:16.160 align:start position:0%
<00:10:16.150>&gt;&gt; <00:10:16.151>Also, <00:10:16.152>keep <00:10:16.153>in <00:10:16.154>mind <00:10:16.155>a <00:10:16.156>lot <00:10:16.157>of <00:10:16.159>the

00:10:16.160 --> 00:10:17.990 align:start position:0%
<00:10:16.160>&gt;&gt; <00:10:16.276>Also, <00:10:16.393>keep <00:10:16.510>in <00:10:16.626>mind <00:10:16.743>a <00:10:16.860>lot <00:10:16.976>of <00:10:17.093>the <00:10:17.209>regulation <00:10:17.326>that's <00:10:17.443>very <00:10:17.560>famous

00:10:17.990 --> 00:10:18.000 align:start position:0%
<00:10:17.990>regulation <00:10:17.993>that's <00:10:17.996>very <00:10:17.999>famous

00:10:18.000 --> 00:10:19.670 align:start position:0%
<00:10:18.000>regulation <00:10:18.155>that's <00:10:18.311>very <00:10:18.466>famous <00:10:18.622>intentionally <00:10:18.777>is <00:10:18.933>designed <00:10:19.088>to <00:10:19.244>keep <00:10:19.400>the

00:10:19.670 --> 00:10:19.680 align:start position:0%
<00:10:19.670>intentionally <00:10:19.671>is <00:10:19.673>designed <00:10:19.675>to <00:10:19.677>keep <00:10:19.679>the

00:10:19.680 --> 00:10:21.550 align:start position:0%
<00:10:19.680>intentionally <00:10:19.807>is <00:10:19.934>designed <00:10:20.061>to <00:10:20.189>keep <00:10:20.316>the <00:10:20.443>rights <00:10:20.570>of <00:10:20.698>the <00:10:20.825>European <00:10:20.952>citizens, <00:10:21.079>which

00:10:21.550 --> 00:10:21.560 align:start position:0%
<00:10:21.550>rights <00:10:21.551>of <00:10:21.553>the <00:10:21.555>European <00:10:21.557>citizens, <00:10:21.559>which

00:10:21.560 --> 00:10:23.950 align:start position:0%
<00:10:21.560>rights <00:10:21.667>of <00:10:21.775>the <00:10:21.883>European <00:10:21.990>citizens, <00:10:22.098>which <00:10:22.206>is <00:10:22.313>a <00:10:22.421>very <00:10:22.529>good <00:10:22.636>noble <00:10:22.744>cause. <00:10:22.852>The <00:10:22.959>problem

00:10:23.950 --> 00:10:23.960 align:start position:0%
<00:10:23.950>is <00:10:23.951>a <00:10:23.952>very <00:10:23.953>good <00:10:23.955>noble <00:10:23.956>cause. <00:10:23.957>The <00:10:23.959>problem

00:10:23.960 --> 00:10:25.670 align:start position:0%
<00:10:23.960>is <00:10:24.047>a <00:10:24.135>very <00:10:24.222>good <00:10:24.310>noble <00:10:24.397>cause. <00:10:24.485>The <00:10:24.572>problem <00:10:24.660>is <00:10:24.747>uh <00:10:24.835>or <00:10:24.922>not <00:10:25.010>the <00:10:25.097>problem, <00:10:25.185>but <00:10:25.272>the <00:10:25.360>the

00:10:25.670 --> 00:10:25.680 align:start position:0%
<00:10:25.670>is <00:10:25.671>uh <00:10:25.672>or <00:10:25.673>not <00:10:25.674>the <00:10:25.675>problem, <00:10:25.676>but <00:10:25.677>the <00:10:25.679>the

00:10:25.680 --> 00:10:26.430 align:start position:0%
<00:10:25.680>is <00:10:25.755>uh <00:10:25.829>or <00:10:25.905>not <00:10:25.979>the <00:10:26.055>problem, <00:10:26.130>but <00:10:26.204>the <00:10:26.280>the <00:10:26.354>the

00:10:26.430 --> 00:10:26.440 align:start position:0%
the

00:10:26.440 --> 00:10:29.230 align:start position:0%
<00:10:26.440>the <00:10:26.673>missing <00:10:26.906>opportunity <00:10:27.140>taken <00:10:27.373>is <00:10:27.606>Brussels <00:10:27.840>is

00:10:29.230 --> 00:10:29.240 align:start position:0%
<00:10:29.230>missing <00:10:29.231>opportunity <00:10:29.233>taken <00:10:29.235>is <00:10:29.237>Brussels <00:10:29.239>is

00:10:29.240 --> 00:10:31.150 align:start position:0%
<00:10:29.240>missing <00:10:29.367>opportunity <00:10:29.494>taken <00:10:29.621>is <00:10:29.749>Brussels <00:10:29.876>is <00:10:30.003>also <00:10:30.130>the <00:10:30.258>best <00:10:30.385>place <00:10:30.512>to <00:10:30.640>harmonize

00:10:31.150 --> 00:10:31.160 align:start position:0%
<00:10:31.150>also <00:10:31.151>the <00:10:31.153>best <00:10:31.155>place <00:10:31.157>to <00:10:31.159>harmonize

00:10:31.160 --> 00:10:33.070 align:start position:0%
<00:10:31.160>also <00:10:31.287>the <00:10:31.414>best <00:10:31.541>place <00:10:31.669>to <00:10:31.796>harmonize <00:10:31.923>opportunities <00:10:32.050>for <00:10:32.178>businesses <00:10:32.305>so <00:10:32.432>that <00:10:32.560>we

00:10:33.070 --> 00:10:33.080 align:start position:0%
<00:10:33.070>opportunities <00:10:33.071>for <00:10:33.073>businesses <00:10:33.075>so <00:10:33.077>that <00:10:33.079>we

00:10:33.080 --> 00:10:35.590 align:start position:0%
<00:10:33.080>opportunities <00:10:33.220>for <00:10:33.360>businesses <00:10:33.500>so <00:10:33.640>that <00:10:33.780>we <00:10:33.920>can <00:10:34.060>actually <00:10:34.200>use <00:10:34.340>continental <00:10:34.480>scale.

00:10:35.590 --> 00:10:35.600 align:start position:0%
<00:10:35.590>can <00:10:35.592>actually <00:10:35.594>use <00:10:35.596>continental <00:10:35.599>scale.

00:10:35.600 --> 00:10:37.990 align:start position:0%
<00:10:35.600>can <00:10:35.707>actually <00:10:35.815>use <00:10:35.923>continental <00:10:36.030>scale. <00:10:36.138>Um <00:10:36.246>and <00:10:36.353>so <00:10:36.461>a <00:10:36.569>lot <00:10:36.676>of <00:10:36.784>the <00:10:36.892>regulation <00:10:37.000>is

00:10:37.990 --> 00:10:38.000 align:start position:0%
<00:10:37.990>Um <00:10:37.991>and <00:10:37.992>so <00:10:37.993>a <00:10:37.994>lot <00:10:37.995>of <00:10:37.996>the <00:10:37.997>regulation <00:10:37.999>is

00:10:38.000 --> 00:10:40.150 align:start position:0%
<00:10:38.000>Um <00:10:38.087>and <00:10:38.175>so <00:10:38.262>a <00:10:38.350>lot <00:10:38.437>of <00:10:38.525>the <00:10:38.612>regulation <00:10:38.700>is <00:10:38.787>around <00:10:38.875>like <00:10:38.962>what <00:10:39.050>you <00:10:39.137>cannot <00:10:39.225>do. <00:10:39.312>And <00:10:39.400>I

00:10:40.150 --> 00:10:40.160 align:start position:0%
<00:10:40.150>around <00:10:40.151>like <00:10:40.152>what <00:10:40.153>you <00:10:40.155>cannot <00:10:40.156>do. <00:10:40.157>And <00:10:40.159>I

00:10:40.160 --> 00:10:42.110 align:start position:0%
<00:10:40.160>around <00:10:40.260>like <00:10:40.360>what <00:10:40.459>you <00:10:40.560>cannot <00:10:40.660>do. <00:10:40.760>And <00:10:40.860>I <00:10:40.959>think <00:10:41.060>a <00:10:41.160>lot <00:10:41.260>more <00:10:41.360>regulation <00:10:41.459>should <00:10:41.560>be

00:10:42.110 --> 00:10:42.120 align:start position:0%
<00:10:42.110>think <00:10:42.111>a <00:10:42.113>lot <00:10:42.114>more <00:10:42.116>regulation <00:10:42.117>should <00:10:42.119>be

00:10:42.120 --> 00:10:43.790 align:start position:0%
<00:10:42.120>think <00:10:42.227>a <00:10:42.335>lot <00:10:42.443>more <00:10:42.550>regulation <00:10:42.658>should <00:10:42.766>be <00:10:42.873>allowing <00:10:42.981>you <00:10:43.089>to <00:10:43.196>do <00:10:43.304>stuff <00:10:43.412>on <00:10:43.520>larger

00:10:43.790 --> 00:10:43.800 align:start position:0%
<00:10:43.790>allowing <00:10:43.791>you <00:10:43.793>to <00:10:43.794>do <00:10:43.795>stuff <00:10:43.797>on <00:10:43.799>larger

00:10:43.800 --> 00:10:45.950 align:start position:0%
<00:10:43.800>allowing <00:10:44.000>you <00:10:44.199>to <00:10:44.400>do <00:10:44.599>stuff <00:10:44.800>on <00:10:45.000>larger <00:10:45.199>scale.

00:10:45.950 --> 00:10:45.960 align:start position:0%
scale.

00:10:45.960 --> 00:10:46.950 align:start position:0%
<00:10:45.960>scale. <00:10:46.405>&gt;&gt; <00:10:46.851>Thomas,

00:10:46.950 --> 00:10:46.960 align:start position:0%
<00:10:46.950>&gt;&gt; <00:10:46.959>Thomas,

00:10:46.960 --> 00:10:47.910 align:start position:0%
<00:10:46.960>&gt;&gt; <00:10:47.245>Thomas, <00:10:47.530>you <00:10:47.814>agree?

00:10:47.910 --> 00:10:47.920 align:start position:0%
<00:10:47.910>you <00:10:47.919>agree?

00:10:47.920 --> 00:10:50.190 align:start position:0%
<00:10:47.920>you <00:10:48.199>agree? <00:10:48.479>&gt;&gt; <00:10:48.760>Yeah, <00:10:49.040>partially. <00:10:49.319>Um

00:10:50.190 --> 00:10:50.200 align:start position:0%
<00:10:50.190>&gt;&gt; <00:10:50.193>Yeah, <00:10:50.196>partially. <00:10:50.199>Um

00:10:50.200 --> 00:10:52.790 align:start position:0%
<00:10:50.200>&gt;&gt; <00:10:50.316>Yeah, <00:10:50.433>partially. <00:10:50.550>Um <00:10:50.666>I <00:10:50.783>don't <00:10:50.900>know <00:10:51.016>if <00:10:51.133>I'm <00:10:51.250>really <00:10:51.366>lucky, <00:10:51.483>uh <00:10:51.600>but

00:10:52.790 --> 00:10:52.800 align:start position:0%
<00:10:52.790>I <00:10:52.791>don't <00:10:52.792>know <00:10:52.793>if <00:10:52.794>I'm <00:10:52.795>really <00:10:52.796>lucky, <00:10:52.797>uh <00:10:52.799>but

00:10:52.800 --> 00:10:55.030 align:start position:0%
<00:10:52.800>I <00:10:52.887>don't <00:10:52.974>know <00:10:53.062>if <00:10:53.150>I'm <00:10:53.237>really <00:10:53.324>lucky, <00:10:53.412>uh <00:10:53.500>but <00:10:53.587>but <00:10:53.675>I <00:10:53.762>haven't <00:10:53.849>ran <00:10:53.937>into <00:10:54.025>any <00:10:54.112>problems <00:10:54.199>yet.

00:10:55.030 --> 00:10:55.040 align:start position:0%
<00:10:55.030>but <00:10:55.031>I <00:10:55.032>haven't <00:10:55.033>ran <00:10:55.035>into <00:10:55.036>any <00:10:55.037>problems <00:10:55.039>yet.

00:10:55.040 --> 00:10:58.430 align:start position:0%
<00:10:55.040>but <00:10:55.140>I <00:10:55.240>haven't <00:10:55.339>ran <00:10:55.439>into <00:10:55.540>any <00:10:55.640>problems <00:10:55.740>yet. <00:10:55.839>That's <00:10:55.939>maybe <00:10:56.040>uh <00:10:56.140>unknowingly <00:10:56.240>luck <00:10:56.339>uh <00:10:56.439>or

00:10:58.430 --> 00:10:58.440 align:start position:0%
<00:10:58.430>That's <00:10:58.431>maybe <00:10:58.433>uh <00:10:58.434>unknowingly <00:10:58.436>luck <00:10:58.437>uh <00:10:58.439>or

00:10:58.440 --> 00:10:59.910 align:start position:0%
<00:10:58.440>That's <00:10:58.605>maybe <00:10:58.770>uh <00:10:58.936>unknowingly <00:10:59.101>luck <00:10:59.266>uh <00:10:59.432>or <00:10:59.597>just <00:10:59.762>uh

00:10:59.910 --> 00:10:59.920 align:start position:0%
<00:10:59.910>just <00:10:59.919>uh

00:10:59.920 --> 00:11:03.150 align:start position:0%
<00:10:59.920>just <00:11:00.060>uh <00:11:00.199>being <00:11:00.339>a <00:11:00.479>good <00:11:00.620>victim <00:11:00.760>of <00:11:00.900>of <00:11:01.040>the <00:11:01.180>laws. <00:11:01.319>Um

00:11:03.150 --> 00:11:03.160 align:start position:0%
<00:11:03.150>being <00:11:03.151>a <00:11:03.152>good <00:11:03.153>victim <00:11:03.154>of <00:11:03.155>of <00:11:03.156>the <00:11:03.157>laws. <00:11:03.159>Um

00:11:03.160 --> 00:11:06.910 align:start position:0%
<00:11:03.160>being <00:11:03.253>a <00:11:03.346>good <00:11:03.439>victim <00:11:03.533>of <00:11:03.626>of <00:11:03.719>the <00:11:03.813>laws. <00:11:03.906>Um <00:11:04.000>we <00:11:04.093>have <00:11:04.186>employees <00:11:04.280>all <00:11:04.373>over <00:11:04.466>the <00:11:04.560>world.

00:11:06.910 --> 00:11:06.920 align:start position:0%
<00:11:06.910>we <00:11:06.911>have <00:11:06.913>employees <00:11:06.914>all <00:11:06.915>over <00:11:06.917>the <00:11:06.919>world.

00:11:06.920 --> 00:11:09.670 align:start position:0%
<00:11:06.920>we <00:11:07.027>have <00:11:07.135>employees <00:11:07.243>all <00:11:07.350>over <00:11:07.458>the <00:11:07.566>world. <00:11:07.673>We <00:11:07.781>have <00:11:07.889>had <00:11:07.996>no <00:11:08.104>problems <00:11:08.212>hiring <00:11:08.319>hiring

00:11:09.670 --> 00:11:09.680 align:start position:0%
<00:11:09.670>We <00:11:09.671>have <00:11:09.673>had <00:11:09.674>no <00:11:09.675>problems <00:11:09.677>hiring <00:11:09.679>hiring

00:11:09.680 --> 00:11:10.110 align:start position:0%
<00:11:09.680>We <00:11:09.735>have <00:11:09.790>had <00:11:09.845>no <00:11:09.901>problems <00:11:09.956>hiring <00:11:10.011>hiring <00:11:10.067>them.

00:11:10.110 --> 00:11:10.120 align:start position:0%
them.

00:11:10.120 --> 00:11:10.630 align:start position:0%
<00:11:10.120>them. <00:11:10.349>&gt;&gt; <00:11:10.579>Mhm.

00:11:10.630 --> 00:11:10.640 align:start position:0%
<00:11:10.630>&gt;&gt; <00:11:10.639>Mhm.

00:11:10.640 --> 00:11:11.230 align:start position:0%
<00:11:10.640>&gt;&gt; <00:11:10.817>Mhm. <00:11:10.994>&gt;&gt; <00:11:11.171>Uh

00:11:11.230 --> 00:11:11.240 align:start position:0%
<00:11:11.230>&gt;&gt; <00:11:11.239>Uh

00:11:11.240 --> 00:11:13.550 align:start position:0%
<00:11:11.240>&gt;&gt; <00:11:11.440>Uh <00:11:11.640>everyone <00:11:11.840>we <00:11:12.040>have <00:11:12.240>hired <00:11:12.440>are <00:11:12.640>extremely

00:11:13.550 --> 00:11:13.560 align:start position:0%
<00:11:13.550>everyone <00:11:13.551>we <00:11:13.553>have <00:11:13.555>hired <00:11:13.557>are <00:11:13.559>extremely

00:11:13.560 --> 00:11:16.870 align:start position:0%
<00:11:13.560>everyone <00:11:13.699>we <00:11:13.839>have <00:11:13.979>hired <00:11:14.119>are <00:11:14.260>extremely <00:11:14.400>fans <00:11:14.540>of <00:11:14.680>our <00:11:14.819>terms <00:11:14.959>uh

00:11:16.870 --> 00:11:16.880 align:start position:0%
<00:11:16.870>fans <00:11:16.872>of <00:11:16.874>our <00:11:16.876>terms <00:11:16.879>uh

00:11:16.880 --> 00:11:19.950 align:start position:0%
<00:11:16.880>fans <00:11:16.987>of <00:11:17.095>our <00:11:17.203>terms <00:11:17.310>uh <00:11:17.418>of <00:11:17.526>hire <00:11:17.633>as <00:11:17.741>in <00:11:17.849>in <00:11:17.956>in <00:11:18.064>our <00:11:18.172>contracts. <00:11:18.280>They

00:11:19.950 --> 00:11:19.960 align:start position:0%
<00:11:19.950>of <00:11:19.951>hire <00:11:19.952>as <00:11:19.953>in <00:11:19.954>in <00:11:19.955>in <00:11:19.956>our <00:11:19.957>contracts. <00:11:19.959>They

00:11:19.960 --> 00:11:21.950 align:start position:0%
<00:11:19.960>of <00:11:20.076>hire <00:11:20.193>as <00:11:20.310>in <00:11:20.426>in <00:11:20.543>in <00:11:20.660>our <00:11:20.776>contracts. <00:11:20.893>They <00:11:21.010>have <00:11:21.126>Danish <00:11:21.243>values. <00:11:21.360>Uh

00:11:21.950 --> 00:11:21.960 align:start position:0%
<00:11:21.950>have <00:11:21.953>Danish <00:11:21.956>values. <00:11:21.959>Uh

00:11:21.960 --> 00:11:24.070 align:start position:0%
<00:11:21.960>have <00:11:22.087>Danish <00:11:22.214>values. <00:11:22.341>Uh <00:11:22.469>Uh <00:11:22.596>which <00:11:22.723>I <00:11:22.850>haven't <00:11:22.978>met <00:11:23.105>a <00:11:23.232>person <00:11:23.360>who

00:11:24.070 --> 00:11:24.080 align:start position:0%
<00:11:24.070>Uh <00:11:24.071>which <00:11:24.072>I <00:11:24.073>haven't <00:11:24.075>met <00:11:24.076>a <00:11:24.077>person <00:11:24.079>who

00:11:24.080 --> 00:11:25.750 align:start position:0%
<00:11:24.080>Uh <00:11:24.196>which <00:11:24.313>I <00:11:24.430>haven't <00:11:24.546>met <00:11:24.663>a <00:11:24.780>person <00:11:24.896>who <00:11:25.013>doesn't <00:11:25.130>like <00:11:25.246>the <00:11:25.363>Danish <00:11:25.480>workforce

00:11:25.750 --> 00:11:25.760 align:start position:0%
<00:11:25.750>doesn't <00:11:25.752>like <00:11:25.754>the <00:11:25.756>Danish <00:11:25.759>workforce

00:11:25.760 --> 00:11:27.030 align:start position:0%
<00:11:25.760>doesn't <00:11:25.988>like <00:11:26.217>the <00:11:26.445>Danish <00:11:26.674>workforce <00:11:26.903>mentality.

00:11:27.030 --> 00:11:27.040 align:start position:0%
mentality.

00:11:27.040 --> 00:11:30.070 align:start position:0%
<00:11:27.040>mentality. <00:11:27.195>So, <00:11:27.351>I <00:11:27.506>think <00:11:27.662>uh <00:11:27.817>you <00:11:27.973>could <00:11:28.128>say <00:11:28.284>we <00:11:28.439>are

00:11:30.070 --> 00:11:30.080 align:start position:0%
<00:11:30.070>So, <00:11:30.071>I <00:11:30.072>think <00:11:30.073>uh <00:11:30.074>you <00:11:30.075>could <00:11:30.076>say <00:11:30.077>we <00:11:30.079>are

00:11:30.080 --> 00:11:32.470 align:start position:0%
<00:11:30.080>So, <00:11:30.187>I <00:11:30.295>think <00:11:30.403>uh <00:11:30.510>you <00:11:30.618>could <00:11:30.726>say <00:11:30.833>we <00:11:30.941>are <00:11:31.049>actually <00:11:31.156>really <00:11:31.264>lucky <00:11:31.372>on <00:11:31.480>it.

00:11:32.470 --> 00:11:32.480 align:start position:0%
<00:11:32.470>actually <00:11:32.472>really <00:11:32.474>lucky <00:11:32.476>on <00:11:32.479>it.

00:11:32.480 --> 00:11:35.310 align:start position:0%
<00:11:32.480>actually <00:11:32.607>really <00:11:32.734>lucky <00:11:32.861>on <00:11:32.989>it. <00:11:33.116>We <00:11:33.243>do <00:11:33.370>also <00:11:33.498>invest <00:11:33.625>in <00:11:33.752>companies <00:11:33.880>taking

00:11:35.310 --> 00:11:35.320 align:start position:0%
<00:11:35.310>We <00:11:35.311>do <00:11:35.313>also <00:11:35.314>invest <00:11:35.316>in <00:11:35.317>companies <00:11:35.319>taking

00:11:35.320 --> 00:11:36.870 align:start position:0%
<00:11:35.320>We <00:11:35.459>do <00:11:35.599>also <00:11:35.738>invest <00:11:35.878>in <00:11:36.017>companies <00:11:36.157>taking <00:11:36.296>care <00:11:36.436>of <00:11:36.575>a <00:11:36.715>lot

00:11:36.870 --> 00:11:36.880 align:start position:0%
<00:11:36.870>care <00:11:36.873>of <00:11:36.876>a <00:11:36.879>lot

00:11:36.880 --> 00:11:38.750 align:start position:0%
<00:11:36.880>care <00:11:37.113>of <00:11:37.346>a <00:11:37.580>lot <00:11:37.813>because <00:11:38.046>we <00:11:38.280>I

00:11:38.750 --> 00:11:38.760 align:start position:0%
<00:11:38.750>because <00:11:38.754>we <00:11:38.759>I

00:11:38.760 --> 00:11:41.590 align:start position:0%
<00:11:38.760>because <00:11:38.900>we <00:11:39.040>I <00:11:39.180>the <00:11:39.319>team <00:11:39.460>doesn't <00:11:39.600>have <00:11:39.740>10 <00:11:39.880>lawyers <00:11:40.020>to <00:11:40.160>know

00:11:41.590 --> 00:11:41.600 align:start position:0%
<00:11:41.590>the <00:11:41.591>team <00:11:41.592>doesn't <00:11:41.593>have <00:11:41.595>10 <00:11:41.596>lawyers <00:11:41.597>to <00:11:41.599>know

00:11:41.600 --> 00:11:44.030 align:start position:0%
<00:11:41.600>the <00:11:41.693>team <00:11:41.786>doesn't <00:11:41.880>have <00:11:41.973>10 <00:11:42.066>lawyers <00:11:42.160>to <00:11:42.253>know <00:11:42.346>law <00:11:42.440>in <00:11:42.533>in <00:11:42.626>each <00:11:42.720>country, <00:11:42.813>but <00:11:42.906>there <00:11:43.000>are

00:11:44.030 --> 00:11:44.040 align:start position:0%
<00:11:44.030>law <00:11:44.031>in <00:11:44.032>in <00:11:44.033>each <00:11:44.035>country, <00:11:44.036>but <00:11:44.037>there <00:11:44.039>are

00:11:44.040 --> 00:11:46.630 align:start position:0%
<00:11:44.040>law <00:11:44.133>in <00:11:44.226>in <00:11:44.319>each <00:11:44.413>country, <00:11:44.506>but <00:11:44.599>there <00:11:44.693>are <00:11:44.786>companies <00:11:44.880>that <00:11:44.973>that <00:11:45.066>can <00:11:45.160>do <00:11:45.253>that <00:11:45.346>for <00:11:45.439>us.

00:11:46.630 --> 00:11:46.640 align:start position:0%
<00:11:46.630>companies <00:11:46.631>that <00:11:46.632>that <00:11:46.633>can <00:11:46.635>do <00:11:46.636>that <00:11:46.637>for <00:11:46.639>us.

00:11:46.640 --> 00:11:50.310 align:start position:0%
<00:11:46.640>companies <00:11:46.733>that <00:11:46.826>that <00:11:46.920>can <00:11:47.013>do <00:11:47.106>that <00:11:47.199>for <00:11:47.293>us. <00:11:47.386>Yeah, <00:11:47.480>it <00:11:47.573>costs <00:11:47.666>a <00:11:47.760>bit, <00:11:47.853>but <00:11:47.946>compared <00:11:48.040>to

00:11:50.310 --> 00:11:50.320 align:start position:0%
<00:11:50.310>Yeah, <00:11:50.311>it <00:11:50.312>costs <00:11:50.313>a <00:11:50.315>bit, <00:11:50.316>but <00:11:50.317>compared <00:11:50.319>to

00:11:50.320 --> 00:11:52.310 align:start position:0%
<00:11:50.320>Yeah, <00:11:50.420>it <00:11:50.520>costs <00:11:50.620>a <00:11:50.720>bit, <00:11:50.820>but <00:11:50.920>compared <00:11:51.020>to <00:11:51.120>us <00:11:51.220>keeping <00:11:51.320>momentum <00:11:51.420>and <00:11:51.520>getting <00:11:51.620>the <00:11:51.720>best

00:11:52.310 --> 00:11:52.320 align:start position:0%
<00:11:52.310>us <00:11:52.311>keeping <00:11:52.313>momentum <00:11:52.314>and <00:11:52.316>getting <00:11:52.317>the <00:11:52.319>best

00:11:52.320 --> 00:11:54.670 align:start position:0%
<00:11:52.320>us <00:11:52.420>keeping <00:11:52.520>momentum <00:11:52.620>and <00:11:52.720>getting <00:11:52.820>the <00:11:52.920>best <00:11:53.020>engineers <00:11:53.120>in <00:11:53.220>Europe <00:11:53.320>and <00:11:53.420>in <00:11:53.520>the <00:11:53.620>rest <00:11:53.720>of

00:11:54.670 --> 00:11:54.680 align:start position:0%
<00:11:54.670>engineers <00:11:54.671>in <00:11:54.672>Europe <00:11:54.673>and <00:11:54.675>in <00:11:54.676>the <00:11:54.677>rest <00:11:54.679>of

00:11:54.680 --> 00:11:56.710 align:start position:0%
<00:11:54.680>engineers <00:11:54.819>in <00:11:54.959>Europe <00:11:55.099>and <00:11:55.239>in <00:11:55.380>the <00:11:55.520>rest <00:11:55.660>of <00:11:55.800>the <00:11:55.939>world, <00:11:56.079>it's

00:11:56.710 --> 00:11:56.720 align:start position:0%
<00:11:56.710>the <00:11:56.714>world, <00:11:56.719>it's

00:11:56.720 --> 00:11:59.510 align:start position:0%
<00:11:56.720>the <00:11:56.920>world, <00:11:57.120>it's <00:11:57.320>it's <00:11:57.520>not <00:11:57.720>a <00:11:57.920>problem. <00:11:58.120>So,

00:11:59.510 --> 00:11:59.520 align:start position:0%
<00:11:59.510>it's <00:11:59.512>not <00:11:59.514>a <00:11:59.516>problem. <00:11:59.519>So,

00:11:59.520 --> 00:12:02.070 align:start position:0%
<00:11:59.520>it's <00:11:59.627>not <00:11:59.735>a <00:11:59.843>problem. <00:11:59.950>So, <00:12:00.058>for <00:12:00.166>me <00:12:00.273>it's <00:12:00.381>when <00:12:00.489>I <00:12:00.596>go <00:12:00.704>for <00:12:00.812>more <00:12:00.920>specific

00:12:02.070 --> 00:12:02.080 align:start position:0%
<00:12:02.070>for <00:12:02.071>me <00:12:02.072>it's <00:12:02.073>when <00:12:02.074>I <00:12:02.075>go <00:12:02.076>for <00:12:02.077>more <00:12:02.079>specific

00:12:02.080 --> 00:12:05.070 align:start position:0%
<00:12:02.080>for <00:12:02.173>me <00:12:02.266>it's <00:12:02.360>when <00:12:02.453>I <00:12:02.546>go <00:12:02.640>for <00:12:02.733>more <00:12:02.826>specific <00:12:02.920>problems, <00:12:03.013>I <00:12:03.106>I <00:12:03.200>can't <00:12:03.293>really <00:12:03.386>mention <00:12:03.480>any,

00:12:05.070 --> 00:12:05.080 align:start position:0%
<00:12:05.070>problems, <00:12:05.071>I <00:12:05.073>I <00:12:05.074>can't <00:12:05.076>really <00:12:05.077>mention <00:12:05.079>any,

00:12:05.080 --> 00:12:06.990 align:start position:0%
<00:12:05.080>problems, <00:12:05.180>I <00:12:05.280>I <00:12:05.380>can't <00:12:05.480>really <00:12:05.580>mention <00:12:05.680>any, <00:12:05.780>but <00:12:05.880>if <00:12:05.980>you <00:12:06.080>guys <00:12:06.180>have <00:12:06.280>some <00:12:06.380>where <00:12:06.480>you

00:12:06.990 --> 00:12:07.000 align:start position:0%
<00:12:06.990>but <00:12:06.991>if <00:12:06.992>you <00:12:06.993>guys <00:12:06.995>have <00:12:06.996>some <00:12:06.997>where <00:12:06.999>you

00:12:07.000 --> 00:12:09.550 align:start position:0%
<00:12:07.000>but <00:12:07.116>if <00:12:07.233>you <00:12:07.350>guys <00:12:07.466>have <00:12:07.583>some <00:12:07.700>where <00:12:07.816>you <00:12:07.933>think <00:12:08.050>like <00:12:08.166>this <00:12:08.283>is <00:12:08.400>definitely

00:12:09.550 --> 00:12:09.560 align:start position:0%
<00:12:09.550>think <00:12:09.552>like <00:12:09.554>this <00:12:09.556>is <00:12:09.559>definitely

00:12:09.560 --> 00:12:11.070 align:start position:0%
<00:12:09.560>think <00:12:09.695>like <00:12:09.831>this <00:12:09.967>is <00:12:10.103>definitely <00:12:10.239>I <00:12:10.375>would <00:12:10.511>love <00:12:10.647>to <00:12:10.783>hear <00:12:10.919>them.

00:12:11.070 --> 00:12:11.080 align:start position:0%
<00:12:11.070>I <00:12:11.071>would <00:12:11.073>love <00:12:11.075>to <00:12:11.077>hear <00:12:11.079>them.

00:12:11.080 --> 00:12:13.110 align:start position:0%
<00:12:11.080>I <00:12:11.187>would <00:12:11.295>love <00:12:11.403>to <00:12:11.510>hear <00:12:11.618>them. <00:12:11.726>&gt;&gt; <00:12:11.833>I <00:12:11.941>mean, <00:12:12.049>the <00:12:12.156>easiest <00:12:12.264>one <00:12:12.372>is <00:12:12.480>fundraising

00:12:13.110 --> 00:12:13.120 align:start position:0%
<00:12:13.110>&gt;&gt; <00:12:13.111>I <00:12:13.112>mean, <00:12:13.113>the <00:12:13.115>easiest <00:12:13.116>one <00:12:13.117>is <00:12:13.119>fundraising

00:12:13.120 --> 00:12:14.390 align:start position:0%
<00:12:13.120>&gt;&gt; <00:12:13.247>I <00:12:13.374>mean, <00:12:13.501>the <00:12:13.628>easiest <00:12:13.755>one <00:12:13.882>is <00:12:14.009>fundraising <00:12:14.136>in <00:12:14.263>Europe.

00:12:14.390 --> 00:12:14.400 align:start position:0%
<00:12:14.390>in <00:12:14.399>Europe.

00:12:14.400 --> 00:12:15.910 align:start position:0%
<00:12:14.400>in <00:12:14.523>Europe. <00:12:14.647>As <00:12:14.770>a <00:12:14.894>founder, <00:12:15.017>it's <00:12:15.141>a <00:12:15.264>pain <00:12:15.388>in <00:12:15.511>the <00:12:15.635>ass <00:12:15.759>to

00:12:15.910 --> 00:12:15.920 align:start position:0%
<00:12:15.910>As <00:12:15.911>a <00:12:15.911>founder, <00:12:15.913>it's <00:12:15.914>a <00:12:15.915>pain <00:12:15.915>in <00:12:15.916>the <00:12:15.918>ass <00:12:15.919>to

00:12:15.920 --> 00:12:17.750 align:start position:0%
<00:12:15.920>As <00:12:16.020>a <00:12:16.120>founder, <00:12:16.219>it's <00:12:16.319>a <00:12:16.420>pain <00:12:16.520>in <00:12:16.620>the <00:12:16.719>ass <00:12:16.819>to <00:12:16.920>fundraise <00:12:17.020>in <00:12:17.120>Europe. <00:12:17.219>Very <00:12:17.319>frequently,

00:12:17.750 --> 00:12:17.760 align:start position:0%
<00:12:17.750>fundraise <00:12:17.752>in <00:12:17.754>Europe. <00:12:17.756>Very <00:12:17.759>frequently,

00:12:17.760 --> 00:12:20.190 align:start position:0%
<00:12:17.760>fundraise <00:12:17.887>in <00:12:18.014>Europe. <00:12:18.141>Very <00:12:18.269>frequently, <00:12:18.396>only <00:12:18.523>local <00:12:18.650>angels <00:12:18.778>even <00:12:18.905>talk <00:12:19.032>to <00:12:19.160>you

00:12:20.190 --> 00:12:20.200 align:start position:0%
<00:12:20.190>only <00:12:20.191>local <00:12:20.193>angels <00:12:20.194>even <00:12:20.196>talk <00:12:20.197>to <00:12:20.199>you

00:12:20.200 --> 00:12:22.270 align:start position:0%
<00:12:20.200>only <00:12:20.300>local <00:12:20.400>angels <00:12:20.500>even <00:12:20.600>talk <00:12:20.700>to <00:12:20.800>you <00:12:20.900>because <00:12:21.000>who <00:12:21.100>in <00:12:21.200>the <00:12:21.300>room <00:12:21.400>wants <00:12:21.500>to <00:12:21.600>figure

00:12:22.270 --> 00:12:22.280 align:start position:0%
<00:12:22.270>because <00:12:22.271>who <00:12:22.272>in <00:12:22.273>the <00:12:22.275>room <00:12:22.276>wants <00:12:22.277>to <00:12:22.279>figure

00:12:22.280 --> 00:12:24.830 align:start position:0%
<00:12:22.280>because <00:12:22.387>who <00:12:22.495>in <00:12:22.603>the <00:12:22.710>room <00:12:22.818>wants <00:12:22.926>to <00:12:23.033>figure <00:12:23.141>out <00:12:23.249>I <00:12:23.356>don't <00:12:23.464>know, <00:12:23.572>Slovenian <00:12:23.680>corporate

00:12:24.830 --> 00:12:24.840 align:start position:0%
<00:12:24.830>out <00:12:24.831>I <00:12:24.833>don't <00:12:24.835>know, <00:12:24.837>Slovenian <00:12:24.839>corporate

00:12:24.840 --> 00:12:26.710 align:start position:0%
<00:12:24.840>out <00:12:24.980>I <00:12:25.120>don't <00:12:25.260>know, <00:12:25.400>Slovenian <00:12:25.540>corporate <00:12:25.680>law, <00:12:25.820>Croatian <00:12:25.960>corporate <00:12:26.100>law, <00:12:26.240>Polish

00:12:26.710 --> 00:12:26.720 align:start position:0%
<00:12:26.710>law, <00:12:26.712>Croatian <00:12:26.714>corporate <00:12:26.716>law, <00:12:26.719>Polish

00:12:26.720 --> 00:12:28.430 align:start position:0%
<00:12:26.720>law, <00:12:26.875>Croatian <00:12:27.031>corporate <00:12:27.186>law, <00:12:27.342>Polish <00:12:27.497>corporate <00:12:27.653>law, <00:12:27.808>Lithuanian <00:12:27.964>corporate <00:12:28.120>law,

00:12:28.430 --> 00:12:28.440 align:start position:0%
<00:12:28.430>corporate <00:12:28.432>law, <00:12:28.434>Lithuanian <00:12:28.436>corporate <00:12:28.439>law,

00:12:28.440 --> 00:12:30.270 align:start position:0%
<00:12:28.440>corporate <00:12:28.615>law, <00:12:28.790>Lithuanian <00:12:28.965>corporate <00:12:29.140>law, <00:12:29.315>Bulgarian <00:12:29.490>corporate <00:12:29.665>law, <00:12:29.840>Hungarian

00:12:30.270 --> 00:12:30.280 align:start position:0%
<00:12:30.270>Bulgarian <00:12:30.273>corporate <00:12:30.276>law, <00:12:30.279>Hungarian

00:12:30.280 --> 00:12:32.150 align:start position:0%
<00:12:30.280>Bulgarian <00:12:30.407>corporate <00:12:30.534>law, <00:12:30.661>Hungarian <00:12:30.789>corporate <00:12:30.916>law, <00:12:31.043>you <00:12:31.170>know? <00:12:31.298>And <00:12:31.425>if <00:12:31.552>you <00:12:31.680>do

00:12:32.150 --> 00:12:32.160 align:start position:0%
<00:12:32.150>corporate <00:12:32.151>law, <00:12:32.152>you <00:12:32.153>know? <00:12:32.155>And <00:12:32.156>if <00:12:32.157>you <00:12:32.159>do

00:12:32.160 --> 00:12:33.990 align:start position:0%
<00:12:32.160>corporate <00:12:32.267>law, <00:12:32.375>you <00:12:32.483>know? <00:12:32.590>And <00:12:32.698>if <00:12:32.806>you <00:12:32.913>do <00:12:33.021>everything <00:12:33.129>right, <00:12:33.236>it's <00:12:33.344>exactly <00:12:33.452>the <00:12:33.560>same

00:12:33.990 --> 00:12:34.000 align:start position:0%
<00:12:33.990>everything <00:12:33.991>right, <00:12:33.993>it's <00:12:33.995>exactly <00:12:33.997>the <00:12:33.999>same

00:12:34.000 --> 00:12:35.310 align:start position:0%
<00:12:34.000>everything <00:12:34.090>right, <00:12:34.181>it's <00:12:34.272>exactly <00:12:34.362>the <00:12:34.453>same <00:12:34.544>as <00:12:34.634>if <00:12:34.725>they <00:12:34.816>would <00:12:34.906>have <00:12:34.997>just <00:12:35.088>used <00:12:35.179>for

00:12:35.310 --> 00:12:35.320 align:start position:0%
<00:12:35.310>as <00:12:35.311>if <00:12:35.312>they <00:12:35.313>would <00:12:35.315>have <00:12:35.316>just <00:12:35.317>used <00:12:35.319>for

00:12:35.320 --> 00:12:37.310 align:start position:0%
<00:12:35.320>as <00:12:35.420>if <00:12:35.520>they <00:12:35.620>would <00:12:35.720>have <00:12:35.820>just <00:12:35.920>used <00:12:36.020>for <00:12:36.120>example <00:12:36.220>an <00:12:36.320>American <00:12:36.420>Delaware <00:12:36.520>Inc. <00:12:36.620>And <00:12:36.720>if

00:12:37.310 --> 00:12:37.320 align:start position:0%
<00:12:37.310>example <00:12:37.311>an <00:12:37.313>American <00:12:37.314>Delaware <00:12:37.316>Inc. <00:12:37.317>And <00:12:37.319>if

00:12:37.320 --> 00:12:39.270 align:start position:0%
<00:12:37.320>example <00:12:37.413>an <00:12:37.506>American <00:12:37.600>Delaware <00:12:37.693>Inc. <00:12:37.786>And <00:12:37.880>if <00:12:37.973>you <00:12:38.066>do <00:12:38.160>any <00:12:38.253>mistake, <00:12:38.346>in <00:12:38.440>5 <00:12:38.533>years <00:12:38.626>down <00:12:38.720>the

00:12:39.270 --> 00:12:39.280 align:start position:0%
<00:12:39.270>you <00:12:39.271>do <00:12:39.272>any <00:12:39.273>mistake, <00:12:39.274>in <00:12:39.275>5 <00:12:39.276>years <00:12:39.277>down <00:12:39.279>the

00:12:39.280 --> 00:12:41.270 align:start position:0%
<00:12:39.280>you <00:12:39.367>do <00:12:39.454>any <00:12:39.542>mistake, <00:12:39.630>in <00:12:39.717>5 <00:12:39.805>years <00:12:39.892>down <00:12:39.980>the <00:12:40.067>line, <00:12:40.155>you <00:12:40.242>look <00:12:40.329>like <00:12:40.417>an <00:12:40.505>idiot, <00:12:40.592>you <00:12:40.680>know?

00:12:41.270 --> 00:12:41.280 align:start position:0%
<00:12:41.270>line, <00:12:41.271>you <00:12:41.272>look <00:12:41.273>like <00:12:41.275>an <00:12:41.276>idiot, <00:12:41.277>you <00:12:41.279>know?

00:12:41.280 --> 00:12:42.430 align:start position:0%
<00:12:41.280>line, <00:12:41.409>you <00:12:41.538>look <00:12:41.668>like <00:12:41.797>an <00:12:41.926>idiot, <00:12:42.056>you <00:12:42.185>know? <00:12:42.314>And

00:12:42.430 --> 00:12:42.440 align:start position:0%
And

00:12:42.440 --> 00:12:44.430 align:start position:0%
<00:12:42.440>And <00:12:42.720>because <00:12:43.000>of <00:12:43.280>that <00:12:43.560>completely <00:12:43.840>needless

00:12:44.430 --> 00:12:44.440 align:start position:0%
<00:12:44.430>because <00:12:44.432>of <00:12:44.434>that <00:12:44.436>completely <00:12:44.439>needless

00:12:44.440 --> 00:12:47.110 align:start position:0%
<00:12:44.440>because <00:12:44.580>of <00:12:44.720>that <00:12:44.860>completely <00:12:45.000>needless <00:12:45.140>friction, <00:12:45.280>it's <00:12:45.420>very <00:12:45.560>uncommon <00:12:45.700>for <00:12:45.840>people

00:12:47.110 --> 00:12:47.120 align:start position:0%
<00:12:47.110>friction, <00:12:47.111>it's <00:12:47.113>very <00:12:47.115>uncommon <00:12:47.117>for <00:12:47.119>people

00:12:47.120 --> 00:12:49.590 align:start position:0%
<00:12:47.120>friction, <00:12:47.236>it's <00:12:47.353>very <00:12:47.470>uncommon <00:12:47.586>for <00:12:47.703>people <00:12:47.820>to <00:12:47.936>do <00:12:48.053>like <00:12:48.170>early <00:12:48.286>early <00:12:48.403>quick <00:12:48.520>angel

00:12:49.590 --> 00:12:49.600 align:start position:0%
<00:12:49.590>to <00:12:49.591>do <00:12:49.593>like <00:12:49.594>early <00:12:49.596>early <00:12:49.597>quick <00:12:49.599>angel

00:12:49.600 --> 00:12:51.310 align:start position:0%
<00:12:49.600>to <00:12:49.700>do <00:12:49.800>like <00:12:49.900>early <00:12:50.000>early <00:12:50.100>quick <00:12:50.200>angel <00:12:50.300>checks <00:12:50.400>as <00:12:50.500>you <00:12:50.600>do <00:12:50.700>in <00:12:50.800>the <00:12:50.900>States <00:12:51.000>for

00:12:51.310 --> 00:12:51.320 align:start position:0%
<00:12:51.310>checks <00:12:51.311>as <00:12:51.312>you <00:12:51.313>do <00:12:51.315>in <00:12:51.316>the <00:12:51.317>States <00:12:51.319>for

00:12:51.320 --> 00:12:54.670 align:start position:0%
<00:12:51.320>checks <00:12:51.427>as <00:12:51.535>you <00:12:51.643>do <00:12:51.750>in <00:12:51.858>the <00:12:51.966>States <00:12:52.073>for <00:12:52.181>example. <00:12:52.289>And <00:12:52.396>these <00:12:52.504>quick <00:12:52.612>angel <00:12:52.720>checks,

00:12:54.670 --> 00:12:54.680 align:start position:0%
<00:12:54.670>example. <00:12:54.671>And <00:12:54.673>these <00:12:54.675>quick <00:12:54.677>angel <00:12:54.679>checks,

00:12:54.680 --> 00:12:56.390 align:start position:0%
<00:12:54.680>example. <00:12:54.807>And <00:12:54.934>these <00:12:55.061>quick <00:12:55.189>angel <00:12:55.316>checks, <00:12:55.443>they <00:12:55.570>create <00:12:55.698>momentum <00:12:55.825>in <00:12:55.952>a <00:12:56.079>fundraising

00:12:56.390 --> 00:12:56.400 align:start position:0%
<00:12:56.390>they <00:12:56.391>create <00:12:56.393>momentum <00:12:56.395>in <00:12:56.397>a <00:12:56.399>fundraising

00:12:56.400 --> 00:12:59.070 align:start position:0%
<00:12:56.400>they <00:12:56.507>create <00:12:56.615>momentum <00:12:56.723>in <00:12:56.830>a <00:12:56.938>fundraising <00:12:57.046>round. <00:12:57.153>And <00:12:57.261>by <00:12:57.369>having <00:12:57.476>a <00:12:57.584>larger <00:12:57.692>pool <00:12:57.800>of

00:12:59.070 --> 00:12:59.080 align:start position:0%
<00:12:59.070>round. <00:12:59.071>And <00:12:59.072>by <00:12:59.073>having <00:12:59.075>a <00:12:59.076>larger <00:12:59.077>pool <00:12:59.079>of

00:12:59.080 --> 00:13:01.030 align:start position:0%
<00:12:59.080>round. <00:12:59.187>And <00:12:59.295>by <00:12:59.403>having <00:12:59.510>a <00:12:59.618>larger <00:12:59.726>pool <00:12:59.833>of <00:12:59.941>investors, <00:13:00.049>like <00:13:00.156>all <00:13:00.264>over <00:13:00.372>Europe <00:13:00.480>for

00:13:01.030 --> 00:13:01.040 align:start position:0%
<00:13:01.030>investors, <00:13:01.031>like <00:13:01.033>all <00:13:01.035>over <00:13:01.037>Europe <00:13:01.039>for

00:13:01.040 --> 00:13:02.710 align:start position:0%
<00:13:01.040>investors, <00:13:01.195>like <00:13:01.351>all <00:13:01.506>over <00:13:01.662>Europe <00:13:01.817>for <00:13:01.973>example <00:13:02.128>or <00:13:02.284>the <00:13:02.439>worldwide,

00:13:02.710 --> 00:13:02.720 align:start position:0%
<00:13:02.710>example <00:13:02.713>or <00:13:02.716>the <00:13:02.719>worldwide,

00:13:02.720 --> 00:13:04.910 align:start position:0%
<00:13:02.720>example <00:13:02.847>or <00:13:02.974>the <00:13:03.101>worldwide, <00:13:03.229>you <00:13:03.356>have <00:13:03.483>a <00:13:03.610>larger <00:13:03.738>pool <00:13:03.865>of <00:13:03.992>investors <00:13:04.120>who

00:13:04.910 --> 00:13:04.920 align:start position:0%
<00:13:04.910>you <00:13:04.911>have <00:13:04.912>a <00:13:04.913>larger <00:13:04.915>pool <00:13:04.916>of <00:13:04.917>investors <00:13:04.919>who

00:13:04.920 --> 00:13:06.710 align:start position:0%
<00:13:04.920>you <00:13:05.013>have <00:13:05.106>a <00:13:05.199>larger <00:13:05.293>pool <00:13:05.386>of <00:13:05.479>investors <00:13:05.573>who <00:13:05.666>want <00:13:05.760>to <00:13:05.853>invest <00:13:05.946>in <00:13:06.040>you. <00:13:06.133>That <00:13:06.226>also <00:13:06.319>creates

00:13:06.710 --> 00:13:06.720 align:start position:0%
<00:13:06.710>want <00:13:06.711>to <00:13:06.712>invest <00:13:06.713>in <00:13:06.715>you. <00:13:06.716>That <00:13:06.717>also <00:13:06.719>creates

00:13:06.720 --> 00:13:08.950 align:start position:0%
<00:13:06.720>want <00:13:06.802>to <00:13:06.884>invest <00:13:06.967>in <00:13:07.049>you. <00:13:07.131>That <00:13:07.214>also <00:13:07.296>creates <00:13:07.378>a <00:13:07.461>momentum <00:13:07.543>and <00:13:07.625>so <00:13:07.708>on <00:13:07.790>and <00:13:07.872>so <00:13:07.955>on. <00:13:08.037>So, <00:13:08.120>we

00:13:08.950 --> 00:13:08.960 align:start position:0%
<00:13:08.950>a <00:13:08.951>momentum <00:13:08.952>and <00:13:08.953>so <00:13:08.954>on <00:13:08.955>and <00:13:08.956>so <00:13:08.957>on. <00:13:08.958>So, <00:13:08.959>we

00:13:08.960 --> 00:13:10.390 align:start position:0%
<00:13:08.960>a <00:13:09.059>momentum <00:13:09.158>and <00:13:09.257>so <00:13:09.356>on <00:13:09.455>and <00:13:09.554>so <00:13:09.653>on. <00:13:09.752>So, <00:13:09.851>we <00:13:09.950>create <00:13:10.049>like <00:13:10.148>these <00:13:10.247>artificial

00:13:10.390 --> 00:13:10.400 align:start position:0%
<00:13:10.390>create <00:13:10.393>like <00:13:10.396>these <00:13:10.399>artificial

00:13:10.400 --> 00:13:12.550 align:start position:0%
<00:13:10.400>create <00:13:10.680>like <00:13:10.959>these <00:13:11.240>artificial <00:13:11.520>fragmentation <00:13:11.800>silos

00:13:12.550 --> 00:13:12.560 align:start position:0%
<00:13:12.550>fragmentation <00:13:12.559>silos

00:13:12.560 --> 00:13:14.870 align:start position:0%
<00:13:12.560>fragmentation <00:13:12.734>silos <00:13:12.910>that <00:13:13.084>create <00:13:13.260>an <00:13:13.435>environment <00:13:13.609>that <00:13:13.785>we <00:13:13.959>think

00:13:14.870 --> 00:13:14.880 align:start position:0%
<00:13:14.870>that <00:13:14.871>create <00:13:14.873>an <00:13:14.874>environment <00:13:14.876>that <00:13:14.877>we <00:13:14.879>think

00:13:14.880 --> 00:13:16.910 align:start position:0%
<00:13:14.880>that <00:13:14.980>create <00:13:15.080>an <00:13:15.180>environment <00:13:15.280>that <00:13:15.380>we <00:13:15.480>think <00:13:15.580>is <00:13:15.680>normal <00:13:15.780>because <00:13:15.880>we <00:13:15.980>grew <00:13:16.080>up <00:13:16.180>in <00:13:16.280>Austria,

00:13:16.910 --> 00:13:16.920 align:start position:0%
<00:13:16.910>is <00:13:16.911>normal <00:13:16.912>because <00:13:16.913>we <00:13:16.915>grew <00:13:16.916>up <00:13:16.917>in <00:13:16.919>Austria,

00:13:16.920 --> 00:13:18.829 align:start position:0%
<00:13:16.920>is <00:13:17.013>normal <00:13:17.106>because <00:13:17.199>we <00:13:17.293>grew <00:13:17.386>up <00:13:17.479>in <00:13:17.573>Austria, <00:13:17.666>grew <00:13:17.760>up <00:13:17.853>in <00:13:17.946>Denmark, <00:13:18.040>you <00:13:18.133>know? <00:13:18.226>We <00:13:18.319>think

00:13:18.829 --> 00:13:18.839 align:start position:0%
<00:13:18.829>grew <00:13:18.830>up <00:13:18.831>in <00:13:18.832>Denmark, <00:13:18.834>you <00:13:18.835>know? <00:13:18.836>We <00:13:18.838>think

00:13:18.839 --> 00:13:20.829 align:start position:0%
<00:13:18.839>grew <00:13:18.939>up <00:13:19.039>in <00:13:19.138>Denmark, <00:13:19.238>you <00:13:19.339>know? <00:13:19.439>We <00:13:19.539>think <00:13:19.638>it's <00:13:19.738>normal <00:13:19.839>that <00:13:19.939>that's <00:13:20.039>how <00:13:20.138>things <00:13:20.238>are

00:13:20.829 --> 00:13:20.839 align:start position:0%
<00:13:20.829>it's <00:13:20.830>normal <00:13:20.832>that <00:13:20.833>that's <00:13:20.834>how <00:13:20.836>things <00:13:20.838>are

00:13:20.839 --> 00:13:23.030 align:start position:0%
<00:13:20.839>it's <00:13:20.946>normal <00:13:21.054>that <00:13:21.162>that's <00:13:21.269>how <00:13:21.377>things <00:13:21.485>are <00:13:21.592>done. <00:13:21.700>But <00:13:21.808>if <00:13:21.915>you <00:13:22.023>actually, <00:13:22.131>for <00:13:22.238>example

00:13:23.030 --> 00:13:23.040 align:start position:0%
<00:13:23.030>done. <00:13:23.031>But <00:13:23.033>if <00:13:23.034>you <00:13:23.036>actually, <00:13:23.037>for <00:13:23.039>example

00:13:23.040 --> 00:13:24.710 align:start position:0%
<00:13:23.040>done. <00:13:23.122>But <00:13:23.204>if <00:13:23.287>you <00:13:23.369>actually, <00:13:23.451>for <00:13:23.534>example <00:13:23.616>like <00:13:23.698>I <00:13:23.781>lived <00:13:23.863>5 <00:13:23.945>6 <00:13:24.028>years <00:13:24.110>in <00:13:24.192>the <00:13:24.275>in <00:13:24.357>the <00:13:24.439>Bay

00:13:24.710 --> 00:13:24.720 align:start position:0%
<00:13:24.710>like <00:13:24.710>I <00:13:24.711>lived <00:13:24.712>5 <00:13:24.713>6 <00:13:24.714>years <00:13:24.715>in <00:13:24.716>the <00:13:24.717>in <00:13:24.718>the <00:13:24.719>Bay

00:13:24.720 --> 00:13:27.510 align:start position:0%
<00:13:24.720>like <00:13:24.807>I <00:13:24.895>lived <00:13:24.982>5 <00:13:25.070>6 <00:13:25.157>years <00:13:25.245>in <00:13:25.332>the <00:13:25.420>in <00:13:25.507>the <00:13:25.595>Bay <00:13:25.682>Area, <00:13:25.770>like <00:13:25.857>it's <00:13:25.945>completely <00:13:26.032>normal <00:13:26.120>that

00:13:27.510 --> 00:13:27.520 align:start position:0%
<00:13:27.510>Area, <00:13:27.511>like <00:13:27.513>it's <00:13:27.515>completely <00:13:27.517>normal <00:13:27.519>that

00:13:27.520 --> 00:13:29.270 align:start position:0%
<00:13:27.520>Area, <00:13:27.627>like <00:13:27.735>it's <00:13:27.843>completely <00:13:27.950>normal <00:13:28.058>that <00:13:28.166>you <00:13:28.273>are <00:13:28.381>based <00:13:28.489>in <00:13:28.596>New <00:13:28.704>York <00:13:28.812>and <00:13:28.920>somebody

00:13:29.270 --> 00:13:29.280 align:start position:0%
<00:13:29.270>you <00:13:29.271>are <00:13:29.272>based <00:13:29.273>in <00:13:29.275>New <00:13:29.276>York <00:13:29.277>and <00:13:29.279>somebody

00:13:29.280 --> 00:13:31.590 align:start position:0%
<00:13:29.280>you <00:13:29.380>are <00:13:29.480>based <00:13:29.579>in <00:13:29.680>New <00:13:29.780>York <00:13:29.880>and <00:13:29.980>somebody <00:13:30.079>from <00:13:30.180>San <00:13:30.280>Francisco <00:13:30.380>invest. <00:13:30.480>We <00:13:30.579>don't <00:13:30.680>even

00:13:31.590 --> 00:13:31.600 align:start position:0%
<00:13:31.590>from <00:13:31.591>San <00:13:31.593>Francisco <00:13:31.594>invest. <00:13:31.596>We <00:13:31.597>don't <00:13:31.599>even

00:13:31.600 --> 00:13:34.710 align:start position:0%
<00:13:31.600>from <00:13:31.707>San <00:13:31.815>Francisco <00:13:31.923>invest. <00:13:32.030>We <00:13:32.138>don't <00:13:32.246>even <00:13:32.353>have <00:13:32.461>these <00:13:32.569>distances, <00:13:32.676>you <00:13:32.784>know, <00:13:32.892>and <00:13:33.000>you

00:13:34.710 --> 00:13:34.720 align:start position:0%
<00:13:34.710>have <00:13:34.711>these <00:13:34.713>distances, <00:13:34.714>you <00:13:34.716>know, <00:13:34.717>and <00:13:34.719>you

00:13:34.720 --> 00:13:37.030 align:start position:0%
<00:13:34.720>have <00:13:34.827>these <00:13:34.935>distances, <00:13:35.043>you <00:13:35.150>know, <00:13:35.258>and <00:13:35.366>you <00:13:35.473>know, <00:13:35.581>and <00:13:35.689>it's <00:13:35.796>like <00:13:35.904>unconceivable <00:13:36.012>for <00:13:36.120>us

00:13:37.030 --> 00:13:37.040 align:start position:0%
<00:13:37.030>know, <00:13:37.031>and <00:13:37.033>it's <00:13:37.034>like <00:13:37.036>unconceivable <00:13:37.037>for <00:13:37.039>us

00:13:37.040 --> 00:13:38.550 align:start position:0%
<00:13:37.040>know, <00:13:37.153>and <00:13:37.266>it's <00:13:37.379>like <00:13:37.492>unconceivable <00:13:37.606>for <00:13:37.719>us <00:13:37.832>that <00:13:37.945>like <00:13:38.059>a <00:13:38.172>Polish <00:13:38.285>investor <00:13:38.399>would

00:13:38.550 --> 00:13:38.560 align:start position:0%
<00:13:38.550>that <00:13:38.551>like <00:13:38.553>a <00:13:38.555>Polish <00:13:38.557>investor <00:13:38.559>would

00:13:38.560 --> 00:13:40.870 align:start position:0%
<00:13:38.560>that <00:13:38.676>like <00:13:38.793>a <00:13:38.910>Polish <00:13:39.026>investor <00:13:39.143>would <00:13:39.260>quickly <00:13:39.376>invest <00:13:39.493>in <00:13:39.609>a <00:13:39.726>French <00:13:39.843>company <00:13:39.959>like

00:13:40.870 --> 00:13:40.880 align:start position:0%
<00:13:40.870>quickly <00:13:40.871>invest <00:13:40.873>in <00:13:40.874>a <00:13:40.876>French <00:13:40.877>company <00:13:40.879>like

00:13:40.880 --> 00:13:43.230 align:start position:0%
<00:13:40.880>quickly <00:13:40.987>invest <00:13:41.095>in <00:13:41.203>a <00:13:41.310>French <00:13:41.418>company <00:13:41.526>like <00:13:41.633>this, <00:13:41.741>you <00:13:41.849>know, <00:13:41.956>and <00:13:42.064>that's <00:13:42.172>that's <00:13:42.280>the

00:13:43.230 --> 00:13:43.240 align:start position:0%
<00:13:43.230>this, <00:13:43.231>you <00:13:43.233>know, <00:13:43.234>and <00:13:43.236>that's <00:13:43.237>that's <00:13:43.239>the

00:13:43.240 --> 00:13:44.710 align:start position:0%
<00:13:43.240>this, <00:13:43.334>you <00:13:43.429>know, <00:13:43.523>and <00:13:43.618>that's <00:13:43.712>that's <00:13:43.807>the <00:13:43.901>kind <00:13:43.996>of <00:13:44.090>problems <00:13:44.185>we <00:13:44.279>have <00:13:44.374>from <00:13:44.468>my <00:13:44.563>point

00:13:44.710 --> 00:13:44.720 align:start position:0%
<00:13:44.710>kind <00:13:44.711>of <00:13:44.712>problems <00:13:44.713>we <00:13:44.715>have <00:13:44.716>from <00:13:44.717>my <00:13:44.719>point

00:13:44.720 --> 00:13:45.550 align:start position:0%
<00:13:44.720>kind <00:13:44.769>of <00:13:44.819>problems <00:13:44.869>we <00:13:44.919>have <00:13:44.969>from <00:13:45.018>my <00:13:45.068>point <00:13:45.118>of <00:13:45.168>view <00:13:45.218>and <00:13:45.267>that's <00:13:45.317>all <00:13:45.367>of <00:13:45.417>that <00:13:45.467>is

00:13:45.550 --> 00:13:45.560 align:start position:0%
<00:13:45.550>of <00:13:45.551>view <00:13:45.552>and <00:13:45.553>that's <00:13:45.555>all <00:13:45.556>of <00:13:45.557>that <00:13:45.559>is

00:13:45.560 --> 00:13:47.110 align:start position:0%
<00:13:45.560>of <00:13:45.734>view <00:13:45.908>and <00:13:46.083>that's <00:13:46.257>all <00:13:46.431>of <00:13:46.606>that <00:13:46.780>is <00:13:46.955>fragmentation.

00:13:47.110 --> 00:13:47.120 align:start position:0%
fragmentation.

00:13:47.120 --> 00:13:49.070 align:start position:0%
<00:13:47.120>fragmentation. <00:13:47.820>&gt;&gt; <00:13:48.520>Sorry.

00:13:49.070 --> 00:13:49.080 align:start position:0%
<00:13:49.070>&gt;&gt; <00:13:49.079>Sorry.

00:13:49.080 --> 00:13:52.310 align:start position:0%
<00:13:49.080>&gt;&gt; <00:13:49.280>Sorry. <00:13:49.480>Yeah, <00:13:49.680>I <00:13:49.880>I <00:13:50.080>completely <00:13:50.280>agree <00:13:50.480>on

00:13:52.310 --> 00:13:52.320 align:start position:0%
<00:13:52.310>Yeah, <00:13:52.311>I <00:13:52.313>I <00:13:52.315>completely <00:13:52.317>agree <00:13:52.319>on

00:13:52.320 --> 00:13:55.510 align:start position:0%
<00:13:52.320>Yeah, <00:13:52.460>I <00:13:52.600>I <00:13:52.740>completely <00:13:52.880>agree <00:13:53.020>on <00:13:53.160>funding. <00:13:53.300>Funding <00:13:53.440>especially <00:13:53.580>from <00:13:53.720>my

00:13:55.510 --> 00:13:55.520 align:start position:0%
<00:13:55.510>funding. <00:13:55.512>Funding <00:13:55.514>especially <00:13:55.516>from <00:13:55.519>my

00:13:55.520 --> 00:13:56.910 align:start position:0%
<00:13:55.520>funding. <00:13:55.770>Funding <00:13:56.020>especially <00:13:56.270>from <00:13:56.520>my <00:13:56.771>perspective

00:13:56.910 --> 00:13:56.920 align:start position:0%
perspective

00:13:56.920 --> 00:14:00.670 align:start position:0%
<00:13:56.920>perspective <00:13:57.153>such <00:13:57.386>as <00:13:57.620>incredible <00:13:57.853>ambitious <00:13:58.086>project <00:13:58.319>and

00:14:00.670 --> 00:14:00.680 align:start position:0%
<00:14:00.670>such <00:14:00.671>as <00:14:00.673>incredible <00:14:00.675>ambitious <00:14:00.677>project <00:14:00.679>and

00:14:00.680 --> 00:14:02.910 align:start position:0%
<00:14:00.680>such <00:14:00.819>as <00:14:00.959>incredible <00:14:01.099>ambitious <00:14:01.239>project <00:14:01.380>and <00:14:01.520>pitching <00:14:01.660>incredible <00:14:01.800>ambitious <00:14:01.939>and <00:14:02.079>hard

00:14:02.910 --> 00:14:02.920 align:start position:0%
<00:14:02.910>pitching <00:14:02.912>incredible <00:14:02.914>ambitious <00:14:02.916>and <00:14:02.919>hard

00:14:02.920 --> 00:14:04.910 align:start position:0%
<00:14:02.920>pitching <00:14:03.120>incredible <00:14:03.319>ambitious <00:14:03.520>and <00:14:03.719>hard <00:14:03.920>projects <00:14:04.120>in <00:14:04.319>Europe.

00:14:04.910 --> 00:14:04.920 align:start position:0%
<00:14:04.910>projects <00:14:04.914>in <00:14:04.919>Europe.

00:14:04.920 --> 00:14:06.950 align:start position:0%
<00:14:04.920>projects <00:14:05.075>in <00:14:05.231>Europe. <00:14:05.386>It's <00:14:05.542>extremely <00:14:05.697>hard <00:14:05.853>to <00:14:06.008>get <00:14:06.164>funding <00:14:06.319>in

00:14:06.950 --> 00:14:06.960 align:start position:0%
<00:14:06.950>It's <00:14:06.951>extremely <00:14:06.953>hard <00:14:06.954>to <00:14:06.956>get <00:14:06.957>funding <00:14:06.959>in

00:14:06.960 --> 00:14:08.190 align:start position:0%
<00:14:06.960>It's <00:14:07.098>extremely <00:14:07.236>hard <00:14:07.375>to <00:14:07.513>get <00:14:07.651>funding <00:14:07.790>in <00:14:07.928>the <00:14:08.067>beginning.

00:14:08.190 --> 00:14:08.200 align:start position:0%
<00:14:08.190>the <00:14:08.199>beginning.

00:14:08.200 --> 00:14:11.270 align:start position:0%
<00:14:08.200>the <00:14:08.340>beginning. <00:14:08.480>But <00:14:08.620>for <00:14:08.760>me <00:14:08.900>it <00:14:09.040>was <00:14:09.180>actually <00:14:09.320>not <00:14:09.460>that <00:14:09.600>much

00:14:11.270 --> 00:14:11.280 align:start position:0%
<00:14:11.270>But <00:14:11.271>for <00:14:11.272>me <00:14:11.273>it <00:14:11.274>was <00:14:11.275>actually <00:14:11.276>not <00:14:11.277>that <00:14:11.279>much

00:14:11.280 --> 00:14:13.110 align:start position:0%
<00:14:11.280>But <00:14:11.367>for <00:14:11.454>me <00:14:11.542>it <00:14:11.630>was <00:14:11.717>actually <00:14:11.805>not <00:14:11.892>that <00:14:11.980>much <00:14:12.067>lower. <00:14:12.155>Again, <00:14:12.242>I <00:14:12.329>think <00:14:12.417>Denmark <00:14:12.505>is <00:14:12.592>in <00:14:12.680>a

00:14:13.110 --> 00:14:13.120 align:start position:0%
<00:14:13.110>lower. <00:14:13.111>Again, <00:14:13.112>I <00:14:13.113>think <00:14:13.115>Denmark <00:14:13.116>is <00:14:13.117>in <00:14:13.119>a

00:14:13.120 --> 00:14:14.710 align:start position:0%
<00:14:13.120>lower. <00:14:13.236>Again, <00:14:13.353>I <00:14:13.470>think <00:14:13.586>Denmark <00:14:13.703>is <00:14:13.820>in <00:14:13.936>a <00:14:14.053>really <00:14:14.170>good <00:14:14.286>place <00:14:14.403>for <00:14:14.520>foreign

00:14:14.710 --> 00:14:14.720 align:start position:0%
<00:14:14.710>really <00:14:14.712>good <00:14:14.714>place <00:14:14.716>for <00:14:14.719>foreign

00:14:14.720 --> 00:14:16.190 align:start position:0%
<00:14:14.720>really <00:14:14.909>good <00:14:15.098>place <00:14:15.287>for <00:14:15.476>foreign <00:14:15.665>investments <00:14:15.854>as <00:14:16.043>well,

00:14:16.190 --> 00:14:16.200 align:start position:0%
<00:14:16.190>investments <00:14:16.194>as <00:14:16.199>well,

00:14:16.200 --> 00:14:18.630 align:start position:0%
<00:14:16.200>investments <00:14:16.355>as <00:14:16.511>well, <00:14:16.666>but <00:14:16.822>it <00:14:16.977>was <00:14:17.133>more <00:14:17.288>the <00:14:17.444>aggressiveness <00:14:17.600>of

00:14:18.630 --> 00:14:18.640 align:start position:0%
<00:14:18.630>but <00:14:18.631>it <00:14:18.633>was <00:14:18.634>more <00:14:18.636>the <00:14:18.637>aggressiveness <00:14:18.639>of

00:14:18.640 --> 00:14:21.750 align:start position:0%
<00:14:18.640>but <00:14:18.767>it <00:14:18.894>was <00:14:19.021>more <00:14:19.149>the <00:14:19.276>aggressiveness <00:14:19.403>of <00:14:19.530>European <00:14:19.658>investors <00:14:19.785>on <00:14:19.912>running <00:14:20.040>risk

00:14:21.750 --> 00:14:21.760 align:start position:0%
<00:14:21.750>European <00:14:21.752>investors <00:14:21.754>on <00:14:21.756>running <00:14:21.759>risk

00:14:21.760 --> 00:14:23.110 align:start position:0%
<00:14:21.760>European <00:14:21.870>investors <00:14:21.980>on <00:14:22.091>running <00:14:22.201>risk <00:14:22.312>compared <00:14:22.422>to <00:14:22.533>the <00:14:22.643>amount <00:14:22.754>of <00:14:22.864>money <00:14:22.975>we

00:14:23.110 --> 00:14:23.120 align:start position:0%
<00:14:23.110>compared <00:14:23.111>to <00:14:23.113>the <00:14:23.114>amount <00:14:23.116>of <00:14:23.117>money <00:14:23.119>we

00:14:23.120 --> 00:14:25.750 align:start position:0%
<00:14:23.120>compared <00:14:23.227>to <00:14:23.335>the <00:14:23.443>amount <00:14:23.550>of <00:14:23.658>money <00:14:23.766>we <00:14:23.873>needed <00:14:23.981>where <00:14:24.089>I <00:14:24.196>think <00:14:24.304>the <00:14:24.412>risk <00:14:24.520>factor

00:14:25.750 --> 00:14:25.760 align:start position:0%
<00:14:25.750>needed <00:14:25.751>where <00:14:25.753>I <00:14:25.754>think <00:14:25.756>the <00:14:25.757>risk <00:14:25.759>factor

00:14:25.760 --> 00:14:28.230 align:start position:0%
<00:14:25.760>needed <00:14:25.876>where <00:14:25.993>I <00:14:26.110>think <00:14:26.226>the <00:14:26.343>risk <00:14:26.460>factor <00:14:26.576>compared <00:14:26.693>to <00:14:26.810>Silicon <00:14:26.926>Valley <00:14:27.043>where <00:14:27.160>I'm

00:14:28.230 --> 00:14:28.240 align:start position:0%
<00:14:28.230>compared <00:14:28.231>to <00:14:28.233>Silicon <00:14:28.235>Valley <00:14:28.237>where <00:14:28.239>I'm

00:14:28.240 --> 00:14:30.670 align:start position:0%
<00:14:28.240>compared <00:14:28.395>to <00:14:28.551>Silicon <00:14:28.706>Valley <00:14:28.862>where <00:14:29.017>I'm <00:14:29.173>often <00:14:29.328>is <00:14:29.484>completely <00:14:29.640>different.

00:14:30.670 --> 00:14:30.680 align:start position:0%
<00:14:30.670>often <00:14:30.673>is <00:14:30.675>completely <00:14:30.679>different.

00:14:30.680 --> 00:14:32.750 align:start position:0%
<00:14:30.680>often <00:14:30.796>is <00:14:30.913>completely <00:14:31.030>different. <00:14:31.146>&gt;&gt; <00:14:31.263>But <00:14:31.380>that <00:14:31.496>comes <00:14:31.613>out <00:14:31.729>of <00:14:31.846>that <00:14:31.963>system. <00:14:32.079>Like

00:14:32.750 --> 00:14:32.760 align:start position:0%
<00:14:32.750>&gt;&gt; <00:14:32.751>But <00:14:32.752>that <00:14:32.753>comes <00:14:32.754>out <00:14:32.755>of <00:14:32.756>that <00:14:32.757>system. <00:14:32.759>Like

00:14:32.760 --> 00:14:34.910 align:start position:0%
<00:14:32.760>&gt;&gt; <00:14:32.842>But <00:14:32.924>that <00:14:33.007>comes <00:14:33.089>out <00:14:33.171>of <00:14:33.254>that <00:14:33.336>system. <00:14:33.418>Like <00:14:33.501>if <00:14:33.583>you <00:14:33.665>only <00:14:33.748>fish <00:14:33.830>in <00:14:33.912>a <00:14:33.995>pond, <00:14:34.077>like <00:14:34.160>why

00:14:34.910 --> 00:14:34.920 align:start position:0%
<00:14:34.910>if <00:14:34.911>you <00:14:34.912>only <00:14:34.913>fish <00:14:34.914>in <00:14:34.915>a <00:14:34.916>pond, <00:14:34.917>like <00:14:34.919>why

00:14:34.920 --> 00:14:36.390 align:start position:0%
<00:14:34.920>if <00:14:35.008>you <00:14:35.096>only <00:14:35.184>fish <00:14:35.272>in <00:14:35.361>a <00:14:35.449>pond, <00:14:35.537>like <00:14:35.625>why <00:14:35.713>should <00:14:35.802>you <00:14:35.890>swim <00:14:35.978>faster <00:14:36.066>to <00:14:36.154>like <00:14:36.242>your

00:14:36.390 --> 00:14:36.400 align:start position:0%
<00:14:36.390>should <00:14:36.391>you <00:14:36.393>swim <00:14:36.394>faster <00:14:36.396>to <00:14:36.397>like <00:14:36.399>your

00:14:36.400 --> 00:14:38.110 align:start position:0%
<00:14:36.400>should <00:14:36.507>you <00:14:36.615>swim <00:14:36.723>faster <00:14:36.830>to <00:14:36.938>like <00:14:37.046>your <00:14:37.153>prey? <00:14:37.261>Okay, <00:14:37.369>the <00:14:37.476>analog <00:14:37.584>doesn't <00:14:37.692>work, <00:14:37.800>but

00:14:38.110 --> 00:14:38.120 align:start position:0%
<00:14:38.110>prey? <00:14:38.111>Okay, <00:14:38.113>the <00:14:38.114>analog <00:14:38.116>doesn't <00:14:38.117>work, <00:14:38.119>but

00:14:38.120 --> 00:14:40.270 align:start position:0%
<00:14:38.120>prey? <00:14:38.227>Okay, <00:14:38.335>the <00:14:38.443>analog <00:14:38.550>doesn't <00:14:38.658>work, <00:14:38.766>but <00:14:38.873>you <00:14:38.981>get <00:14:39.089>what <00:14:39.196>I'm <00:14:39.304>trying <00:14:39.412>to <00:14:39.520>say.

00:14:40.270 --> 00:14:40.280 align:start position:0%
<00:14:40.270>you <00:14:40.271>get <00:14:40.273>what <00:14:40.274>I'm <00:14:40.276>trying <00:14:40.277>to <00:14:40.279>say.

00:14:40.280 --> 00:14:41.350 align:start position:0%
<00:14:40.280>you <00:14:40.360>get <00:14:40.440>what <00:14:40.520>I'm <00:14:40.601>trying <00:14:40.681>to <00:14:40.761>say. <00:14:40.841>And <00:14:40.922>if <00:14:41.002>there's <00:14:41.082>like <00:14:41.162>hundreds <00:14:41.243>of

00:14:41.350 --> 00:14:41.360 align:start position:0%
<00:14:41.350>And <00:14:41.351>if <00:14:41.353>there's <00:14:41.355>like <00:14:41.357>hundreds <00:14:41.359>of

00:14:41.360 --> 00:14:43.110 align:start position:0%
<00:14:41.360>And <00:14:41.467>if <00:14:41.575>there's <00:14:41.683>like <00:14:41.790>hundreds <00:14:41.898>of <00:14:42.006>investors <00:14:42.113>also <00:14:42.221>talking <00:14:42.329>to <00:14:42.436>you <00:14:42.544>I <00:14:42.652>as <00:14:42.760>an

00:14:43.110 --> 00:14:43.120 align:start position:0%
<00:14:43.110>investors <00:14:43.111>also <00:14:43.112>talking <00:14:43.113>to <00:14:43.115>you <00:14:43.116>I <00:14:43.117>as <00:14:43.119>an

00:14:43.120 --> 00:14:45.190 align:start position:0%
<00:14:43.120>investors <00:14:43.220>also <00:14:43.320>talking <00:14:43.420>to <00:14:43.520>you <00:14:43.620>I <00:14:43.720>as <00:14:43.820>an <00:14:43.920>investor <00:14:44.020>will <00:14:44.120>move <00:14:44.220>faster, <00:14:44.320>you <00:14:44.420>know, <00:14:44.520>and

00:14:45.190 --> 00:14:45.200 align:start position:0%
<00:14:45.190>investor <00:14:45.191>will <00:14:45.193>move <00:14:45.194>faster, <00:14:45.196>you <00:14:45.197>know, <00:14:45.199>and

00:14:45.200 --> 00:14:46.910 align:start position:0%
<00:14:45.200>investor <00:14:45.300>will <00:14:45.400>move <00:14:45.500>faster, <00:14:45.600>you <00:14:45.700>know, <00:14:45.800>and <00:14:45.900>the <00:14:46.000>same <00:14:46.100>problem <00:14:46.200>we <00:14:46.300>have <00:14:46.400>with <00:14:46.500>like <00:14:46.600>stock

00:14:46.910 --> 00:14:46.920 align:start position:0%
<00:14:46.910>the <00:14:46.911>same <00:14:46.912>problem <00:14:46.913>we <00:14:46.915>have <00:14:46.916>with <00:14:46.917>like <00:14:46.919>stock

00:14:46.920 --> 00:14:48.910 align:start position:0%
<00:14:46.920>the <00:14:47.036>same <00:14:47.153>problem <00:14:47.270>we <00:14:47.386>have <00:14:47.503>with <00:14:47.620>like <00:14:47.736>stock <00:14:47.853>exchanges. <00:14:47.969>There <00:14:48.086>people <00:14:48.203>complain <00:14:48.319>there

00:14:48.910 --> 00:14:48.920 align:start position:0%
<00:14:48.910>exchanges. <00:14:48.912>There <00:14:48.914>people <00:14:48.916>complain <00:14:48.919>there

00:14:48.920 --> 00:14:50.630 align:start position:0%
<00:14:48.920>exchanges. <00:14:49.047>There <00:14:49.174>people <00:14:49.301>complain <00:14:49.429>there <00:14:49.556>is <00:14:49.683>not <00:14:49.810>enough <00:14:49.938>large <00:14:50.065>companies <00:14:50.192>with <00:14:50.319>large

00:14:50.630 --> 00:14:50.640 align:start position:0%
<00:14:50.630>is <00:14:50.631>not <00:14:50.633>enough <00:14:50.634>large <00:14:50.636>companies <00:14:50.637>with <00:14:50.639>large

00:14:50.640 --> 00:14:53.070 align:start position:0%
<00:14:50.640>is <00:14:50.756>not <00:14:50.873>enough <00:14:50.990>large <00:14:51.106>companies <00:14:51.223>with <00:14:51.340>large <00:14:51.456>market <00:14:51.573>caps. <00:14:51.689>There <00:14:51.806>isn't <00:14:51.923>a <00:14:52.040>pan-European

00:14:53.070 --> 00:14:53.080 align:start position:0%
<00:14:53.070>market <00:14:53.071>caps. <00:14:53.073>There <00:14:53.075>isn't <00:14:53.077>a <00:14:53.079>pan-European

00:14:53.080 --> 00:14:54.710 align:start position:0%
<00:14:53.080>market <00:14:53.207>caps. <00:14:53.334>There <00:14:53.461>isn't <00:14:53.589>a <00:14:53.716>pan-European <00:14:53.843>stock <00:14:53.970>exchange. <00:14:54.098>Like <00:14:54.225>there <00:14:54.352>isn't <00:14:54.480>like

00:14:54.710 --> 00:14:54.720 align:start position:0%
<00:14:54.710>stock <00:14:54.711>exchange. <00:14:54.713>Like <00:14:54.715>there <00:14:54.717>isn't <00:14:54.719>like

00:14:54.720 --> 00:14:56.230 align:start position:0%
<00:14:54.720>stock <00:14:54.833>exchange. <00:14:54.946>Like <00:14:55.059>there <00:14:55.173>isn't <00:14:55.286>like <00:14:55.399>stock <00:14:55.512>exchanges <00:14:55.626>that <00:14:55.739>are <00:14:55.852>big <00:14:55.965>enough <00:14:56.079>for

00:14:56.230 --> 00:14:56.240 align:start position:0%
<00:14:56.230>stock <00:14:56.231>exchanges <00:14:56.233>that <00:14:56.234>are <00:14:56.236>big <00:14:56.237>enough <00:14:56.239>for

00:14:56.240 --> 00:14:59.070 align:start position:0%
<00:14:56.240>stock <00:14:56.340>exchanges <00:14:56.440>that <00:14:56.540>are <00:14:56.640>big <00:14:56.740>enough <00:14:56.840>for <00:14:56.940>everybody <00:14:57.040>of <00:14:57.140>us <00:14:57.240>invest <00:14:57.340>and <00:14:57.440>buy <00:14:57.540>stock. <00:14:57.640>So

00:14:59.070 --> 00:14:59.080 align:start position:0%
<00:14:59.070>everybody <00:14:59.071>of <00:14:59.072>us <00:14:59.073>invest <00:14:59.075>and <00:14:59.076>buy <00:14:59.077>stock. <00:14:59.079>So

00:14:59.080 --> 00:15:01.430 align:start position:0%
<00:14:59.080>everybody <00:14:59.187>of <00:14:59.295>us <00:14:59.403>invest <00:14:59.510>and <00:14:59.618>buy <00:14:59.726>stock. <00:14:59.833>So <00:14:59.941>there <00:15:00.049>isn't <00:15:00.156>like <00:15:00.264>really <00:15:00.372>this <00:15:00.480>pool

00:15:01.430 --> 00:15:01.440 align:start position:0%
<00:15:01.430>there <00:15:01.431>isn't <00:15:01.433>like <00:15:01.435>really <00:15:01.437>this <00:15:01.439>pool

00:15:01.440 --> 00:15:03.030 align:start position:0%
<00:15:01.440>there <00:15:01.556>isn't <00:15:01.673>like <00:15:01.790>really <00:15:01.906>this <00:15:02.023>pool <00:15:02.140>that <00:15:02.256>makes <00:15:02.373>it <00:15:02.490>like <00:15:02.606>really <00:15:02.723>interesting <00:15:02.840>to

00:15:03.030 --> 00:15:03.040 align:start position:0%
<00:15:03.030>that <00:15:03.031>makes <00:15:03.033>it <00:15:03.034>like <00:15:03.036>really <00:15:03.037>interesting <00:15:03.039>to

00:15:03.040 --> 00:15:05.190 align:start position:0%
<00:15:03.040>that <00:15:03.156>makes <00:15:03.273>it <00:15:03.390>like <00:15:03.506>really <00:15:03.623>interesting <00:15:03.740>to <00:15:03.856>do <00:15:03.973>massive <00:15:04.089>investment <00:15:04.206>funds, <00:15:04.323>you <00:15:04.439>know,

00:15:05.190 --> 00:15:05.200 align:start position:0%
<00:15:05.190>do <00:15:05.191>massive <00:15:05.193>investment <00:15:05.195>funds, <00:15:05.197>you <00:15:05.199>know,

00:15:05.200 --> 00:15:06.590 align:start position:0%
<00:15:05.200>do <00:15:05.304>massive <00:15:05.408>investment <00:15:05.512>funds, <00:15:05.617>you <00:15:05.721>know, <00:15:05.825>and <00:15:05.929>like <00:15:06.034>all <00:15:06.138>of <00:15:06.242>that <00:15:06.346>is <00:15:06.451>fragmentation.

00:15:06.590 --> 00:15:06.600 align:start position:0%
<00:15:06.590>and <00:15:06.591>like <00:15:06.593>all <00:15:06.594>of <00:15:06.596>that <00:15:06.597>is <00:15:06.599>fragmentation.

00:15:06.600 --> 00:15:08.590 align:start position:0%
<00:15:06.600>and <00:15:06.707>like <00:15:06.815>all <00:15:06.923>of <00:15:07.030>that <00:15:07.138>is <00:15:07.246>fragmentation. <00:15:07.353>All <00:15:07.461>of <00:15:07.569>that <00:15:07.676>is <00:15:07.784>like <00:15:07.892>lacking <00:15:08.000>regulation

00:15:08.590 --> 00:15:08.600 align:start position:0%
<00:15:08.590>All <00:15:08.591>of <00:15:08.593>that <00:15:08.594>is <00:15:08.596>like <00:15:08.597>lacking <00:15:08.599>regulation

00:15:08.600 --> 00:15:10.950 align:start position:0%
<00:15:08.600>All <00:15:08.740>of <00:15:08.880>that <00:15:09.020>is <00:15:09.160>like <00:15:09.300>lacking <00:15:09.440>regulation <00:15:09.580>even <00:15:09.720>in <00:15:09.860>that <00:15:10.000>case.

00:15:10.950 --> 00:15:10.960 align:start position:0%
<00:15:10.950>even <00:15:10.953>in <00:15:10.956>that <00:15:10.959>case.

00:15:10.960 --> 00:15:12.990 align:start position:0%
<00:15:10.960>even <00:15:11.067>in <00:15:11.175>that <00:15:11.283>case. <00:15:11.390>&gt;&gt; <00:15:11.498>Yes, <00:15:11.606>and <00:15:11.713>I <00:15:11.821>think <00:15:11.929>also <00:15:12.036>a <00:15:12.144>huge <00:15:12.252>problem <00:15:12.360>in

00:15:12.990 --> 00:15:13.000 align:start position:0%
<00:15:12.990>&gt;&gt; <00:15:12.991>Yes, <00:15:12.992>and <00:15:12.993>I <00:15:12.994>think <00:15:12.995>also <00:15:12.996>a <00:15:12.997>huge <00:15:12.998>problem <00:15:12.999>in

00:15:13.000 --> 00:15:14.590 align:start position:0%
<00:15:13.000>&gt;&gt; <00:15:13.082>Yes, <00:15:13.164>and <00:15:13.247>I <00:15:13.329>think <00:15:13.411>also <00:15:13.494>a <00:15:13.576>huge <00:15:13.658>problem <00:15:13.741>in <00:15:13.823>in <00:15:13.905>Europe <00:15:13.988>that <00:15:14.070>we <00:15:14.152>are <00:15:14.235>facing <00:15:14.317>for <00:15:14.400>example

00:15:14.590 --> 00:15:14.600 align:start position:0%
<00:15:14.590>in <00:15:14.591>Europe <00:15:14.592>that <00:15:14.593>we <00:15:14.595>are <00:15:14.596>facing <00:15:14.597>for <00:15:14.599>example

00:15:14.600 --> 00:15:16.070 align:start position:0%
<00:15:14.600>in <00:15:14.701>Europe <00:15:14.803>that <00:15:14.905>we <00:15:15.007>are <00:15:15.108>facing <00:15:15.210>for <00:15:15.312>example <00:15:15.414>is <00:15:15.515>employment. <00:15:15.617>You <00:15:15.719>said <00:15:15.821>you <00:15:15.923>employ

00:15:16.070 --> 00:15:16.080 align:start position:0%
<00:15:16.070>is <00:15:16.071>employment. <00:15:16.073>You <00:15:16.075>said <00:15:16.077>you <00:15:16.079>employ

00:15:16.080 --> 00:15:17.550 align:start position:0%
<00:15:16.080>is <00:15:16.190>employment. <00:15:16.300>You <00:15:16.410>said <00:15:16.521>you <00:15:16.631>employ <00:15:16.741>people <00:15:16.851>around <00:15:16.962>the <00:15:17.072>world <00:15:17.182>and <00:15:17.292>we <00:15:17.403>have

00:15:17.550 --> 00:15:17.560 align:start position:0%
<00:15:17.550>people <00:15:17.551>around <00:15:17.553>the <00:15:17.554>world <00:15:17.555>and <00:15:17.557>we <00:15:17.559>have

00:15:17.560 --> 00:15:19.150 align:start position:0%
<00:15:17.560>people <00:15:17.676>around <00:15:17.793>the <00:15:17.910>world <00:15:18.026>and <00:15:18.143>we <00:15:18.260>have <00:15:18.376>talked <00:15:18.493>about <00:15:18.609>that <00:15:18.726>in <00:15:18.843>our <00:15:18.959>preparation

00:15:19.150 --> 00:15:19.160 align:start position:0%
<00:15:19.150>talked <00:15:19.151>about <00:15:19.153>that <00:15:19.155>in <00:15:19.157>our <00:15:19.159>preparation

00:15:19.160 --> 00:15:21.430 align:start position:0%
<00:15:19.160>talked <00:15:19.260>about <00:15:19.360>that <00:15:19.459>in <00:15:19.560>our <00:15:19.660>preparation <00:15:19.760>talk <00:15:19.860>and <00:15:19.959>you <00:15:20.060>also <00:15:20.160>said <00:15:20.260>okay, <00:15:20.360>you <00:15:20.459>do <00:15:20.560>it

00:15:21.430 --> 00:15:21.440 align:start position:0%
<00:15:21.430>talk <00:15:21.431>and <00:15:21.432>you <00:15:21.433>also <00:15:21.434>said <00:15:21.435>okay, <00:15:21.436>you <00:15:21.437>do <00:15:21.439>it

00:15:21.440 --> 00:15:22.790 align:start position:0%
<00:15:21.440>talk <00:15:21.526>and <00:15:21.613>you <00:15:21.700>also <00:15:21.787>said <00:15:21.873>okay, <00:15:21.960>you <00:15:22.047>do <00:15:22.134>it <00:15:22.221>for <00:15:22.307>an <00:15:22.394>employer <00:15:22.481>of <00:15:22.568>record." <00:15:22.655>So,

00:15:22.790 --> 00:15:22.800 align:start position:0%
<00:15:22.790>for <00:15:22.791>an <00:15:22.793>employer <00:15:22.795>of <00:15:22.797>record." <00:15:22.799>So,

00:15:22.800 --> 00:15:24.950 align:start position:0%
<00:15:22.800>for <00:15:22.939>an <00:15:23.079>employer <00:15:23.219>of <00:15:23.359>record." <00:15:23.500>So, <00:15:23.640>basically, <00:15:23.780>you're <00:15:23.920>paying <00:15:24.060>eventually <00:15:24.199>to

00:15:24.950 --> 00:15:24.960 align:start position:0%
<00:15:24.950>basically, <00:15:24.952>you're <00:15:24.954>paying <00:15:24.956>eventually <00:15:24.959>to

00:15:24.960 --> 00:15:26.030 align:start position:0%
<00:15:24.960>basically, <00:15:25.152>you're <00:15:25.345>paying <00:15:25.537>eventually <00:15:25.730>to <00:15:25.923>avoid

00:15:26.030 --> 00:15:26.040 align:start position:0%
avoid

00:15:26.040 --> 00:15:28.070 align:start position:0%
<00:15:26.040>avoid <00:15:26.214>um <00:15:26.390>that <00:15:26.564>problem. <00:15:26.740>And <00:15:26.915>I <00:15:27.089>think <00:15:27.265>even <00:15:27.439>with

00:15:28.070 --> 00:15:28.080 align:start position:0%
<00:15:28.070>um <00:15:28.071>that <00:15:28.072>problem. <00:15:28.073>And <00:15:28.075>I <00:15:28.076>think <00:15:28.077>even <00:15:28.079>with

00:15:28.080 --> 00:15:29.790 align:start position:0%
<00:15:28.080>um <00:15:28.180>that <00:15:28.280>problem. <00:15:28.380>And <00:15:28.480>I <00:15:28.580>think <00:15:28.680>even <00:15:28.780>with <00:15:28.880>employer <00:15:28.980>of <00:15:29.080>record, <00:15:29.180>it's <00:15:29.280>very <00:15:29.380>hard. <00:15:29.480>So,

00:15:29.790 --> 00:15:29.800 align:start position:0%
<00:15:29.790>employer <00:15:29.791>of <00:15:29.793>record, <00:15:29.794>it's <00:15:29.795>very <00:15:29.797>hard. <00:15:29.799>So,

00:15:29.800 --> 00:15:31.110 align:start position:0%
<00:15:29.800>employer <00:15:29.898>of <00:15:29.996>record, <00:15:30.094>it's <00:15:30.193>very <00:15:30.291>hard. <00:15:30.389>So, <00:15:30.487>right <00:15:30.586>now, <00:15:30.684>we're <00:15:30.782>trying <00:15:30.880>to <00:15:30.979>employ

00:15:31.110 --> 00:15:31.120 align:start position:0%
<00:15:31.110>right <00:15:31.111>now, <00:15:31.113>we're <00:15:31.115>trying <00:15:31.117>to <00:15:31.119>employ

00:15:31.120 --> 00:15:32.830 align:start position:0%
<00:15:31.120>right <00:15:31.260>now, <00:15:31.400>we're <00:15:31.540>trying <00:15:31.680>to <00:15:31.820>employ <00:15:31.960>someone <00:15:32.100>with <00:15:32.240>Portuguese <00:15:32.380>passport <00:15:32.520>in

00:15:32.830 --> 00:15:32.840 align:start position:0%
<00:15:32.830>someone <00:15:32.832>with <00:15:32.834>Portuguese <00:15:32.836>passport <00:15:32.839>in

00:15:32.840 --> 00:15:35.830 align:start position:0%
<00:15:32.840>someone <00:15:32.956>with <00:15:33.073>Portuguese <00:15:33.190>passport <00:15:33.306>in <00:15:33.423>Spain. <00:15:33.540>And <00:15:33.656>it <00:15:33.773>takes <00:15:33.890>us <00:15:34.006>for <00:15:34.123>8 <00:15:34.240>months

00:15:35.830 --> 00:15:35.840 align:start position:0%
<00:15:35.830>Spain. <00:15:35.831>And <00:15:35.832>it <00:15:35.833>takes <00:15:35.835>us <00:15:35.836>for <00:15:35.837>8 <00:15:35.839>months

00:15:35.840 --> 00:15:37.230 align:start position:0%
<00:15:35.840>Spain. <00:15:35.936>And <00:15:36.032>it <00:15:36.128>takes <00:15:36.224>us <00:15:36.321>for <00:15:36.417>8 <00:15:36.513>months <00:15:36.609>already <00:15:36.706>to <00:15:36.802>just <00:15:36.898>get <00:15:36.994>their <00:15:37.091>social

00:15:37.230 --> 00:15:37.240 align:start position:0%
<00:15:37.230>already <00:15:37.231>to <00:15:37.233>just <00:15:37.235>get <00:15:37.237>their <00:15:37.239>social

00:15:37.240 --> 00:15:38.750 align:start position:0%
<00:15:37.240>already <00:15:37.363>to <00:15:37.487>just <00:15:37.610>get <00:15:37.734>their <00:15:37.857>social <00:15:37.981>security <00:15:38.104>number <00:15:38.228>there, <00:15:38.351>and <00:15:38.475>that's <00:15:38.599>not

00:15:38.750 --> 00:15:38.760 align:start position:0%
<00:15:38.750>security <00:15:38.751>number <00:15:38.753>there, <00:15:38.755>and <00:15:38.757>that's <00:15:38.759>not

00:15:38.760 --> 00:15:41.190 align:start position:0%
<00:15:38.760>security <00:15:38.876>number <00:15:38.993>there, <00:15:39.110>and <00:15:39.226>that's <00:15:39.343>not <00:15:39.460>even <00:15:39.576>an <00:15:39.693>issue <00:15:39.810>like <00:15:39.926>the <00:15:40.043>employer <00:15:40.160>of

00:15:41.190 --> 00:15:41.200 align:start position:0%
<00:15:41.190>even <00:15:41.191>an <00:15:41.193>issue <00:15:41.194>like <00:15:41.196>the <00:15:41.197>employer <00:15:41.199>of

00:15:41.200 --> 00:15:43.670 align:start position:0%
<00:15:41.200>even <00:15:41.307>an <00:15:41.415>issue <00:15:41.523>like <00:15:41.630>the <00:15:41.738>employer <00:15:41.846>of <00:15:41.953>record <00:15:42.061>could <00:15:42.169>um <00:15:42.276>solve. <00:15:42.384>And <00:15:42.492>a <00:15:42.600>second

00:15:43.670 --> 00:15:43.680 align:start position:0%
<00:15:43.670>record <00:15:43.671>could <00:15:43.673>um <00:15:43.674>solve. <00:15:43.675>And <00:15:43.677>a <00:15:43.679>second

00:15:43.680 --> 00:15:44.950 align:start position:0%
<00:15:43.680>record <00:15:43.775>could <00:15:43.870>um <00:15:43.965>solve. <00:15:44.060>And <00:15:44.156>a <00:15:44.251>second <00:15:44.346>thing <00:15:44.442>on <00:15:44.537>fragmentation, <00:15:44.632>I <00:15:44.727>think, <00:15:44.823>is

00:15:44.950 --> 00:15:44.960 align:start position:0%
<00:15:44.950>thing <00:15:44.951>on <00:15:44.953>fragmentation, <00:15:44.955>I <00:15:44.957>think, <00:15:44.959>is

00:15:44.960 --> 00:15:47.990 align:start position:0%
<00:15:44.960>thing <00:15:45.087>on <00:15:45.214>fragmentation, <00:15:45.341>I <00:15:45.469>think, <00:15:45.596>is <00:15:45.723>enforcement <00:15:45.850>of <00:15:45.978>European <00:15:46.105>um <00:15:46.232>laws <00:15:46.360>in

00:15:47.990 --> 00:15:48.000 align:start position:0%
<00:15:47.990>enforcement <00:15:47.991>of <00:15:47.993>European <00:15:47.995>um <00:15:47.997>laws <00:15:47.999>in

00:15:48.000 --> 00:15:49.790 align:start position:0%
<00:15:48.000>enforcement <00:15:48.155>of <00:15:48.311>European <00:15:48.466>um <00:15:48.622>laws <00:15:48.777>in <00:15:48.933>different <00:15:49.088>jurisdictions <00:15:49.244>that <00:15:49.400>they're

00:15:49.790 --> 00:15:49.800 align:start position:0%
<00:15:49.790>different <00:15:49.793>jurisdictions <00:15:49.795>that <00:15:49.799>they're

00:15:49.800 --> 00:15:52.070 align:start position:0%
<00:15:49.800>different <00:15:50.000>jurisdictions <00:15:50.199>that <00:15:50.400>they're <00:15:50.599>differently <00:15:50.800>enforced <00:15:51.000>in <00:15:51.199>different

00:15:52.070 --> 00:15:52.080 align:start position:0%
<00:15:52.070>differently <00:15:52.073>enforced <00:15:52.076>in <00:15:52.079>different

00:15:52.080 --> 00:15:53.430 align:start position:0%
<00:15:52.080>differently <00:15:52.215>enforced <00:15:52.350>in <00:15:52.485>different <00:15:52.620>countries. <00:15:52.755>So, <00:15:52.890>it's <00:15:53.025>a <00:15:53.160>whole <00:15:53.295>different

00:15:53.430 --> 00:15:53.440 align:start position:0%
<00:15:53.430>countries. <00:15:53.431>So, <00:15:53.433>it's <00:15:53.435>a <00:15:53.437>whole <00:15:53.439>different

00:15:53.440 --> 00:15:54.990 align:start position:0%
<00:15:53.440>countries. <00:15:53.556>So, <00:15:53.672>it's <00:15:53.788>a <00:15:53.905>whole <00:15:54.021>different <00:15:54.137>thing <00:15:54.253>how <00:15:54.370>strictly <00:15:54.486>you <00:15:54.602>have <00:15:54.718>to <00:15:54.835>comply

00:15:54.990 --> 00:15:55.000 align:start position:0%
<00:15:54.990>thing <00:15:54.991>how <00:15:54.993>strictly <00:15:54.994>you <00:15:54.996>have <00:15:54.997>to <00:15:54.999>comply

00:15:55.000 --> 00:15:57.710 align:start position:0%
<00:15:55.000>thing <00:15:55.107>how <00:15:55.215>strictly <00:15:55.323>you <00:15:55.430>have <00:15:55.538>to <00:15:55.646>comply <00:15:55.753>with <00:15:55.861>GDPR <00:15:55.969>in <00:15:56.076>Austria <00:15:56.184>compared <00:15:56.292>to <00:15:56.400>Germany

00:15:57.710 --> 00:15:57.720 align:start position:0%
<00:15:57.710>with <00:15:57.711>GDPR <00:15:57.713>in <00:15:57.714>Austria <00:15:57.716>compared <00:15:57.717>to <00:15:57.719>Germany

00:15:57.720 --> 00:15:59.990 align:start position:0%
<00:15:57.720>with <00:15:57.860>GDPR <00:15:58.000>in <00:15:58.140>Austria <00:15:58.280>compared <00:15:58.420>to <00:15:58.560>Germany <00:15:58.700>because <00:15:58.840>the <00:15:58.980>Austrian <00:15:59.120>authorities

00:15:59.990 --> 00:16:00.000 align:start position:0%
<00:15:59.990>because <00:15:59.993>the <00:15:59.996>Austrian <00:15:59.999>authorities

00:16:00.000 --> 00:16:02.150 align:start position:0%
<00:16:00.000>because <00:16:00.127>the <00:16:00.254>Austrian <00:16:00.381>authorities <00:16:00.509>um <00:16:00.636>are <00:16:00.763>just <00:16:00.890>not <00:16:01.018>as <00:16:01.145>strict, <00:16:01.272>for <00:16:01.400>example,

00:16:02.150 --> 00:16:02.160 align:start position:0%
<00:16:02.150>um <00:16:02.151>are <00:16:02.152>just <00:16:02.153>not <00:16:02.155>as <00:16:02.156>strict, <00:16:02.157>for <00:16:02.159>example,

00:16:02.160 --> 00:16:06.230 align:start position:0%
<00:16:02.160>um <00:16:02.247>are <00:16:02.334>just <00:16:02.422>not <00:16:02.510>as <00:16:02.597>strict, <00:16:02.685>for <00:16:02.772>example, <00:16:02.860>as <00:16:02.947>the <00:16:03.035>as <00:16:03.122>the <00:16:03.209>German <00:16:03.297>ones. <00:16:03.385>And <00:16:03.472>um <00:16:03.560>yeah,

00:16:06.230 --> 00:16:06.240 align:start position:0%
<00:16:06.230>as <00:16:06.231>the <00:16:06.232>as <00:16:06.233>the <00:16:06.234>German <00:16:06.235>ones. <00:16:06.236>And <00:16:06.237>um <00:16:06.239>yeah,

00:16:06.240 --> 00:16:08.230 align:start position:0%
<00:16:06.240>as <00:16:06.333>the <00:16:06.426>as <00:16:06.520>the <00:16:06.613>German <00:16:06.706>ones. <00:16:06.800>And <00:16:06.893>um <00:16:06.986>yeah, <00:16:07.080>like <00:16:07.173>with <00:16:07.266>the <00:16:07.360>project <00:16:07.453>like <00:16:07.546>Andreas <00:16:07.640>is

00:16:08.230 --> 00:16:08.240 align:start position:0%
<00:16:08.230>like <00:16:08.231>with <00:16:08.233>the <00:16:08.234>project <00:16:08.236>like <00:16:08.237>Andreas <00:16:08.239>is

00:16:08.240 --> 00:16:10.430 align:start position:0%
<00:16:08.240>like <00:16:08.340>with <00:16:08.440>the <00:16:08.540>project <00:16:08.640>like <00:16:08.740>Andreas <00:16:08.840>is <00:16:08.940>doing <00:16:09.040>now <00:16:09.140>with <00:16:09.240>EU <00:16:09.340>Inc, <00:16:09.440>I <00:16:09.540>think <00:16:09.640>like

00:16:10.430 --> 00:16:10.440 align:start position:0%
<00:16:10.430>doing <00:16:10.431>now <00:16:10.432>with <00:16:10.433>EU <00:16:10.435>Inc, <00:16:10.436>I <00:16:10.437>think <00:16:10.439>like

00:16:10.440 --> 00:16:11.910 align:start position:0%
<00:16:10.440>doing <00:16:10.534>now <00:16:10.629>with <00:16:10.723>EU <00:16:10.818>Inc, <00:16:10.912>I <00:16:11.007>think <00:16:11.101>like <00:16:11.196>there's <00:16:11.290>now <00:16:11.385>a <00:16:11.479>proposal <00:16:11.574>that <00:16:11.668>there <00:16:11.762>will

00:16:11.910 --> 00:16:11.920 align:start position:0%
<00:16:11.910>there's <00:16:11.911>now <00:16:11.913>a <00:16:11.914>proposal <00:16:11.915>that <00:16:11.917>there <00:16:11.919>will

00:16:11.920 --> 00:16:14.990 align:start position:0%
<00:16:11.920>there's <00:16:12.060>now <00:16:12.199>a <00:16:12.339>proposal <00:16:12.479>that <00:16:12.620>there <00:16:12.760>will <00:16:12.900>be <00:16:13.040>27 <00:16:13.180>different <00:16:13.319>registers

00:16:14.990 --> 00:16:15.000 align:start position:0%
<00:16:14.990>be <00:16:14.993>27 <00:16:14.996>different <00:16:14.999>registers

00:16:15.000 --> 00:16:17.270 align:start position:0%
<00:16:15.000>be <00:16:15.107>27 <00:16:15.215>different <00:16:15.323>registers <00:16:15.430>um <00:16:15.538>ruling <00:16:15.646>on <00:16:15.753>the <00:16:15.861>on <00:16:15.969>the <00:16:16.076>on <00:16:16.184>the <00:16:16.292>on <00:16:16.400>the

00:16:17.270 --> 00:16:17.280 align:start position:0%
<00:16:17.270>um <00:16:17.271>ruling <00:16:17.271>on <00:16:17.273>the <00:16:17.274>on <00:16:17.275>the <00:16:17.276>on <00:16:17.276>the <00:16:17.278>on <00:16:17.279>the

00:16:17.280 --> 00:16:19.190 align:start position:0%
<00:16:17.280>um <00:16:17.357>ruling <00:16:17.435>on <00:16:17.513>the <00:16:17.591>on <00:16:17.668>the <00:16:17.746>on <00:16:17.824>the <00:16:17.902>on <00:16:17.980>the <00:16:18.057>rules <00:16:18.135>of <00:16:18.213>EU <00:16:18.291>Inc. <00:16:18.368>And <00:16:18.446>I <00:16:18.524>think <00:16:18.602>that's <00:16:18.680>a

00:16:19.190 --> 00:16:19.200 align:start position:0%
<00:16:19.190>rules <00:16:19.191>of <00:16:19.192>EU <00:16:19.193>Inc. <00:16:19.194>And <00:16:19.195>I <00:16:19.196>think <00:16:19.197>that's <00:16:19.199>a

00:16:19.200 --> 00:16:20.910 align:start position:0%
<00:16:19.200>rules <00:16:19.300>of <00:16:19.400>EU <00:16:19.500>Inc. <00:16:19.600>And <00:16:19.700>I <00:16:19.800>think <00:16:19.900>that's <00:16:20.000>a <00:16:20.100>complete <00:16:20.200>disaster <00:16:20.300>because <00:16:20.400>then <00:16:20.500>you <00:16:20.600>have

00:16:20.910 --> 00:16:20.920 align:start position:0%
<00:16:20.910>complete <00:16:20.911>disaster <00:16:20.913>because <00:16:20.915>then <00:16:20.917>you <00:16:20.919>have

00:16:20.920 --> 00:16:23.430 align:start position:0%
<00:16:20.920>complete <00:16:21.027>disaster <00:16:21.135>because <00:16:21.243>then <00:16:21.350>you <00:16:21.458>have <00:16:21.566>not <00:16:21.673>like <00:16:21.781>one <00:16:21.889>set <00:16:21.996>of <00:16:22.104>rules, <00:16:22.212>but <00:16:22.319>27

00:16:23.430 --> 00:16:23.440 align:start position:0%
<00:16:23.430>not <00:16:23.431>like <00:16:23.432>one <00:16:23.433>set <00:16:23.435>of <00:16:23.436>rules, <00:16:23.437>but <00:16:23.439>27

00:16:23.440 --> 00:16:26.110 align:start position:0%
<00:16:23.440>not <00:16:23.540>like <00:16:23.640>one <00:16:23.740>set <00:16:23.840>of <00:16:23.940>rules, <00:16:24.040>but <00:16:24.140>27 <00:16:24.240>different <00:16:24.340>ones, <00:16:24.440>and <00:16:24.540>they <00:16:24.640>will <00:16:24.740>be <00:16:24.840>totally

00:16:26.110 --> 00:16:26.120 align:start position:0%
<00:16:26.110>different <00:16:26.111>ones, <00:16:26.113>and <00:16:26.114>they <00:16:26.116>will <00:16:26.117>be <00:16:26.119>totally

00:16:26.120 --> 00:16:28.710 align:start position:0%
<00:16:26.120>different <00:16:26.247>ones, <00:16:26.374>and <00:16:26.501>they <00:16:26.629>will <00:16:26.756>be <00:16:26.883>totally <00:16:27.010>differently <00:16:27.138>enforced <00:16:27.265>in <00:16:27.392>different <00:16:27.520>um

00:16:28.710 --> 00:16:28.720 align:start position:0%
<00:16:28.710>differently <00:16:28.712>enforced <00:16:28.714>in <00:16:28.716>different <00:16:28.719>um

00:16:28.720 --> 00:16:29.710 align:start position:0%
<00:16:28.720>differently <00:16:28.868>enforced <00:16:29.017>in <00:16:29.165>different <00:16:29.314>um <00:16:29.462>member <00:16:29.611>states.

00:16:29.710 --> 00:16:29.720 align:start position:0%
<00:16:29.710>member <00:16:29.719>states.

00:16:29.720 --> 00:16:32.350 align:start position:0%
<00:16:29.720>member <00:16:29.895>states. <00:16:30.070>&gt;&gt; <00:16:30.245>My <00:16:30.420>my <00:16:30.595>favorite <00:16:30.770>memory <00:16:30.945>was <00:16:31.120>in

00:16:32.350 --> 00:16:32.360 align:start position:0%
<00:16:32.350>&gt;&gt; <00:16:32.351>My <00:16:32.353>my <00:16:32.354>favorite <00:16:32.356>memory <00:16:32.357>was <00:16:32.359>in

00:16:32.360 --> 00:16:34.270 align:start position:0%
<00:16:32.360>&gt;&gt; <00:16:32.460>My <00:16:32.560>my <00:16:32.660>favorite <00:16:32.760>memory <00:16:32.860>was <00:16:32.960>in <00:16:33.060>So, <00:16:33.160>so, <00:16:33.260>in <00:16:33.360>in <00:16:33.460>Germany, <00:16:33.560>there's <00:16:33.660>a <00:16:33.760>term

00:16:34.270 --> 00:16:34.280 align:start position:0%
<00:16:34.270>So, <00:16:34.271>so, <00:16:34.272>in <00:16:34.273>in <00:16:34.275>Germany, <00:16:34.276>there's <00:16:34.277>a <00:16:34.279>term

00:16:34.280 --> 00:16:35.790 align:start position:0%
<00:16:34.280>So, <00:16:34.384>so, <00:16:34.489>in <00:16:34.593>in <00:16:34.698>Germany, <00:16:34.802>there's <00:16:34.907>a <00:16:35.011>term <00:16:35.116>for <00:16:35.220>somebody <00:16:35.325>who <00:16:35.429>leaves <00:16:35.534>your <00:16:35.639>country.

00:16:35.790 --> 00:16:35.800 align:start position:0%
<00:16:35.790>for <00:16:35.791>somebody <00:16:35.793>who <00:16:35.795>leaves <00:16:35.797>your <00:16:35.799>country.

00:16:35.800 --> 00:16:37.910 align:start position:0%
<00:16:35.800>for <00:16:35.927>somebody <00:16:36.054>who <00:16:36.181>leaves <00:16:36.309>your <00:16:36.436>country. <00:16:36.563>It's <00:16:36.690>called <00:16:36.818>uh <00:16:36.945>Auswanderer. <00:16:37.072>Like, <00:16:37.199>it's

00:16:37.910 --> 00:16:37.920 align:start position:0%
<00:16:37.910>It's <00:16:37.911>called <00:16:37.913>uh <00:16:37.915>Auswanderer. <00:16:37.917>Like, <00:16:37.919>it's

00:16:37.920 --> 00:16:39.710 align:start position:0%
<00:16:37.920>It's <00:16:38.036>called <00:16:38.153>uh <00:16:38.270>Auswanderer. <00:16:38.386>Like, <00:16:38.503>it's <00:16:38.620>somebody <00:16:38.736>who <00:16:38.853>wanders <00:16:38.969>away. <00:16:39.086>And <00:16:39.203>when <00:16:39.319>I

00:16:39.710 --> 00:16:39.720 align:start position:0%
<00:16:39.710>somebody <00:16:39.711>who <00:16:39.713>wanders <00:16:39.714>away. <00:16:39.716>And <00:16:39.717>when <00:16:39.719>I

00:16:39.720 --> 00:16:42.350 align:start position:0%
<00:16:39.720>somebody <00:16:39.807>who <00:16:39.895>wanders <00:16:39.982>away. <00:16:40.070>And <00:16:40.157>when <00:16:40.245>I <00:16:40.332>moved <00:16:40.420>from <00:16:40.507>uh <00:16:40.595>uh <00:16:40.682>Austria <00:16:40.770>to <00:16:40.857>UK, <00:16:40.945>I <00:16:41.032>was <00:16:41.120>an

00:16:42.350 --> 00:16:42.360 align:start position:0%
<00:16:42.350>moved <00:16:42.351>from <00:16:42.352>uh <00:16:42.353>uh <00:16:42.354>Austria <00:16:42.355>to <00:16:42.356>UK, <00:16:42.357>I <00:16:42.358>was <00:16:42.359>an

00:16:42.360 --> 00:16:45.310 align:start position:0%
<00:16:42.360>moved <00:16:42.447>from <00:16:42.535>uh <00:16:42.622>uh <00:16:42.710>Austria <00:16:42.797>to <00:16:42.885>UK, <00:16:42.972>I <00:16:43.060>was <00:16:43.147>an <00:16:43.235>Auswanderer. <00:16:43.322>And <00:16:43.410>in <00:16:43.497>the <00:16:43.585>States, <00:16:43.672>uh <00:16:43.760>I

00:16:45.310 --> 00:16:45.320 align:start position:0%
<00:16:45.310>Auswanderer. <00:16:45.311>And <00:16:45.313>in <00:16:45.314>the <00:16:45.316>States, <00:16:45.317>uh <00:16:45.319>I

00:16:45.320 --> 00:16:47.470 align:start position:0%
<00:16:45.320>Auswanderer. <00:16:45.427>And <00:16:45.535>in <00:16:45.643>the <00:16:45.750>States, <00:16:45.858>uh <00:16:45.966>I <00:16:46.073>regularly <00:16:46.181>hired <00:16:46.289>uh <00:16:46.396>in <00:16:46.504>the <00:16:46.612>West <00:16:46.720>Coast

00:16:47.470 --> 00:16:47.480 align:start position:0%
<00:16:47.470>regularly <00:16:47.471>hired <00:16:47.473>uh <00:16:47.474>in <00:16:47.476>the <00:16:47.477>West <00:16:47.479>Coast

00:16:47.480 --> 00:16:49.390 align:start position:0%
<00:16:47.480>regularly <00:16:47.607>hired <00:16:47.734>uh <00:16:47.861>in <00:16:47.989>the <00:16:48.116>West <00:16:48.243>Coast <00:16:48.370>people <00:16:48.498>from <00:16:48.625>the <00:16:48.752>East <00:16:48.880>Coast,

00:16:49.390 --> 00:16:49.400 align:start position:0%
<00:16:49.390>people <00:16:49.392>from <00:16:49.394>the <00:16:49.396>East <00:16:49.399>Coast,

00:16:49.400 --> 00:16:50.510 align:start position:0%
<00:16:49.400>people <00:16:49.490>from <00:16:49.581>the <00:16:49.672>East <00:16:49.763>Coast, <00:16:49.854>which <00:16:49.944>is <00:16:50.035>a <00:16:50.126>multiple <00:16:50.217>times <00:16:50.308>of <00:16:50.399>the

00:16:50.510 --> 00:16:50.520 align:start position:0%
<00:16:50.510>which <00:16:50.511>is <00:16:50.513>a <00:16:50.514>multiple <00:16:50.516>times <00:16:50.517>of <00:16:50.519>the

00:16:50.520 --> 00:16:52.470 align:start position:0%
<00:16:50.520>which <00:16:50.620>is <00:16:50.720>a <00:16:50.819>multiple <00:16:50.920>times <00:16:51.020>of <00:16:51.120>the <00:16:51.220>distance. <00:16:51.319>Do <00:16:51.420>you <00:16:51.520>know <00:16:51.620>how <00:16:51.720>people <00:16:51.819>call <00:16:51.920>uh

00:16:52.470 --> 00:16:52.480 align:start position:0%
<00:16:52.470>distance. <00:16:52.471>Do <00:16:52.472>you <00:16:52.473>know <00:16:52.475>how <00:16:52.476>people <00:16:52.477>call <00:16:52.479>uh

00:16:52.480 --> 00:16:54.430 align:start position:0%
<00:16:52.480>distance. <00:16:52.580>Do <00:16:52.680>you <00:16:52.780>know <00:16:52.880>how <00:16:52.980>people <00:16:53.080>call <00:16:53.180>uh <00:16:53.280>Americans <00:16:53.380>call <00:16:53.480>people <00:16:53.580>who <00:16:53.680>move <00:16:53.780>from <00:16:53.880>the

00:16:54.430 --> 00:16:54.440 align:start position:0%
<00:16:54.430>Americans <00:16:54.431>call <00:16:54.433>people <00:16:54.434>who <00:16:54.436>move <00:16:54.437>from <00:16:54.439>the

00:16:54.440 --> 00:16:56.190 align:start position:0%
<00:16:54.440>Americans <00:16:54.533>call <00:16:54.626>people <00:16:54.720>who <00:16:54.813>move <00:16:54.906>from <00:16:55.000>the <00:16:55.093>East <00:16:55.186>Coast <00:16:55.280>to <00:16:55.373>the <00:16:55.466>West <00:16:55.560>Coast <00:16:55.653>for <00:16:55.746>like <00:16:55.840>a

00:16:56.190 --> 00:16:56.200 align:start position:0%
<00:16:56.190>East <00:16:56.191>Coast <00:16:56.192>to <00:16:56.193>the <00:16:56.194>West <00:16:56.195>Coast <00:16:56.196>for <00:16:56.197>like <00:16:56.199>a

00:16:56.200 --> 00:16:57.829 align:start position:0%
<00:16:56.200>East <00:16:56.340>Coast <00:16:56.480>to <00:16:56.620>the <00:16:56.760>West <00:16:56.900>Coast <00:16:57.040>for <00:16:57.180>like <00:16:57.320>a <00:16:57.460>new <00:16:57.600>job?

00:16:57.829 --> 00:16:57.839 align:start position:0%
<00:16:57.829>new <00:16:57.838>job?

00:16:57.839 --> 00:16:59.910 align:start position:0%
<00:16:57.839>new <00:16:58.013>job? <00:16:58.189>There <00:16:58.363>is <00:16:58.539>not <00:16:58.714>a <00:16:58.888>term <00:16:59.064>for <00:16:59.238>that.

00:16:59.910 --> 00:16:59.920 align:start position:0%
<00:16:59.910>There <00:16:59.911>is <00:16:59.913>not <00:16:59.914>a <00:16:59.915>term <00:16:59.917>for <00:16:59.919>that.

00:16:59.920 --> 00:17:01.190 align:start position:0%
<00:16:59.920>There <00:17:00.015>is <00:17:00.110>not <00:17:00.205>a <00:17:00.300>term <00:17:00.396>for <00:17:00.491>that. <00:17:00.586>You <00:17:00.682>know, <00:17:00.777>because <00:17:00.872>it's <00:17:00.967>completely <00:17:01.063>normal

00:17:01.190 --> 00:17:01.200 align:start position:0%
<00:17:01.190>You <00:17:01.191>know, <00:17:01.193>because <00:17:01.195>it's <00:17:01.197>completely <00:17:01.199>normal

00:17:01.200 --> 00:17:03.230 align:start position:0%
<00:17:01.200>You <00:17:01.327>know, <00:17:01.454>because <00:17:01.581>it's <00:17:01.709>completely <00:17:01.836>normal <00:17:01.963>because <00:17:02.090>that's <00:17:02.218>like <00:17:02.345>one <00:17:02.472>unified <00:17:02.600>market,

00:17:03.230 --> 00:17:03.240 align:start position:0%
<00:17:03.230>because <00:17:03.231>that's <00:17:03.233>like <00:17:03.235>one <00:17:03.237>unified <00:17:03.239>market,

00:17:03.240 --> 00:17:05.710 align:start position:0%
<00:17:03.240>because <00:17:03.347>that's <00:17:03.455>like <00:17:03.563>one <00:17:03.670>unified <00:17:03.778>market, <00:17:03.886>and <00:17:03.993>like <00:17:04.101>you <00:17:04.209>can <00:17:04.316>use <00:17:04.424>the <00:17:04.532>whole <00:17:04.640>scale.

00:17:05.710 --> 00:17:05.720 align:start position:0%
<00:17:05.710>and <00:17:05.711>like <00:17:05.712>you <00:17:05.713>can <00:17:05.715>use <00:17:05.716>the <00:17:05.717>whole <00:17:05.719>scale.

00:17:05.720 --> 00:17:07.510 align:start position:0%
<00:17:05.720>and <00:17:05.807>like <00:17:05.895>you <00:17:05.982>can <00:17:06.069>use <00:17:06.157>the <00:17:06.245>whole <00:17:06.332>scale. <00:17:06.420>&gt;&gt; <00:17:06.507>All <00:17:06.595>right. <00:17:06.682>So, <00:17:06.770>we <00:17:06.857>talked <00:17:06.944>about <00:17:07.032>a <00:17:07.120>lot

00:17:07.510 --> 00:17:07.520 align:start position:0%
<00:17:07.510>&gt;&gt; <00:17:07.511>All <00:17:07.512>right. <00:17:07.513>So, <00:17:07.514>we <00:17:07.515>talked <00:17:07.516>about <00:17:07.517>a <00:17:07.519>lot

00:17:07.520 --> 00:17:10.150 align:start position:0%
<00:17:07.520>&gt;&gt; <00:17:07.613>All <00:17:07.706>right. <00:17:07.800>So, <00:17:07.893>we <00:17:07.986>talked <00:17:08.079>about <00:17:08.173>a <00:17:08.266>lot <00:17:08.359>about <00:17:08.453>uh <00:17:08.546>why <00:17:08.639>regulation <00:17:08.733>hurts, <00:17:08.826>kind <00:17:08.920>of.

00:17:10.150 --> 00:17:10.160 align:start position:0%
<00:17:10.150>about <00:17:10.151>uh <00:17:10.153>why <00:17:10.154>regulation <00:17:10.156>hurts, <00:17:10.157>kind <00:17:10.159>of.

00:17:10.160 --> 00:17:11.750 align:start position:0%
<00:17:10.160>about <00:17:10.253>uh <00:17:10.346>why <00:17:10.440>regulation <00:17:10.533>hurts, <00:17:10.626>kind <00:17:10.720>of. <00:17:10.813>If <00:17:10.906>you <00:17:11.000>guys <00:17:11.093>have <00:17:11.186>a <00:17:11.280>question, <00:17:11.373>you <00:17:11.466>can <00:17:11.560>use

00:17:11.750 --> 00:17:11.760 align:start position:0%
<00:17:11.750>If <00:17:11.751>you <00:17:11.752>guys <00:17:11.753>have <00:17:11.754>a <00:17:11.755>question, <00:17:11.756>you <00:17:11.757>can <00:17:11.759>use

00:17:11.760 --> 00:17:13.750 align:start position:0%
<00:17:11.760>If <00:17:11.837>you <00:17:11.915>guys <00:17:11.993>have <00:17:12.071>a <00:17:12.148>question, <00:17:12.226>you <00:17:12.304>can <00:17:12.382>use <00:17:12.460>the <00:17:12.537>app. <00:17:12.615>We <00:17:12.693>have <00:17:12.771>some <00:17:12.848>time <00:17:12.926>at <00:17:13.004>the <00:17:13.082>end <00:17:13.160>of

00:17:13.750 --> 00:17:13.760 align:start position:0%
<00:17:13.750>the <00:17:13.751>app. <00:17:13.752>We <00:17:13.752>have <00:17:13.753>some <00:17:13.755>time <00:17:13.756>at <00:17:13.757>the <00:17:13.758>end <00:17:13.759>of

00:17:13.760 --> 00:17:15.470 align:start position:0%
<00:17:13.760>the <00:17:13.842>app. <00:17:13.924>We <00:17:14.007>have <00:17:14.089>some <00:17:14.171>time <00:17:14.254>at <00:17:14.336>the <00:17:14.418>end <00:17:14.501>of <00:17:14.583>the <00:17:14.665>panel, <00:17:14.748>then <00:17:14.830>we <00:17:14.912>they <00:17:14.995>will <00:17:15.077>answer <00:17:15.160>your

00:17:15.470 --> 00:17:15.480 align:start position:0%
<00:17:15.470>the <00:17:15.471>panel, <00:17:15.472>then <00:17:15.473>we <00:17:15.475>they <00:17:15.476>will <00:17:15.477>answer <00:17:15.479>your

00:17:15.480 --> 00:17:16.790 align:start position:0%
<00:17:15.480>the <00:17:15.611>panel, <00:17:15.742>then <00:17:15.873>we <00:17:16.003>they <00:17:16.135>will <00:17:16.266>answer <00:17:16.396>your <00:17:16.528>questions. <00:17:16.658>So,

00:17:16.790 --> 00:17:16.800 align:start position:0%
<00:17:16.790>questions. <00:17:16.799>So,

00:17:16.800 --> 00:17:18.910 align:start position:0%
<00:17:16.800>questions. <00:17:17.000>So, <00:17:17.200>now <00:17:17.399>we've <00:17:17.599>got <00:17:17.800>some <00:17:18.000>inspiration, <00:17:18.200>write

00:17:18.910 --> 00:17:18.920 align:start position:0%
<00:17:18.910>now <00:17:18.911>we've <00:17:18.913>got <00:17:18.915>some <00:17:18.917>inspiration, <00:17:18.919>write

00:17:18.920 --> 00:17:20.630 align:start position:0%
<00:17:18.920>now <00:17:19.095>we've <00:17:19.270>got <00:17:19.445>some <00:17:19.620>inspiration, <00:17:19.795>write <00:17:19.970>your <00:17:20.145>question <00:17:20.320>down.

00:17:20.630 --> 00:17:20.640 align:start position:0%
<00:17:20.630>your <00:17:20.634>question <00:17:20.639>down.

00:17:20.640 --> 00:17:22.390 align:start position:0%
<00:17:20.640>your <00:17:20.756>question <00:17:20.873>down. <00:17:20.990>Now <00:17:21.106>I <00:17:21.223>want <00:17:21.340>to <00:17:21.456>go <00:17:21.573>to <00:17:21.690>the <00:17:21.806>other <00:17:21.923>side, <00:17:22.040>so

00:17:22.390 --> 00:17:22.400 align:start position:0%
<00:17:22.390>Now <00:17:22.391>I <00:17:22.392>want <00:17:22.393>to <00:17:22.394>go <00:17:22.395>to <00:17:22.396>the <00:17:22.397>other <00:17:22.398>side, <00:17:22.399>so

00:17:22.400 --> 00:17:24.870 align:start position:0%
<00:17:22.400>Now <00:17:22.493>I <00:17:22.586>want <00:17:22.680>to <00:17:22.773>go <00:17:22.866>to <00:17:22.960>the <00:17:23.053>other <00:17:23.146>side, <00:17:23.240>so <00:17:23.333>flip <00:17:23.426>the <00:17:23.520>side. <00:17:23.613>Where <00:17:23.706>does <00:17:23.800>regulation

00:17:24.870 --> 00:17:24.880 align:start position:0%
<00:17:24.869>flip <00:17:24.871>the <00:17:24.873>side. <00:17:24.875>Where <00:17:24.877>does <00:17:24.879>regulation

00:17:24.880 --> 00:17:26.710 align:start position:0%
<00:17:24.880>flip <00:17:24.996>the <00:17:25.113>side. <00:17:25.230>Where <00:17:25.346>does <00:17:25.463>regulation <00:17:25.580>creates <00:17:25.696>value? <00:17:25.813>I <00:17:25.930>mean, <00:17:26.046>we <00:17:26.163>talked <00:17:26.280>about

00:17:26.710 --> 00:17:26.720 align:start position:0%
<00:17:26.710>creates <00:17:26.711>value? <00:17:26.713>I <00:17:26.714>mean, <00:17:26.716>we <00:17:26.717>talked <00:17:26.719>about

00:17:26.720 --> 00:17:27.990 align:start position:0%
<00:17:26.720>creates <00:17:26.883>value? <00:17:27.046>I <00:17:27.209>mean, <00:17:27.373>we <00:17:27.536>talked <00:17:27.699>about <00:17:27.863>the

00:17:27.990 --> 00:17:28.000 align:start position:0%
the

00:17:28.000 --> 00:17:30.350 align:start position:0%
<00:17:28.000>the <00:17:28.233>fragmentation <00:17:28.466>and <00:17:28.700>the <00:17:28.933>single <00:17:29.166>market, <00:17:29.400>but

00:17:30.350 --> 00:17:30.360 align:start position:0%
<00:17:30.350>fragmentation <00:17:30.351>and <00:17:30.353>the <00:17:30.355>single <00:17:30.357>market, <00:17:30.359>but

00:17:30.360 --> 00:17:32.950 align:start position:0%
<00:17:30.360>fragmentation <00:17:30.467>and <00:17:30.575>the <00:17:30.683>single <00:17:30.790>market, <00:17:30.898>but <00:17:31.006>do <00:17:31.113>you <00:17:31.221>have <00:17:31.329>cases <00:17:31.436>or <00:17:31.544>stories <00:17:31.652>from <00:17:31.760>your

00:17:32.950 --> 00:17:32.960 align:start position:0%
<00:17:32.950>do <00:17:32.951>you <00:17:32.952>have <00:17:32.953>cases <00:17:32.955>or <00:17:32.956>stories <00:17:32.957>from <00:17:32.959>your

00:17:32.960 --> 00:17:34.790 align:start position:0%
<00:17:32.960>do <00:17:33.076>you <00:17:33.193>have <00:17:33.310>cases <00:17:33.426>or <00:17:33.543>stories <00:17:33.660>from <00:17:33.776>your <00:17:33.893>founder's <00:17:34.010>journey <00:17:34.126>where <00:17:34.243>regulation <00:17:34.360>is

00:17:34.790 --> 00:17:34.800 align:start position:0%
<00:17:34.790>founder's <00:17:34.792>journey <00:17:34.794>where <00:17:34.796>regulation <00:17:34.799>is

00:17:34.800 --> 00:17:36.550 align:start position:0%
<00:17:34.800>founder's <00:17:34.916>journey <00:17:35.033>where <00:17:35.149>regulation <00:17:35.266>is <00:17:35.383>not <00:17:35.500>a <00:17:35.616>burden, <00:17:35.733>but <00:17:35.850>becomes <00:17:35.966>part <00:17:36.083>of <00:17:36.200>your

00:17:36.550 --> 00:17:36.560 align:start position:0%
<00:17:36.550>not <00:17:36.551>a <00:17:36.552>burden, <00:17:36.553>but <00:17:36.555>becomes <00:17:36.556>part <00:17:36.557>of <00:17:36.559>your

00:17:36.560 --> 00:17:39.070 align:start position:0%
<00:17:36.560>not <00:17:36.715>a <00:17:36.871>burden, <00:17:37.026>but <00:17:37.182>becomes <00:17:37.337>part <00:17:37.493>of <00:17:37.648>your <00:17:37.804>value <00:17:37.960>proposition?

00:17:39.070 --> 00:17:39.080 align:start position:0%
<00:17:39.070>value <00:17:39.079>proposition?

00:17:39.080 --> 00:17:42.030 align:start position:0%
<00:17:39.080>value <00:17:39.207>proposition? <00:17:39.334>&gt;&gt; <00:17:39.461>Um <00:17:39.589>I <00:17:39.716>I <00:17:39.843>I <00:17:39.970>genuinely <00:17:40.098>think <00:17:40.225>Europe <00:17:40.352>needs <00:17:40.480>to

00:17:42.030 --> 00:17:42.040 align:start position:0%
<00:17:42.030>&gt;&gt; <00:17:42.031>Um <00:17:42.032>I <00:17:42.033>I <00:17:42.033>I <00:17:42.034>genuinely <00:17:42.036>think <00:17:42.037>Europe <00:17:42.038>needs <00:17:42.039>to

00:17:42.040 --> 00:17:43.230 align:start position:0%
<00:17:42.040>&gt;&gt; <00:17:42.116>Um <00:17:42.193>I <00:17:42.269>I <00:17:42.346>I <00:17:42.422>genuinely <00:17:42.499>think <00:17:42.575>Europe <00:17:42.652>needs <00:17:42.728>to <00:17:42.805>remember <00:17:42.881>it's <00:17:42.958>the <00:17:43.034>second <00:17:43.111>largest

00:17:43.230 --> 00:17:43.240 align:start position:0%
<00:17:43.230>remember <00:17:43.232>it's <00:17:43.234>the <00:17:43.236>second <00:17:43.239>largest

00:17:43.240 --> 00:17:45.190 align:start position:0%
<00:17:43.240>remember <00:17:43.367>it's <00:17:43.494>the <00:17:43.621>second <00:17:43.749>largest <00:17:43.876>manufacturing <00:17:44.003>hub <00:17:44.130>in <00:17:44.258>the <00:17:44.385>world <00:17:44.512>and <00:17:44.640>needs

00:17:45.190 --> 00:17:45.200 align:start position:0%
<00:17:45.190>manufacturing <00:17:45.191>hub <00:17:45.193>in <00:17:45.194>the <00:17:45.196>world <00:17:45.197>and <00:17:45.199>needs

00:17:45.200 --> 00:17:47.430 align:start position:0%
<00:17:45.200>manufacturing <00:17:45.327>hub <00:17:45.454>in <00:17:45.581>the <00:17:45.709>world <00:17:45.836>and <00:17:45.963>needs <00:17:46.090>to <00:17:46.218>take <00:17:46.345>industrialization <00:17:46.472>serious <00:17:46.600>again.

00:17:47.430 --> 00:17:47.440 align:start position:0%
<00:17:47.430>to <00:17:47.432>take <00:17:47.434>industrialization <00:17:47.436>serious <00:17:47.439>again.

00:17:47.440 --> 00:17:49.350 align:start position:0%
<00:17:47.440>to <00:17:47.556>take <00:17:47.673>industrialization <00:17:47.790>serious <00:17:47.906>again. <00:17:48.023>And <00:17:48.140>right <00:17:48.256>now <00:17:48.373>there's <00:17:48.490>a <00:17:48.606>lot <00:17:48.723>of <00:17:48.840>endeavors

00:17:49.350 --> 00:17:49.360 align:start position:0%
<00:17:49.350>And <00:17:49.351>right <00:17:49.352>now <00:17:49.353>there's <00:17:49.355>a <00:17:49.356>lot <00:17:49.357>of <00:17:49.359>endeavors

00:17:49.360 --> 00:17:51.830 align:start position:0%
<00:17:49.360>And <00:17:49.453>right <00:17:49.546>now <00:17:49.639>there's <00:17:49.733>a <00:17:49.826>lot <00:17:49.919>of <00:17:50.013>endeavors <00:17:50.106>on <00:17:50.199>European <00:17:50.293>level <00:17:50.386>and <00:17:50.479>on <00:17:50.573>German <00:17:50.666>and <00:17:50.760>and

00:17:51.830 --> 00:17:51.840 align:start position:0%
<00:17:51.830>on <00:17:51.831>European <00:17:51.832>level <00:17:51.833>and <00:17:51.835>on <00:17:51.836>German <00:17:51.837>and <00:17:51.839>and

00:17:51.840 --> 00:17:55.630 align:start position:0%
<00:17:51.840>on <00:17:51.939>European <00:17:52.040>level <00:17:52.139>and <00:17:52.240>on <00:17:52.340>German <00:17:52.439>and <00:17:52.540>and <00:17:52.639>and <00:17:52.740>state <00:17:52.840>level <00:17:52.939>uh <00:17:53.040>to <00:17:53.139>push <00:17:53.240>forward

00:17:55.630 --> 00:17:55.640 align:start position:0%
<00:17:55.630>and <00:17:55.631>state <00:17:55.633>level <00:17:55.634>uh <00:17:55.636>to <00:17:55.637>push <00:17:55.639>forward

00:17:55.640 --> 00:17:58.550 align:start position:0%
<00:17:55.640>and <00:17:55.780>state <00:17:55.920>level <00:17:56.060>uh <00:17:56.200>to <00:17:56.340>push <00:17:56.480>forward <00:17:56.620>creating <00:17:56.760>modern <00:17:56.900>industrialization <00:17:57.040>again,

00:17:58.550 --> 00:17:58.560 align:start position:0%
<00:17:58.550>creating <00:17:58.553>modern <00:17:58.556>industrialization <00:17:58.559>again,

00:17:58.560 --> 00:18:00.790 align:start position:0%
<00:17:58.560>creating <00:17:58.700>modern <00:17:58.840>industrialization <00:17:58.980>again, <00:17:59.120>uh <00:17:59.260>creating <00:17:59.399>like <00:17:59.540>places <00:17:59.679>where <00:17:59.820>you <00:17:59.960>build

00:18:00.790 --> 00:18:00.800 align:start position:0%
<00:18:00.790>uh <00:18:00.791>creating <00:18:00.793>like <00:18:00.794>places <00:18:00.796>where <00:18:00.797>you <00:18:00.799>build

00:18:00.800 --> 00:18:02.190 align:start position:0%
<00:18:00.800>uh <00:18:00.904>creating <00:18:01.008>like <00:18:01.112>places <00:18:01.217>where <00:18:01.321>you <00:18:01.425>build <00:18:01.529>EV <00:18:01.634>cars, <00:18:01.738>where <00:18:01.842>you <00:18:01.946>build <00:18:02.051>modern

00:18:02.190 --> 00:18:02.200 align:start position:0%
<00:18:02.190>EV <00:18:02.191>cars, <00:18:02.193>where <00:18:02.195>you <00:18:02.197>build <00:18:02.199>modern

00:18:02.200 --> 00:18:03.590 align:start position:0%
<00:18:02.200>EV <00:18:02.325>cars, <00:18:02.450>where <00:18:02.575>you <00:18:02.700>build <00:18:02.825>modern <00:18:02.950>technology, <00:18:03.075>where <00:18:03.200>you <00:18:03.325>build <00:18:03.451>robotics,

00:18:03.590 --> 00:18:03.600 align:start position:0%
<00:18:03.590>technology, <00:18:03.592>where <00:18:03.594>you <00:18:03.596>build <00:18:03.599>robotics,

00:18:03.600 --> 00:18:04.990 align:start position:0%
<00:18:03.600>technology, <00:18:03.739>where <00:18:03.878>you <00:18:04.016>build <00:18:04.156>robotics, <00:18:04.295>all <00:18:04.434>these <00:18:04.572>kind <00:18:04.712>of <00:18:04.851>things

00:18:04.990 --> 00:18:05.000 align:start position:0%
<00:18:04.990>all <00:18:04.992>these <00:18:04.994>kind <00:18:04.996>of <00:18:04.999>things

00:18:05.000 --> 00:18:08.430 align:start position:0%
<00:18:05.000>all <00:18:05.127>these <00:18:05.254>kind <00:18:05.381>of <00:18:05.509>things <00:18:05.636>um <00:18:05.763>including <00:18:05.890>defense <00:18:06.018>tech, <00:18:06.145>and <00:18:06.272>that <00:18:06.400>is

00:18:08.430 --> 00:18:08.440 align:start position:0%
<00:18:08.430>um <00:18:08.431>including <00:18:08.433>defense <00:18:08.434>tech, <00:18:08.436>and <00:18:08.437>that <00:18:08.439>is

00:18:08.440 --> 00:18:10.990 align:start position:0%
<00:18:08.440>um <00:18:08.547>including <00:18:08.655>defense <00:18:08.763>tech, <00:18:08.870>and <00:18:08.978>that <00:18:09.086>is <00:18:09.193>very <00:18:09.301>much <00:18:09.409>driven <00:18:09.516>by <00:18:09.624>state <00:18:09.732>funding <00:18:09.840>and

00:18:10.990 --> 00:18:11.000 align:start position:0%
<00:18:10.990>very <00:18:10.991>much <00:18:10.993>driven <00:18:10.994>by <00:18:10.996>state <00:18:10.997>funding <00:18:10.999>and

00:18:11.000 --> 00:18:13.630 align:start position:0%
<00:18:11.000>very <00:18:11.100>much <00:18:11.200>driven <00:18:11.300>by <00:18:11.400>state <00:18:11.500>funding <00:18:11.600>and <00:18:11.700>state <00:18:11.800>law <00:18:11.900>making, <00:18:12.000>which <00:18:12.100>I <00:18:12.200>think <00:18:12.300>is <00:18:12.400>a

00:18:13.630 --> 00:18:13.640 align:start position:0%
<00:18:13.630>state <00:18:13.631>law <00:18:13.632>making, <00:18:13.633>which <00:18:13.635>I <00:18:13.636>think <00:18:13.637>is <00:18:13.639>a

00:18:13.640 --> 00:18:15.670 align:start position:0%
<00:18:13.640>state <00:18:13.795>law <00:18:13.951>making, <00:18:14.106>which <00:18:14.262>I <00:18:14.417>think <00:18:14.573>is <00:18:14.728>a <00:18:14.884>good <00:18:15.040>thing.

00:18:15.670 --> 00:18:15.680 align:start position:0%
<00:18:15.670>good <00:18:15.679>thing.

00:18:15.680 --> 00:18:17.670 align:start position:0%
<00:18:15.680>good <00:18:15.855>thing. <00:18:16.030>&gt;&gt; <00:18:16.205>I <00:18:16.380>think <00:18:16.555>also <00:18:16.730>regulation <00:18:16.905>can <00:18:17.080>create

00:18:17.670 --> 00:18:17.680 align:start position:0%
<00:18:17.670>&gt;&gt; <00:18:17.671>I <00:18:17.673>think <00:18:17.674>also <00:18:17.676>regulation <00:18:17.677>can <00:18:17.679>create

00:18:17.680 --> 00:18:19.550 align:start position:0%
<00:18:17.680>&gt;&gt; <00:18:17.807>I <00:18:17.934>think <00:18:18.061>also <00:18:18.189>regulation <00:18:18.316>can <00:18:18.443>create <00:18:18.570>trust, <00:18:18.698>especially <00:18:18.825>in <00:18:18.952>industries <00:18:19.080>where

00:18:19.550 --> 00:18:19.560 align:start position:0%
<00:18:19.550>trust, <00:18:19.552>especially <00:18:19.554>in <00:18:19.556>industries <00:18:19.559>where

00:18:19.560 --> 00:18:21.030 align:start position:0%
<00:18:19.560>trust, <00:18:19.670>especially <00:18:19.780>in <00:18:19.890>industries <00:18:20.001>where <00:18:20.111>you <00:18:20.221>don't <00:18:20.331>have <00:18:20.442>that <00:18:20.552>much <00:18:20.662>trust. <00:18:20.772>If <00:18:20.883>you

00:18:21.030 --> 00:18:21.040 align:start position:0%
<00:18:21.030>you <00:18:21.031>don't <00:18:21.032>have <00:18:21.033>that <00:18:21.035>much <00:18:21.036>trust. <00:18:21.037>If <00:18:21.039>you

00:18:21.040 --> 00:18:23.990 align:start position:0%
<00:18:21.040>you <00:18:21.147>don't <00:18:21.255>have <00:18:21.363>that <00:18:21.470>much <00:18:21.578>trust. <00:18:21.686>If <00:18:21.793>you <00:18:21.901>take <00:18:22.009>crypto <00:18:22.116>for <00:18:22.224>example, <00:18:22.332>I <00:18:22.440>think

00:18:23.990 --> 00:18:24.000 align:start position:0%
<00:18:23.990>take <00:18:23.991>crypto <00:18:23.993>for <00:18:23.995>example, <00:18:23.997>I <00:18:23.999>think

00:18:24.000 --> 00:18:25.750 align:start position:0%
<00:18:24.000>take <00:18:24.116>crypto <00:18:24.233>for <00:18:24.350>example, <00:18:24.466>I <00:18:24.583>think <00:18:24.700>crypto <00:18:24.816>regulation <00:18:24.933>in <00:18:25.050>Europe <00:18:25.166>is <00:18:25.283>not <00:18:25.400>that

00:18:25.750 --> 00:18:25.760 align:start position:0%
<00:18:25.750>crypto <00:18:25.751>regulation <00:18:25.753>in <00:18:25.754>Europe <00:18:25.756>is <00:18:25.757>not <00:18:25.759>that

00:18:25.760 --> 00:18:28.550 align:start position:0%
<00:18:25.760>crypto <00:18:25.867>regulation <00:18:25.975>in <00:18:26.083>Europe <00:18:26.190>is <00:18:26.298>not <00:18:26.406>that <00:18:26.513>bad <00:18:26.621>because <00:18:26.729>it <00:18:26.836>creates <00:18:26.944>trust <00:18:27.052>in <00:18:27.160>European

00:18:28.550 --> 00:18:28.560 align:start position:0%
<00:18:28.550>bad <00:18:28.551>because <00:18:28.553>it <00:18:28.554>creates <00:18:28.556>trust <00:18:28.557>in <00:18:28.559>European

00:18:28.560 --> 00:18:31.830 align:start position:0%
<00:18:28.560>bad <00:18:28.667>because <00:18:28.775>it <00:18:28.883>creates <00:18:28.990>trust <00:18:29.098>in <00:18:29.206>European <00:18:29.313>crypto <00:18:29.421>um <00:18:29.529>exchanges <00:18:29.636>and <00:18:29.744>having <00:18:29.852>here <00:18:29.960>like

00:18:31.830 --> 00:18:31.840 align:start position:0%
<00:18:31.830>crypto <00:18:31.831>um <00:18:31.832>exchanges <00:18:31.834>and <00:18:31.836>having <00:18:31.837>here <00:18:31.839>like

00:18:31.840 --> 00:18:33.870 align:start position:0%
<00:18:31.840>crypto <00:18:31.933>um <00:18:32.026>exchanges <00:18:32.120>and <00:18:32.213>having <00:18:32.306>here <00:18:32.399>like <00:18:32.493>kind <00:18:32.586>of <00:18:32.679>a <00:18:32.773>level <00:18:32.866>playing <00:18:32.959>field <00:18:33.053>as <00:18:33.146>long <00:18:33.240>as

00:18:33.870 --> 00:18:33.880 align:start position:0%
<00:18:33.870>kind <00:18:33.871>of <00:18:33.872>a <00:18:33.873>level <00:18:33.874>playing <00:18:33.875>field <00:18:33.876>as <00:18:33.877>long <00:18:33.879>as

00:18:33.880 --> 00:18:35.990 align:start position:0%
<00:18:33.880>kind <00:18:33.980>of <00:18:34.080>a <00:18:34.180>level <00:18:34.280>playing <00:18:34.380>field <00:18:34.480>as <00:18:34.580>long <00:18:34.680>as <00:18:34.780>it's <00:18:34.880>not <00:18:34.980>getting <00:18:35.080>too <00:18:35.180>burdensome <00:18:35.280>can

00:18:35.990 --> 00:18:36.000 align:start position:0%
<00:18:35.990>it's <00:18:35.991>not <00:18:35.993>getting <00:18:35.995>too <00:18:35.997>burdensome <00:18:35.999>can

00:18:36.000 --> 00:18:38.590 align:start position:0%
<00:18:36.000>it's <00:18:36.127>not <00:18:36.254>getting <00:18:36.381>too <00:18:36.509>burdensome <00:18:36.636>can <00:18:36.763>actually <00:18:36.890>be <00:18:37.018>a <00:18:37.145>competitive <00:18:37.272>advantage <00:18:37.400>to

00:18:38.590 --> 00:18:38.600 align:start position:0%
<00:18:38.590>actually <00:18:38.591>be <00:18:38.593>a <00:18:38.595>competitive <00:18:38.597>advantage <00:18:38.599>to

00:18:38.600 --> 00:18:41.030 align:start position:0%
<00:18:38.600>actually <00:18:38.707>be <00:18:38.815>a <00:18:38.923>competitive <00:18:39.030>advantage <00:18:39.138>to <00:18:39.246>also <00:18:39.353>get <00:18:39.461>this <00:18:39.569>wild <00:18:39.676>west <00:18:39.784>mentality <00:18:39.892>out <00:18:40.000>of

00:18:41.030 --> 00:18:41.040 align:start position:0%
<00:18:41.030>also <00:18:41.031>get <00:18:41.032>this <00:18:41.033>wild <00:18:41.035>west <00:18:41.036>mentality <00:18:41.037>out <00:18:41.039>of

00:18:41.040 --> 00:18:43.110 align:start position:0%
<00:18:41.040>also <00:18:41.195>get <00:18:41.351>this <00:18:41.506>wild <00:18:41.662>west <00:18:41.817>mentality <00:18:41.973>out <00:18:42.128>of <00:18:42.284>a <00:18:42.440>market.

00:18:43.110 --> 00:18:43.120 align:start position:0%
<00:18:43.110>a <00:18:43.119>market.

00:18:43.120 --> 00:18:44.470 align:start position:0%
<00:18:43.120>a <00:18:43.423>market. <00:18:43.727>&gt;&gt; <00:18:44.031>Yeah, <00:18:44.335>so

00:18:44.470 --> 00:18:44.480 align:start position:0%
<00:18:44.470>&gt;&gt; <00:18:44.474>Yeah, <00:18:44.479>so

00:18:44.480 --> 00:18:46.910 align:start position:0%
<00:18:44.480>&gt;&gt; <00:18:44.620>Yeah, <00:18:44.760>so <00:18:44.900>uh <00:18:45.040>I <00:18:45.180>believe <00:18:45.320>it's <00:18:45.460>actually <00:18:45.600>one <00:18:45.740>of <00:18:45.880>the

00:18:46.910 --> 00:18:46.920 align:start position:0%
<00:18:46.910>uh <00:18:46.911>I <00:18:46.912>believe <00:18:46.913>it's <00:18:46.915>actually <00:18:46.916>one <00:18:46.917>of <00:18:46.919>the

00:18:46.920 --> 00:18:50.430 align:start position:0%
<00:18:46.920>uh <00:18:47.013>I <00:18:47.106>believe <00:18:47.200>it's <00:18:47.293>actually <00:18:47.386>one <00:18:47.480>of <00:18:47.573>the <00:18:47.666>things <00:18:47.760>that <00:18:47.853>have <00:18:47.946>moved <00:18:48.040>the <00:18:48.133>goal <00:18:48.226>post <00:18:48.320>for

00:18:50.430 --> 00:18:50.440 align:start position:0%
<00:18:50.430>things <00:18:50.431>that <00:18:50.432>have <00:18:50.433>moved <00:18:50.435>the <00:18:50.436>goal <00:18:50.437>post <00:18:50.439>for

00:18:50.440 --> 00:18:54.150 align:start position:0%
<00:18:50.440>things <00:18:50.547>that <00:18:50.655>have <00:18:50.763>moved <00:18:50.870>the <00:18:50.978>goal <00:18:51.086>post <00:18:51.193>for <00:18:51.301>uh <00:18:51.409>our <00:18:51.516>internal <00:18:51.624>ambitions <00:18:51.732>at <00:18:51.840>Sasha.

00:18:54.150 --> 00:18:54.160 align:start position:0%
<00:18:54.150>uh <00:18:54.151>our <00:18:54.153>internal <00:18:54.155>ambitions <00:18:54.157>at <00:18:54.159>Sasha.

00:18:54.160 --> 00:18:56.910 align:start position:0%
<00:18:54.160>uh <00:18:54.260>our <00:18:54.360>internal <00:18:54.460>ambitions <00:18:54.560>at <00:18:54.660>Sasha. <00:18:54.760>Um <00:18:54.860>there <00:18:54.960>are <00:18:55.060>rights <00:18:55.160>and <00:18:55.260>we <00:18:55.360>need <00:18:55.460>to <00:18:55.560>live

00:18:56.910 --> 00:18:56.920 align:start position:0%
<00:18:56.910>Um <00:18:56.911>there <00:18:56.912>are <00:18:56.913>rights <00:18:56.914>and <00:18:56.915>we <00:18:56.916>need <00:18:56.917>to <00:18:56.919>live

00:18:56.920 --> 00:18:58.670 align:start position:0%
<00:18:56.920>Um <00:18:57.013>there <00:18:57.106>are <00:18:57.200>rights <00:18:57.293>and <00:18:57.386>we <00:18:57.480>need <00:18:57.573>to <00:18:57.666>live <00:18:57.760>up <00:18:57.853>to <00:18:57.946>these <00:18:58.040>rights, <00:18:58.133>and <00:18:58.226>our <00:18:58.320>solution

00:18:58.670 --> 00:18:58.680 align:start position:0%
<00:18:58.670>up <00:18:58.671>to <00:18:58.673>these <00:18:58.674>rights, <00:18:58.676>and <00:18:58.677>our <00:18:58.679>solution

00:18:58.680 --> 00:19:01.870 align:start position:0%
<00:18:58.680>up <00:18:58.796>to <00:18:58.913>these <00:18:59.030>rights, <00:18:59.146>and <00:18:59.263>our <00:18:59.380>solution <00:18:59.496>needs <00:18:59.613>to <00:18:59.730>serve <00:18:59.846>its <00:18:59.963>purpose <00:19:00.080>without

00:19:01.870 --> 00:19:01.880 align:start position:0%
<00:19:01.870>needs <00:19:01.871>to <00:19:01.873>serve <00:19:01.875>its <00:19:01.877>purpose <00:19:01.879>without

00:19:01.880 --> 00:19:04.550 align:start position:0%
<00:19:01.880>needs <00:19:02.007>to <00:19:02.134>serve <00:19:02.261>its <00:19:02.389>purpose <00:19:02.516>without <00:19:02.643>compromising <00:19:02.770>these <00:19:02.898>rights. <00:19:03.025>So <00:19:03.152>for <00:19:03.280>me,

00:19:04.550 --> 00:19:04.560 align:start position:0%
<00:19:04.550>compromising <00:19:04.551>these <00:19:04.553>rights. <00:19:04.555>So <00:19:04.557>for <00:19:04.559>me,

00:19:04.560 --> 00:19:05.950 align:start position:0%
<00:19:04.560>compromising <00:19:04.673>these <00:19:04.787>rights. <00:19:04.901>So <00:19:05.014>for <00:19:05.128>me, <00:19:05.242>especially <00:19:05.356>in <00:19:05.469>the <00:19:05.583>beginning <00:19:05.697>and <00:19:05.811>the

00:19:05.950 --> 00:19:05.960 align:start position:0%
<00:19:05.950>especially <00:19:05.951>in <00:19:05.953>the <00:19:05.955>beginning <00:19:05.957>and <00:19:05.959>the

00:19:05.960 --> 00:19:08.310 align:start position:0%
<00:19:05.960>especially <00:19:06.100>in <00:19:06.240>the <00:19:06.380>beginning <00:19:06.520>and <00:19:06.660>the <00:19:06.800>signing <00:19:06.940>um <00:19:07.080>the <00:19:07.220>architecture <00:19:07.360>and

00:19:08.310 --> 00:19:08.320 align:start position:0%
<00:19:08.310>signing <00:19:08.312>um <00:19:08.314>the <00:19:08.316>architecture <00:19:08.319>and

00:19:08.320 --> 00:19:11.350 align:start position:0%
<00:19:08.320>signing <00:19:08.460>um <00:19:08.600>the <00:19:08.740>architecture <00:19:08.879>and <00:19:09.020>understanding <00:19:09.159>how <00:19:09.300>how <00:19:09.439>it <00:19:09.580>should <00:19:09.720>work

00:19:11.350 --> 00:19:11.360 align:start position:0%
<00:19:11.350>understanding <00:19:11.351>how <00:19:11.353>how <00:19:11.355>it <00:19:11.357>should <00:19:11.359>work

00:19:11.360 --> 00:19:13.110 align:start position:0%
<00:19:11.360>understanding <00:19:11.500>how <00:19:11.639>how <00:19:11.780>it <00:19:11.919>should <00:19:12.060>work <00:19:12.199>you <00:19:12.340>could <00:19:12.479>say <00:19:12.620>by <00:19:12.760>by

00:19:13.110 --> 00:19:13.120 align:start position:0%
<00:19:13.110>you <00:19:13.112>could <00:19:13.114>say <00:19:13.116>by <00:19:13.119>by

00:19:13.120 --> 00:19:15.190 align:start position:0%
<00:19:13.120>you <00:19:13.247>could <00:19:13.374>say <00:19:13.501>by <00:19:13.629>by <00:19:13.756>by <00:19:13.883>having <00:19:14.010>our <00:19:14.138>values <00:19:14.265>as <00:19:14.392>so <00:19:14.520>well

00:19:15.190 --> 00:19:15.200 align:start position:0%
<00:19:15.190>by <00:19:15.191>having <00:19:15.193>our <00:19:15.194>values <00:19:15.196>as <00:19:15.197>so <00:19:15.199>well

00:19:15.200 --> 00:19:17.430 align:start position:0%
<00:19:15.200>by <00:19:15.307>having <00:19:15.415>our <00:19:15.523>values <00:19:15.630>as <00:19:15.738>so <00:19:15.846>well <00:19:15.953>communicated <00:19:16.061>on <00:19:16.169>what <00:19:16.276>we <00:19:16.384>will <00:19:16.492>agree <00:19:16.600>to

00:19:17.430 --> 00:19:17.440 align:start position:0%
<00:19:17.430>communicated <00:19:17.431>on <00:19:17.433>what <00:19:17.434>we <00:19:17.436>will <00:19:17.437>agree <00:19:17.439>to

00:19:17.440 --> 00:19:19.110 align:start position:0%
<00:19:17.440>communicated <00:19:17.580>on <00:19:17.720>what <00:19:17.860>we <00:19:18.000>will <00:19:18.140>agree <00:19:18.280>to <00:19:18.420>and <00:19:18.560>not <00:19:18.700>agree <00:19:18.840>to,

00:19:19.110 --> 00:19:19.120 align:start position:0%
<00:19:19.110>and <00:19:19.112>not <00:19:19.116>agree <00:19:19.119>to,

00:19:19.120 --> 00:19:21.990 align:start position:0%
<00:19:19.120>and <00:19:19.260>not <00:19:19.399>agree <00:19:19.540>to, <00:19:19.679>also <00:19:19.820>helped <00:19:19.959>push <00:19:20.100>the <00:19:20.239>boundaries <00:19:20.379>to <00:19:20.520>how

00:19:21.990 --> 00:19:22.000 align:start position:0%
<00:19:21.990>also <00:19:21.991>helped <00:19:21.993>push <00:19:21.994>the <00:19:21.996>boundaries <00:19:21.997>to <00:19:21.999>how

00:19:22.000 --> 00:19:24.230 align:start position:0%
<00:19:22.000>also <00:19:22.107>helped <00:19:22.215>push <00:19:22.323>the <00:19:22.430>boundaries <00:19:22.538>to <00:19:22.646>how <00:19:22.753>how <00:19:22.861>good <00:19:22.969>the <00:19:23.076>solution <00:19:23.184>actually <00:19:23.292>ended <00:19:23.400>up

00:19:24.230 --> 00:19:24.240 align:start position:0%
<00:19:24.230>how <00:19:24.231>good <00:19:24.233>the <00:19:24.234>solution <00:19:24.236>actually <00:19:24.237>ended <00:19:24.239>up

00:19:24.240 --> 00:19:25.510 align:start position:0%
<00:19:24.240>how <00:19:24.403>good <00:19:24.566>the <00:19:24.729>solution <00:19:24.893>actually <00:19:25.056>ended <00:19:25.219>up <00:19:25.383>being.

00:19:25.510 --> 00:19:25.520 align:start position:0%
being.

00:19:25.520 --> 00:19:26.950 align:start position:0%
<00:19:25.520>being. <00:19:25.680>And <00:19:25.841>but <00:19:26.002>it <00:19:26.163>also <00:19:26.324>gave <00:19:26.485>a <00:19:26.646>lot <00:19:26.807>of

00:19:26.950 --> 00:19:26.960 align:start position:0%
<00:19:26.950>And <00:19:26.951>but <00:19:26.952>it <00:19:26.953>also <00:19:26.955>gave <00:19:26.956>a <00:19:26.957>lot <00:19:26.959>of

00:19:26.960 --> 00:19:29.350 align:start position:0%
<00:19:26.960>And <00:19:27.053>but <00:19:27.146>it <00:19:27.240>also <00:19:27.333>gave <00:19:27.426>a <00:19:27.520>lot <00:19:27.613>of <00:19:27.706>perspective. <00:19:27.800>So <00:19:27.893>when <00:19:27.986>I <00:19:28.080>am <00:19:28.173>in <00:19:28.266>the <00:19:28.360>states

00:19:29.350 --> 00:19:29.360 align:start position:0%
<00:19:29.350>perspective. <00:19:29.351>So <00:19:29.352>when <00:19:29.353>I <00:19:29.355>am <00:19:29.356>in <00:19:29.357>the <00:19:29.359>states

00:19:29.360 --> 00:19:30.390 align:start position:0%
<00:19:29.360>perspective. <00:19:29.475>So <00:19:29.591>when <00:19:29.707>I <00:19:29.823>am <00:19:29.939>in <00:19:30.055>the <00:19:30.171>states <00:19:30.287>or

00:19:30.390 --> 00:19:30.400 align:start position:0%
or

00:19:30.400 --> 00:19:32.390 align:start position:0%
<00:19:30.400>or <00:19:30.750>uh <00:19:31.100>wherever <00:19:31.450>I <00:19:31.800>travel,

00:19:32.390 --> 00:19:32.400 align:start position:0%
<00:19:32.390>uh <00:19:32.393>wherever <00:19:32.396>I <00:19:32.399>travel,

00:19:32.400 --> 00:19:34.750 align:start position:0%
<00:19:32.400>uh <00:19:32.516>wherever <00:19:32.633>I <00:19:32.750>travel, <00:19:32.866>I'm <00:19:32.983>really <00:19:33.100>well <00:19:33.216>prepared <00:19:33.333>to <00:19:33.450>a <00:19:33.566>lot <00:19:33.683>of <00:19:33.800>the

00:19:34.750 --> 00:19:34.760 align:start position:0%
<00:19:34.750>I'm <00:19:34.751>really <00:19:34.752>well <00:19:34.753>prepared <00:19:34.754>to <00:19:34.755>a <00:19:34.756>lot <00:19:34.757>of <00:19:34.759>the

00:19:34.760 --> 00:19:36.430 align:start position:0%
<00:19:34.760>I'm <00:19:34.887>really <00:19:35.014>well <00:19:35.141>prepared <00:19:35.269>to <00:19:35.396>a <00:19:35.523>lot <00:19:35.650>of <00:19:35.778>the <00:19:35.905>questions <00:19:36.032>coming <00:19:36.160>up.

00:19:36.430 --> 00:19:36.440 align:start position:0%
<00:19:36.430>questions <00:19:36.434>coming <00:19:36.439>up.

00:19:36.440 --> 00:19:38.510 align:start position:0%
<00:19:36.440>questions <00:19:36.580>coming <00:19:36.720>up. <00:19:36.860>Where <00:19:37.000>what <00:19:37.140>I <00:19:37.280>see <00:19:37.420>is <00:19:37.560>other <00:19:37.700>companies <00:19:37.840>get

00:19:38.510 --> 00:19:38.520 align:start position:0%
<00:19:38.510>Where <00:19:38.511>what <00:19:38.512>I <00:19:38.513>see <00:19:38.515>is <00:19:38.516>other <00:19:38.517>companies <00:19:38.519>get

00:19:38.520 --> 00:19:41.910 align:start position:0%
<00:19:38.520>Where <00:19:38.647>what <00:19:38.774>I <00:19:38.901>see <00:19:39.029>is <00:19:39.156>other <00:19:39.283>companies <00:19:39.410>get <00:19:39.538>these <00:19:39.665>questions <00:19:39.792>while <00:19:39.920>uh

00:19:41.910 --> 00:19:41.920 align:start position:0%
<00:19:41.910>these <00:19:41.913>questions <00:19:41.916>while <00:19:41.919>uh

00:19:41.920 --> 00:19:42.910 align:start position:0%
<00:19:41.920>these <00:19:42.142>questions <00:19:42.365>while <00:19:42.588>uh <00:19:42.811>um

00:19:42.910 --> 00:19:42.920 align:start position:0%
um

00:19:42.920 --> 00:19:45.190 align:start position:0%
<00:19:42.920>um <00:19:43.153>while <00:19:43.386>trying <00:19:43.620>to <00:19:43.853>scale <00:19:44.086>without <00:19:44.320>having

00:19:45.190 --> 00:19:45.200 align:start position:0%
<00:19:45.190>while <00:19:45.191>trying <00:19:45.193>to <00:19:45.195>scale <00:19:45.197>without <00:19:45.199>having

00:19:45.200 --> 00:19:47.110 align:start position:0%
<00:19:45.200>while <00:19:45.300>trying <00:19:45.400>to <00:19:45.500>scale <00:19:45.600>without <00:19:45.700>having <00:19:45.800>thought <00:19:45.900>of <00:19:46.000>them <00:19:46.100>as <00:19:46.200>a <00:19:46.300>core <00:19:46.400>part <00:19:46.500>of <00:19:46.600>the

00:19:47.110 --> 00:19:47.120 align:start position:0%
<00:19:47.110>thought <00:19:47.111>of <00:19:47.112>them <00:19:47.113>as <00:19:47.114>a <00:19:47.115>core <00:19:47.116>part <00:19:47.117>of <00:19:47.119>the

00:19:47.120 --> 00:19:48.270 align:start position:0%
<00:19:47.120>thought <00:19:47.235>of <00:19:47.350>them <00:19:47.465>as <00:19:47.580>a <00:19:47.695>core <00:19:47.810>part <00:19:47.925>of <00:19:48.040>the <00:19:48.155>product,

00:19:48.270 --> 00:19:48.280 align:start position:0%
product,

00:19:48.280 --> 00:19:50.790 align:start position:0%
<00:19:48.280>product, <00:19:48.560>which <00:19:48.840>makes <00:19:49.120>it <00:19:49.399>really <00:19:49.680>really

00:19:50.790 --> 00:19:50.800 align:start position:0%
<00:19:50.790>which <00:19:50.792>makes <00:19:50.794>it <00:19:50.796>really <00:19:50.799>really

00:19:50.800 --> 00:19:52.830 align:start position:0%
<00:19:50.800>which <00:19:50.975>makes <00:19:51.149>it <00:19:51.325>really <00:19:51.500>really <00:19:51.675>uh <00:19:51.850>expensive <00:19:52.024>to <00:19:52.200>solve.

00:19:52.830 --> 00:19:52.840 align:start position:0%
<00:19:52.830>uh <00:19:52.832>expensive <00:19:52.836>to <00:19:52.839>solve.

00:19:52.840 --> 00:19:55.630 align:start position:0%
<00:19:52.840>uh <00:19:52.956>expensive <00:19:53.073>to <00:19:53.189>solve. <00:19:53.306>So <00:19:53.423>I <00:19:53.540>think <00:19:53.656>because <00:19:53.773>we <00:19:53.889>have <00:19:54.006>the <00:19:54.123>value <00:19:54.240>set

00:19:55.630 --> 00:19:55.640 align:start position:0%
<00:19:55.630>So <00:19:55.631>I <00:19:55.632>think <00:19:55.633>because <00:19:55.634>we <00:19:55.635>have <00:19:55.636>the <00:19:55.637>value <00:19:55.639>set

00:19:55.640 --> 00:19:58.190 align:start position:0%
<00:19:55.640>So <00:19:55.722>I <00:19:55.804>think <00:19:55.887>because <00:19:55.969>we <00:19:56.051>have <00:19:56.134>the <00:19:56.216>value <00:19:56.298>set <00:19:56.381>that <00:19:56.463>we <00:19:56.545>have, <00:19:56.628>it's <00:19:56.710>a <00:19:56.792>good <00:19:56.875>line <00:19:56.957>to <00:19:57.040>say,

00:19:58.190 --> 00:19:58.200 align:start position:0%
<00:19:58.190>that <00:19:58.191>we <00:19:58.192>have, <00:19:58.193>it's <00:19:58.194>a <00:19:58.195>good <00:19:58.196>line <00:19:58.197>to <00:19:58.199>say,

00:19:58.200 --> 00:20:01.230 align:start position:0%
<00:19:58.200>that <00:19:58.282>we <00:19:58.364>have, <00:19:58.447>it's <00:19:58.529>a <00:19:58.611>good <00:19:58.694>line <00:19:58.776>to <00:19:58.858>say, <00:19:58.941>"Okay, <00:19:59.023>if <00:19:59.105>it <00:19:59.188>works <00:19:59.270>and <00:19:59.352>if <00:19:59.435>we <00:19:59.517>respect <00:19:59.600>it

00:20:01.230 --> 00:20:01.240 align:start position:0%
<00:20:01.230>"Okay, <00:20:01.231>if <00:20:01.232>it <00:20:01.233>works <00:20:01.234>and <00:20:01.235>if <00:20:01.236>we <00:20:01.237>respect <00:20:01.239>it

00:20:01.240 --> 00:20:04.150 align:start position:0%
<00:20:01.240>"Okay, <00:20:01.322>if <00:20:01.404>it <00:20:01.487>works <00:20:01.569>and <00:20:01.651>if <00:20:01.734>we <00:20:01.816>respect <00:20:01.898>it <00:20:01.981>and <00:20:02.063>if <00:20:02.145>we <00:20:02.228>build <00:20:02.310>around <00:20:02.392>as <00:20:02.475>a <00:20:02.557>with <00:20:02.640>it,

00:20:04.150 --> 00:20:04.160 align:start position:0%
<00:20:04.150>and <00:20:04.151>if <00:20:04.152>we <00:20:04.153>build <00:20:04.154>around <00:20:04.155>as <00:20:04.156>a <00:20:04.157>with <00:20:04.159>it,

00:20:04.160 --> 00:20:06.830 align:start position:0%
<00:20:04.160>and <00:20:04.276>if <00:20:04.393>we <00:20:04.510>build <00:20:04.626>around <00:20:04.743>as <00:20:04.860>a <00:20:04.976>with <00:20:05.093>it, <00:20:05.210>uh <00:20:05.326>it's <00:20:05.443>actually <00:20:05.560>extremely

00:20:06.830 --> 00:20:06.840 align:start position:0%
<00:20:06.830>uh <00:20:06.832>it's <00:20:06.836>actually <00:20:06.839>extremely

00:20:06.840 --> 00:20:09.870 align:start position:0%
<00:20:06.840>uh <00:20:06.967>it's <00:20:07.094>actually <00:20:07.221>extremely <00:20:07.349>it <00:20:07.476>it's <00:20:07.603>preparing <00:20:07.730>you <00:20:07.858>as <00:20:07.985>a <00:20:08.112>company <00:20:08.240>for

00:20:09.870 --> 00:20:09.880 align:start position:0%
<00:20:09.870>it <00:20:09.871>it's <00:20:09.872>preparing <00:20:09.873>you <00:20:09.875>as <00:20:09.876>a <00:20:09.877>company <00:20:09.879>for

00:20:09.880 --> 00:20:12.630 align:start position:0%
<00:20:09.880>it <00:20:09.967>it's <00:20:10.055>preparing <00:20:10.142>you <00:20:10.230>as <00:20:10.317>a <00:20:10.405>company <00:20:10.492>for <00:20:10.580>lot <00:20:10.667>uh <00:20:10.755>out <00:20:10.842>there, <00:20:10.930>uh <00:20:11.017>but <00:20:11.105>it's <00:20:11.192>also <00:20:11.280>give

00:20:12.630 --> 00:20:12.640 align:start position:0%
<00:20:12.630>lot <00:20:12.631>uh <00:20:12.632>out <00:20:12.633>there, <00:20:12.634>uh <00:20:12.635>but <00:20:12.636>it's <00:20:12.637>also <00:20:12.639>give

00:20:12.640 --> 00:20:15.070 align:start position:0%
<00:20:12.640>lot <00:20:12.740>uh <00:20:12.840>out <00:20:12.940>there, <00:20:13.040>uh <00:20:13.140>but <00:20:13.240>it's <00:20:13.340>also <00:20:13.440>give <00:20:13.540>you <00:20:13.640>some <00:20:13.740>extremely <00:20:13.840>good <00:20:13.940>arguments <00:20:14.040>for

00:20:15.070 --> 00:20:15.080 align:start position:0%
<00:20:15.070>you <00:20:15.071>some <00:20:15.073>extremely <00:20:15.075>good <00:20:15.077>arguments <00:20:15.079>for

00:20:15.080 --> 00:20:16.230 align:start position:0%
<00:20:15.080>you <00:20:15.252>some <00:20:15.425>extremely <00:20:15.597>good <00:20:15.770>arguments <00:20:15.942>for <00:20:16.115>why

00:20:16.230 --> 00:20:16.240 align:start position:0%
why

00:20:16.240 --> 00:20:17.910 align:start position:0%
<00:20:16.240>why <00:20:16.473>uh <00:20:16.706>your <00:20:16.940>clients <00:20:17.173>should <00:20:17.406>choose <00:20:17.640>your

00:20:17.910 --> 00:20:17.920 align:start position:0%
<00:20:17.910>uh <00:20:17.911>your <00:20:17.913>clients <00:20:17.915>should <00:20:17.917>choose <00:20:17.919>your

00:20:17.920 --> 00:20:20.670 align:start position:0%
<00:20:17.920>uh <00:20:18.060>your <00:20:18.200>clients <00:20:18.340>should <00:20:18.480>choose <00:20:18.620>your <00:20:18.760>product <00:20:18.900>instead <00:20:19.040>of <00:20:19.180>another <00:20:19.320>product.

00:20:20.670 --> 00:20:20.680 align:start position:0%
<00:20:20.670>product <00:20:20.672>instead <00:20:20.674>of <00:20:20.676>another <00:20:20.679>product.

00:20:20.680 --> 00:20:21.870 align:start position:0%
<00:20:20.680>product <00:20:20.769>instead <00:20:20.858>of <00:20:20.947>another <00:20:21.037>product. <00:20:21.126>And <00:20:21.215>when <00:20:21.304>you <00:20:21.394>didn't <00:20:21.483>say <00:20:21.572>you <00:20:21.661>are <00:20:21.751>from

00:20:21.870 --> 00:20:21.880 align:start position:0%
<00:20:21.870>And <00:20:21.871>when <00:20:21.872>you <00:20:21.873>didn't <00:20:21.875>say <00:20:21.876>you <00:20:21.877>are <00:20:21.879>from

00:20:21.880 --> 00:20:23.950 align:start position:0%
<00:20:21.880>And <00:20:21.980>when <00:20:22.080>you <00:20:22.180>didn't <00:20:22.280>say <00:20:22.380>you <00:20:22.480>are <00:20:22.580>from <00:20:22.680>Europe <00:20:22.780>as <00:20:22.880>well, <00:20:22.980>uh <00:20:23.080>something <00:20:23.180>is <00:20:23.280>being

00:20:23.950 --> 00:20:23.960 align:start position:0%
<00:20:23.950>Europe <00:20:23.951>as <00:20:23.953>well, <00:20:23.954>uh <00:20:23.956>something <00:20:23.957>is <00:20:23.959>being

00:20:23.960 --> 00:20:25.910 align:start position:0%
<00:20:23.960>Europe <00:20:24.060>as <00:20:24.160>well, <00:20:24.260>uh <00:20:24.360>something <00:20:24.460>is <00:20:24.560>being <00:20:24.660>good <00:20:24.760>at <00:20:24.860>talking <00:20:24.960>about <00:20:25.060>it. <00:20:25.160>But <00:20:25.260>when <00:20:25.360>you

00:20:25.910 --> 00:20:25.920 align:start position:0%
<00:20:25.910>good <00:20:25.911>at <00:20:25.912>talking <00:20:25.913>about <00:20:25.915>it. <00:20:25.916>But <00:20:25.917>when <00:20:25.919>you

00:20:25.920 --> 00:20:28.230 align:start position:0%
<00:20:25.920>good <00:20:26.013>at <00:20:26.106>talking <00:20:26.200>about <00:20:26.293>it. <00:20:26.386>But <00:20:26.480>when <00:20:26.573>you <00:20:26.666>then <00:20:26.760>are <00:20:26.853>saying <00:20:26.946>we <00:20:27.040>are <00:20:27.133>rooted <00:20:27.226>in <00:20:27.320>Europe,

00:20:28.230 --> 00:20:28.240 align:start position:0%
<00:20:28.230>then <00:20:28.231>are <00:20:28.232>saying <00:20:28.233>we <00:20:28.235>are <00:20:28.236>rooted <00:20:28.237>in <00:20:28.239>Europe,

00:20:28.240 --> 00:20:29.990 align:start position:0%
<00:20:28.240>then <00:20:28.340>are <00:20:28.440>saying <00:20:28.540>we <00:20:28.640>are <00:20:28.740>rooted <00:20:28.840>in <00:20:28.940>Europe, <00:20:29.040>then <00:20:29.140>it's <00:20:29.240>like, <00:20:29.340>"Okay, <00:20:29.440>they <00:20:29.540>it's <00:20:29.640>not

00:20:29.990 --> 00:20:30.000 align:start position:0%
<00:20:29.990>then <00:20:29.991>it's <00:20:29.993>like, <00:20:29.994>"Okay, <00:20:29.996>they <00:20:29.997>it's <00:20:29.999>not

00:20:30.000 --> 00:20:32.430 align:start position:0%
<00:20:30.000>then <00:20:30.100>it's <00:20:30.200>like, <00:20:30.300>"Okay, <00:20:30.400>they <00:20:30.500>it's <00:20:30.600>not <00:20:30.700>it's <00:20:30.800>probably <00:20:30.900>not <00:20:31.000>just <00:20:31.100>him <00:20:31.200>being <00:20:31.300>good <00:20:31.400>at

00:20:32.430 --> 00:20:32.440 align:start position:0%
<00:20:32.430>it's <00:20:32.431>probably <00:20:32.432>not <00:20:32.433>just <00:20:32.435>him <00:20:32.436>being <00:20:32.437>good <00:20:32.439>at

00:20:32.440 --> 00:20:34.630 align:start position:0%
<00:20:32.440>it's <00:20:32.540>probably <00:20:32.640>not <00:20:32.740>just <00:20:32.840>him <00:20:32.940>being <00:20:33.040>good <00:20:33.140>at <00:20:33.240>talking. <00:20:33.340>Mhm. <00:20:33.440>It <00:20:33.540>must <00:20:33.640>have <00:20:33.740>something <00:20:33.840>to

00:20:34.630 --> 00:20:34.640 align:start position:0%
<00:20:34.630>talking. <00:20:34.631>Mhm. <00:20:34.633>It <00:20:34.634>must <00:20:34.636>have <00:20:34.637>something <00:20:34.639>to

00:20:34.640 --> 00:20:37.270 align:start position:0%
<00:20:34.640>talking. <00:20:34.756>Mhm. <00:20:34.873>It <00:20:34.990>must <00:20:35.106>have <00:20:35.223>something <00:20:35.340>to <00:20:35.456>it." <00:20:35.573>So <00:20:35.690>I <00:20:35.806>think <00:20:35.923>it's <00:20:36.040>also

00:20:37.270 --> 00:20:37.280 align:start position:0%
<00:20:37.270>it." <00:20:37.271>So <00:20:37.273>I <00:20:37.275>think <00:20:37.277>it's <00:20:37.279>also

00:20:37.280 --> 00:20:39.110 align:start position:0%
<00:20:37.280>it." <00:20:37.387>So <00:20:37.495>I <00:20:37.603>think <00:20:37.710>it's <00:20:37.818>also <00:20:37.926>looking <00:20:38.033>at <00:20:38.141>it <00:20:38.249>as <00:20:38.356>half <00:20:38.464>full <00:20:38.572>instead <00:20:38.680>of

00:20:39.110 --> 00:20:39.120 align:start position:0%
<00:20:39.110>looking <00:20:39.111>at <00:20:39.112>it <00:20:39.113>as <00:20:39.115>half <00:20:39.116>full <00:20:39.117>instead <00:20:39.119>of

00:20:39.120 --> 00:20:42.190 align:start position:0%
<00:20:39.120>looking <00:20:39.219>at <00:20:39.320>it <00:20:39.419>as <00:20:39.520>half <00:20:39.620>full <00:20:39.719>instead <00:20:39.820>of <00:20:39.919>half <00:20:40.020>empty <00:20:40.120>and <00:20:40.219>being <00:20:40.320>inspiring <00:20:40.419>by <00:20:40.520>it.

00:20:42.190 --> 00:20:42.200 align:start position:0%
<00:20:42.190>half <00:20:42.191>empty <00:20:42.193>and <00:20:42.194>being <00:20:42.196>inspiring <00:20:42.197>by <00:20:42.199>it.

00:20:42.200 --> 00:20:44.950 align:start position:0%
<00:20:42.200>half <00:20:42.293>empty <00:20:42.386>and <00:20:42.480>being <00:20:42.573>inspiring <00:20:42.666>by <00:20:42.760>it. <00:20:42.853>&gt;&gt; <00:20:42.946>So <00:20:43.040>does <00:20:43.133>uh <00:20:43.226>being <00:20:43.320>EU <00:20:43.413>EU <00:20:43.506>EU <00:20:43.600>compliant

00:20:44.950 --> 00:20:44.960 align:start position:0%
<00:20:44.950>&gt;&gt; <00:20:44.951>So <00:20:44.952>does <00:20:44.953>uh <00:20:44.954>being <00:20:44.955>EU <00:20:44.956>EU <00:20:44.957>EU <00:20:44.959>compliant

00:20:44.960 --> 00:20:47.190 align:start position:0%
<00:20:44.960>&gt;&gt; <00:20:45.053>So <00:20:45.146>does <00:20:45.240>uh <00:20:45.333>being <00:20:45.426>EU <00:20:45.520>EU <00:20:45.613>EU <00:20:45.706>compliant <00:20:45.800>helps <00:20:45.893>you <00:20:45.986>win <00:20:46.080>customers <00:20:46.173>in <00:20:46.266>the <00:20:46.360>end?

00:20:47.190 --> 00:20:47.200 align:start position:0%
<00:20:47.190>helps <00:20:47.191>you <00:20:47.193>win <00:20:47.194>customers <00:20:47.196>in <00:20:47.197>the <00:20:47.199>end?

00:20:47.200 --> 00:20:47.750 align:start position:0%
<00:20:47.200>helps <00:20:47.261>you <00:20:47.323>win <00:20:47.385>customers <00:20:47.447>in <00:20:47.509>the <00:20:47.571>end? <00:20:47.633>&gt;&gt; <00:20:47.695>Sorry?

00:20:47.750 --> 00:20:47.760 align:start position:0%
<00:20:47.750>&gt;&gt; <00:20:47.759>Sorry?

00:20:47.760 --> 00:20:50.510 align:start position:0%
<00:20:47.760>&gt;&gt; <00:20:47.900>Sorry? <00:20:48.040>&gt;&gt; <00:20:48.180>Being <00:20:48.320>EU <00:20:48.460>compliant <00:20:48.600>helps <00:20:48.740>you <00:20:48.879>to <00:20:49.020>be <00:20:49.160>to

00:20:50.510 --> 00:20:50.520 align:start position:0%
<00:20:50.510>&gt;&gt; <00:20:50.511>Being <00:20:50.512>EU <00:20:50.513>compliant <00:20:50.514>helps <00:20:50.515>you <00:20:50.516>to <00:20:50.517>be <00:20:50.519>to

00:20:50.520 --> 00:20:52.230 align:start position:0%
<00:20:50.520>&gt;&gt; <00:20:50.627>Being <00:20:50.735>EU <00:20:50.843>compliant <00:20:50.950>helps <00:20:51.058>you <00:20:51.166>to <00:20:51.273>be <00:20:51.381>to <00:20:51.489>win <00:20:51.596>customers <00:20:51.704>in <00:20:51.812>the <00:20:51.920>end?

00:20:52.230 --> 00:20:52.240 align:start position:0%
<00:20:52.230>win <00:20:52.232>customers <00:20:52.234>in <00:20:52.236>the <00:20:52.239>end?

00:20:52.240 --> 00:20:54.350 align:start position:0%
<00:20:52.240>win <00:20:52.356>customers <00:20:52.473>in <00:20:52.590>the <00:20:52.706>end? <00:20:52.823>&gt;&gt; <00:20:52.940>Yeah, <00:20:53.056>definitely. <00:20:53.173>Uh <00:20:53.290>we <00:20:53.406>definitely <00:20:53.523>see <00:20:53.640>a

00:20:54.350 --> 00:20:54.360 align:start position:0%
<00:20:54.350>&gt;&gt; <00:20:54.351>Yeah, <00:20:54.352>definitely. <00:20:54.353>Uh <00:20:54.355>we <00:20:54.356>definitely <00:20:54.357>see <00:20:54.359>a

00:20:54.360 --> 00:20:57.190 align:start position:0%
<00:20:54.360>&gt;&gt; <00:20:54.459>Yeah, <00:20:54.560>definitely. <00:20:54.659>Uh <00:20:54.760>we <00:20:54.860>definitely <00:20:54.959>see <00:20:55.060>a <00:20:55.159>positive <00:20:55.260>reaction <00:20:55.360>to <00:20:55.459>where <00:20:55.560>we <00:20:55.659>are <00:20:55.760>based.

00:20:57.190 --> 00:20:57.200 align:start position:0%
<00:20:57.190>positive <00:20:57.191>reaction <00:20:57.193>to <00:20:57.194>where <00:20:57.196>we <00:20:57.197>are <00:20:57.199>based.

00:20:57.200 --> 00:20:59.790 align:start position:0%
<00:20:57.200>positive <00:20:57.300>reaction <00:20:57.400>to <00:20:57.500>where <00:20:57.600>we <00:20:57.700>are <00:20:57.800>based. <00:20:57.900>Uh <00:20:58.000>what <00:20:58.100>we <00:20:58.200>also <00:20:58.300>see <00:20:58.400>really <00:20:58.500>quickly <00:20:58.600>is,

00:20:59.790 --> 00:20:59.800 align:start position:0%
<00:20:59.790>Uh <00:20:59.791>what <00:20:59.792>we <00:20:59.793>also <00:20:59.795>see <00:20:59.796>really <00:20:59.797>quickly <00:20:59.799>is,

00:20:59.800 --> 00:21:01.950 align:start position:0%
<00:20:59.800>Uh <00:20:59.893>what <00:20:59.986>we <00:21:00.080>also <00:21:00.173>see <00:21:00.266>really <00:21:00.360>quickly <00:21:00.453>is, <00:21:00.546>"Okay, <00:21:00.639>does <00:21:00.733>it <00:21:00.826>comply <00:21:00.919>with <00:21:01.013>the <00:21:01.106>AI <00:21:01.200>Act,

00:21:01.950 --> 00:21:01.960 align:start position:0%
<00:21:01.950>"Okay, <00:21:01.951>does <00:21:01.952>it <00:21:01.953>comply <00:21:01.955>with <00:21:01.956>the <00:21:01.957>AI <00:21:01.959>Act,

00:21:01.960 --> 00:21:04.830 align:start position:0%
<00:21:01.960>"Okay, <00:21:02.047>does <00:21:02.135>it <00:21:02.222>comply <00:21:02.310>with <00:21:02.397>the <00:21:02.485>AI <00:21:02.572>Act, <00:21:02.660>with <00:21:02.747>the <00:21:02.835>DSA <00:21:02.922>Act? <00:21:03.010>Can <00:21:03.097>this <00:21:03.185>tool <00:21:03.272>be <00:21:03.360>used

00:21:04.830 --> 00:21:04.840 align:start position:0%
<00:21:04.830>with <00:21:04.831>the <00:21:04.832>DSA <00:21:04.833>Act? <00:21:04.834>Can <00:21:04.835>this <00:21:04.836>tool <00:21:04.837>be <00:21:04.839>used

00:21:04.840 --> 00:21:08.030 align:start position:0%
<00:21:04.840>with <00:21:04.922>the <00:21:05.004>DSA <00:21:05.087>Act? <00:21:05.169>Can <00:21:05.251>this <00:21:05.334>tool <00:21:05.416>be <00:21:05.498>used <00:21:05.581>to <00:21:05.663>make <00:21:05.745>sure <00:21:05.828>that <00:21:05.910>we <00:21:05.992>live <00:21:06.075>up <00:21:06.157>to <00:21:06.240>the

00:21:08.030 --> 00:21:08.040 align:start position:0%
<00:21:08.030>to <00:21:08.031>make <00:21:08.032>sure <00:21:08.033>that <00:21:08.034>we <00:21:08.035>live <00:21:08.036>up <00:21:08.037>to <00:21:08.039>the

00:21:08.040 --> 00:21:09.550 align:start position:0%
<00:21:08.040>to <00:21:08.144>make <00:21:08.249>sure <00:21:08.353>that <00:21:08.458>we <00:21:08.562>live <00:21:08.667>up <00:21:08.771>to <00:21:08.876>the <00:21:08.980>rules <00:21:09.085>around <00:21:09.189>images <00:21:09.294>and <00:21:09.399>video

00:21:09.550 --> 00:21:09.560 align:start position:0%
<00:21:09.550>rules <00:21:09.552>around <00:21:09.554>images <00:21:09.556>and <00:21:09.559>video

00:21:09.560 --> 00:21:11.110 align:start position:0%
<00:21:09.560>rules <00:21:09.699>around <00:21:09.839>images <00:21:09.978>and <00:21:10.118>video <00:21:10.257>distribution <00:21:10.397>blah <00:21:10.536>blah <00:21:10.676>blah <00:21:10.815>from <00:21:10.955>our

00:21:11.110 --> 00:21:11.120 align:start position:0%
<00:21:11.110>distribution <00:21:11.111>blah <00:21:11.113>blah <00:21:11.115>blah <00:21:11.117>from <00:21:11.119>our

00:21:11.120 --> 00:21:12.190 align:start position:0%
<00:21:11.120>distribution <00:21:11.280>blah <00:21:11.441>blah <00:21:11.601>blah <00:21:11.762>from <00:21:11.922>our <00:21:12.083>users.

00:21:12.190 --> 00:21:12.200 align:start position:0%
users.

00:21:12.200 --> 00:21:14.110 align:start position:0%
<00:21:12.200>users. <00:21:12.375>Where <00:21:12.550>we <00:21:12.725>where <00:21:12.900>we <00:21:13.075>calmly <00:21:13.250>just <00:21:13.425>can <00:21:13.600>say,

00:21:14.110 --> 00:21:14.120 align:start position:0%
<00:21:14.110>Where <00:21:14.111>we <00:21:14.112>where <00:21:14.113>we <00:21:14.115>calmly <00:21:14.116>just <00:21:14.117>can <00:21:14.119>say,

00:21:14.120 --> 00:21:17.310 align:start position:0%
<00:21:14.120>Where <00:21:14.236>we <00:21:14.353>where <00:21:14.469>we <00:21:14.586>calmly <00:21:14.703>just <00:21:14.820>can <00:21:14.936>say, <00:21:15.053>"Yeah, <00:21:15.169>it <00:21:15.286>can." <00:21:15.403>And <00:21:15.520>we

00:21:17.310 --> 00:21:17.320 align:start position:0%
<00:21:17.310>"Yeah, <00:21:17.312>it <00:21:17.314>can." <00:21:17.316>And <00:21:17.319>we

00:21:17.320 --> 00:21:19.670 align:start position:0%
<00:21:17.320>"Yeah, <00:21:17.447>it <00:21:17.574>can." <00:21:17.701>And <00:21:17.829>we <00:21:17.956>also <00:21:18.083>experienced <00:21:18.210>a <00:21:18.338>lot <00:21:18.465>of <00:21:18.592>interest <00:21:18.720>from

00:21:19.670 --> 00:21:19.680 align:start position:0%
<00:21:19.670>also <00:21:19.671>experienced <00:21:19.673>a <00:21:19.674>lot <00:21:19.676>of <00:21:19.677>interest <00:21:19.679>from

00:21:19.680 --> 00:21:21.590 align:start position:0%
<00:21:19.680>also <00:21:19.855>experienced <00:21:20.030>a <00:21:20.205>lot <00:21:20.380>of <00:21:20.555>interest <00:21:20.730>from <00:21:20.905>politicians <00:21:21.080>because

00:21:21.590 --> 00:21:21.600 align:start position:0%
<00:21:21.590>politicians <00:21:21.599>because

00:21:21.600 --> 00:21:24.230 align:start position:0%
<00:21:21.600>politicians <00:21:21.774>because <00:21:21.949>making <00:21:22.125>a <00:21:22.300>product <00:21:22.475>that <00:21:22.649>actually <00:21:22.824>lives <00:21:23.000>up

00:21:24.230 --> 00:21:24.240 align:start position:0%
<00:21:24.230>making <00:21:24.231>a <00:21:24.233>product <00:21:24.234>that <00:21:24.236>actually <00:21:24.237>lives <00:21:24.239>up

00:21:24.240 --> 00:21:27.030 align:start position:0%
<00:21:24.240>making <00:21:24.340>a <00:21:24.440>product <00:21:24.540>that <00:21:24.640>actually <00:21:24.740>lives <00:21:24.840>up <00:21:24.940>to <00:21:25.040>our <00:21:25.140>values <00:21:25.240>is <00:21:25.340>really <00:21:25.440>really <00:21:25.540>hard. <00:21:25.640>But

00:21:27.030 --> 00:21:27.040 align:start position:0%
<00:21:27.030>to <00:21:27.031>our <00:21:27.032>values <00:21:27.033>is <00:21:27.035>really <00:21:27.036>really <00:21:27.037>hard. <00:21:27.039>But

00:21:27.040 --> 00:21:31.470 align:start position:0%
<00:21:27.040>to <00:21:27.127>our <00:21:27.215>values <00:21:27.302>is <00:21:27.389>really <00:21:27.477>really <00:21:27.565>hard. <00:21:27.652>But <00:21:27.740>when <00:21:27.827>you <00:21:27.915>do <00:21:28.002>it, <00:21:28.090>my <00:21:28.177>feeling <00:21:28.264>at <00:21:28.352>least <00:21:28.440>is

00:21:31.470 --> 00:21:31.480 align:start position:0%
<00:21:31.470>when <00:21:31.471>you <00:21:31.472>do <00:21:31.473>it, <00:21:31.474>my <00:21:31.475>feeling <00:21:31.476>at <00:21:31.477>least <00:21:31.479>is

00:21:31.480 --> 00:21:33.150 align:start position:0%
<00:21:31.480>when <00:21:31.596>you <00:21:31.713>do <00:21:31.830>it, <00:21:31.946>my <00:21:32.063>feeling <00:21:32.180>at <00:21:32.296>least <00:21:32.413>is <00:21:32.530>every <00:21:32.646>country <00:21:32.763>we're <00:21:32.880>in,

00:21:33.150 --> 00:21:33.160 align:start position:0%
<00:21:33.150>every <00:21:33.153>country <00:21:33.156>we're <00:21:33.159>in,

00:21:33.160 --> 00:21:36.190 align:start position:0%
<00:21:33.160>every <00:21:33.315>country <00:21:33.471>we're <00:21:33.626>in, <00:21:33.782>all <00:21:33.937>politicians <00:21:34.093>and <00:21:34.248>companies <00:21:34.404>open <00:21:34.560>open

00:21:36.190 --> 00:21:36.200 align:start position:0%
<00:21:36.190>all <00:21:36.191>politicians <00:21:36.193>and <00:21:36.195>companies <00:21:36.197>open <00:21:36.199>open

00:21:36.200 --> 00:21:38.430 align:start position:0%
<00:21:36.200>all <00:21:36.340>politicians <00:21:36.480>and <00:21:36.620>companies <00:21:36.760>open <00:21:36.900>open <00:21:37.040>their <00:21:37.180>arms <00:21:37.320>towards <00:21:37.460>us <00:21:37.600>because

00:21:38.430 --> 00:21:38.440 align:start position:0%
<00:21:38.430>their <00:21:38.432>arms <00:21:38.434>towards <00:21:38.436>us <00:21:38.439>because

00:21:38.440 --> 00:21:40.150 align:start position:0%
<00:21:38.440>their <00:21:38.540>arms <00:21:38.640>towards <00:21:38.740>us <00:21:38.840>because <00:21:38.940>it <00:21:39.040>was <00:21:39.140>hard, <00:21:39.240>but <00:21:39.340>you <00:21:39.440>can <00:21:39.540>do <00:21:39.640>it <00:21:39.740>and <00:21:39.840>it's

00:21:40.150 --> 00:21:40.160 align:start position:0%
<00:21:40.150>it <00:21:40.151>was <00:21:40.152>hard, <00:21:40.153>but <00:21:40.154>you <00:21:40.155>can <00:21:40.156>do <00:21:40.157>it <00:21:40.158>and <00:21:40.159>it's

00:21:40.160 --> 00:21:42.230 align:start position:0%
<00:21:40.160>it <00:21:40.242>was <00:21:40.324>hard, <00:21:40.407>but <00:21:40.489>you <00:21:40.571>can <00:21:40.654>do <00:21:40.736>it <00:21:40.818>and <00:21:40.901>it's <00:21:40.983>a <00:21:41.065>good <00:21:41.148>example <00:21:41.230>of <00:21:41.312>the <00:21:41.395>benefits <00:21:41.477>you <00:21:41.560>get

00:21:42.230 --> 00:21:42.240 align:start position:0%
<00:21:42.230>a <00:21:42.231>good <00:21:42.232>example <00:21:42.233>of <00:21:42.235>the <00:21:42.236>benefits <00:21:42.237>you <00:21:42.239>get

00:21:42.240 --> 00:21:44.550 align:start position:0%
<00:21:42.240>a <00:21:42.356>good <00:21:42.473>example <00:21:42.590>of <00:21:42.706>the <00:21:42.823>benefits <00:21:42.940>you <00:21:43.056>get <00:21:43.173>out <00:21:43.290>of <00:21:43.406>that <00:21:43.523>value <00:21:43.640>set.

00:21:44.550 --> 00:21:44.560 align:start position:0%
<00:21:44.550>out <00:21:44.552>of <00:21:44.554>that <00:21:44.556>value <00:21:44.559>set.

00:21:44.560 --> 00:21:46.870 align:start position:0%
<00:21:44.560>out <00:21:44.676>of <00:21:44.793>that <00:21:44.909>value <00:21:45.026>set. <00:21:45.143>&gt;&gt; <00:21:45.260>Andreas, <00:21:45.376>you <00:21:45.493>lived <00:21:45.610>in <00:21:45.726>the <00:21:45.843>US <00:21:45.960>you

00:21:46.870 --> 00:21:46.880 align:start position:0%
<00:21:46.870>&gt;&gt; <00:21:46.871>Andreas, <00:21:46.872>you <00:21:46.873>lived <00:21:46.875>in <00:21:46.876>the <00:21:46.877>US <00:21:46.879>you

00:21:46.880 --> 00:21:49.350 align:start position:0%
<00:21:46.880>&gt;&gt; <00:21:46.980>Andreas, <00:21:47.080>you <00:21:47.180>lived <00:21:47.280>in <00:21:47.380>the <00:21:47.480>US <00:21:47.580>you <00:21:47.680>you <00:21:47.780>said. <00:21:47.880>How <00:21:47.980>did <00:21:48.080>they <00:21:48.180>experience <00:21:48.280>the

00:21:49.350 --> 00:21:49.360 align:start position:0%
<00:21:49.350>you <00:21:49.351>said. <00:21:49.352>How <00:21:49.354>did <00:21:49.356>they <00:21:49.357>experience <00:21:49.359>the

00:21:49.360 --> 00:21:50.710 align:start position:0%
<00:21:49.360>you <00:21:49.533>said. <00:21:49.707>How <00:21:49.880>did <00:21:50.054>they <00:21:50.227>experience <00:21:50.401>the <00:21:50.575>European

00:21:50.710 --> 00:21:50.720 align:start position:0%
European

00:21:50.720 --> 00:21:55.310 align:start position:0%
<00:21:50.720>European <00:21:52.120>regulation?

00:21:55.320 --> 00:21:58.910 align:start position:0%
<00:21:55.320>&gt;&gt; <00:21:55.475>Not <00:21:55.631>well. <00:21:55.786>How <00:21:55.942>do <00:21:56.097>I <00:21:56.253>say <00:21:56.408>this <00:21:56.564>nicely? <00:21:56.720>So,

00:21:58.910 --> 00:21:58.920 align:start position:0%
<00:21:58.910>&gt;&gt; <00:21:58.911>Not <00:21:58.912>well. <00:21:58.913>How <00:21:58.914>do <00:21:58.915>I <00:21:58.916>say <00:21:58.917>this <00:21:58.918>nicely? <00:21:58.919>So,

00:21:58.920 --> 00:22:00.870 align:start position:0%
<00:21:58.920>&gt;&gt; <00:21:59.007>Not <00:21:59.095>well. <00:21:59.182>How <00:21:59.270>do <00:21:59.357>I <00:21:59.445>say <00:21:59.532>this <00:21:59.620>nicely? <00:21:59.707>So, <00:21:59.795>I <00:21:59.882>was <00:21:59.970>CTO <00:22:00.057>in <00:22:00.145>multiple <00:22:00.232>San <00:22:00.320>Francisco

00:22:00.870 --> 00:22:00.880 align:start position:0%
<00:22:00.870>I <00:22:00.871>was <00:22:00.873>CTO <00:22:00.874>in <00:22:00.876>multiple <00:22:00.877>San <00:22:00.879>Francisco

00:22:00.880 --> 00:22:03.190 align:start position:0%
<00:22:00.880>I <00:22:00.996>was <00:22:01.113>CTO <00:22:01.230>in <00:22:01.346>multiple <00:22:01.463>San <00:22:01.580>Francisco <00:22:01.696>companies. <00:22:01.813>So, <00:22:01.930>Product <00:22:02.046>Hunt <00:22:02.163>if <00:22:02.280>anybody

00:22:03.190 --> 00:22:03.200 align:start position:0%
<00:22:03.190>companies. <00:22:03.191>So, <00:22:03.193>Product <00:22:03.195>Hunt <00:22:03.197>if <00:22:03.199>anybody

00:22:03.200 --> 00:22:04.910 align:start position:0%
<00:22:03.200>companies. <00:22:03.316>So, <00:22:03.433>Product <00:22:03.550>Hunt <00:22:03.666>if <00:22:03.783>anybody <00:22:03.900>knows <00:22:04.016>this <00:22:04.133>here <00:22:04.250>was <00:22:04.366>founding <00:22:04.483>team <00:22:04.600>and

00:22:04.910 --> 00:22:04.920 align:start position:0%
<00:22:04.910>knows <00:22:04.911>this <00:22:04.913>here <00:22:04.914>was <00:22:04.916>founding <00:22:04.917>team <00:22:04.919>and

00:22:04.920 --> 00:22:08.190 align:start position:0%
<00:22:04.920>knows <00:22:05.027>this <00:22:05.135>here <00:22:05.243>was <00:22:05.350>founding <00:22:05.458>team <00:22:05.566>and <00:22:05.673>CTO <00:22:05.781>there, <00:22:05.889>AngelList, <00:22:05.996>and <00:22:06.104>a <00:22:06.212>few <00:22:06.320>others.

00:22:08.190 --> 00:22:08.200 align:start position:0%
<00:22:08.190>CTO <00:22:08.191>there, <00:22:08.193>AngelList, <00:22:08.194>and <00:22:08.196>a <00:22:08.197>few <00:22:08.199>others.

00:22:08.200 --> 00:22:10.030 align:start position:0%
<00:22:08.200>CTO <00:22:08.300>there, <00:22:08.400>AngelList, <00:22:08.500>and <00:22:08.600>a <00:22:08.700>few <00:22:08.800>others. <00:22:08.900>The <00:22:09.000>typical <00:22:09.100>thing <00:22:09.200>is <00:22:09.300>if <00:22:09.400>we <00:22:09.500>found <00:22:09.600>out

00:22:10.030 --> 00:22:10.040 align:start position:0%
<00:22:10.030>The <00:22:10.031>typical <00:22:10.032>thing <00:22:10.033>is <00:22:10.035>if <00:22:10.036>we <00:22:10.037>found <00:22:10.039>out

00:22:10.040 --> 00:22:12.470 align:start position:0%
<00:22:10.040>The <00:22:10.156>typical <00:22:10.273>thing <00:22:10.389>is <00:22:10.506>if <00:22:10.623>we <00:22:10.740>found <00:22:10.856>out <00:22:10.973>that <00:22:11.090>something <00:22:11.206>wasn't <00:22:11.323>compliant <00:22:11.440>with

00:22:12.470 --> 00:22:12.480 align:start position:0%
<00:22:12.470>that <00:22:12.472>something <00:22:12.474>wasn't <00:22:12.476>compliant <00:22:12.479>with

00:22:12.480 --> 00:22:14.630 align:start position:0%
<00:22:12.480>that <00:22:12.655>something <00:22:12.830>wasn't <00:22:13.005>compliant <00:22:13.180>with <00:22:13.355>European <00:22:13.530>whatever, <00:22:13.705>especially <00:22:13.880>German,

00:22:14.630 --> 00:22:14.640 align:start position:0%
<00:22:14.630>European <00:22:14.633>whatever, <00:22:14.636>especially <00:22:14.639>German,

00:22:14.640 --> 00:22:16.590 align:start position:0%
<00:22:14.640>European <00:22:14.795>whatever, <00:22:14.951>especially <00:22:15.106>German, <00:22:15.262>because <00:22:15.417>outside <00:22:15.573>of <00:22:15.728>Germany <00:22:15.884>nobody <00:22:16.040>sues

00:22:16.590 --> 00:22:16.600 align:start position:0%
<00:22:16.590>because <00:22:16.591>outside <00:22:16.593>of <00:22:16.595>Germany <00:22:16.597>nobody <00:22:16.599>sues

00:22:16.600 --> 00:22:17.870 align:start position:0%
<00:22:16.600>because <00:22:16.742>outside <00:22:16.885>of <00:22:17.028>Germany <00:22:17.171>nobody <00:22:17.314>sues <00:22:17.457>for <00:22:17.600>that <00:22:17.743>reasons,

00:22:17.870 --> 00:22:17.880 align:start position:0%
<00:22:17.870>for <00:22:17.874>that <00:22:17.879>reasons,

00:22:17.880 --> 00:22:20.630 align:start position:0%
<00:22:17.880>for <00:22:18.020>that <00:22:18.160>reasons, <00:22:18.300>we <00:22:18.440>blocked <00:22:18.580>usually <00:22:18.720>just <00:22:18.860>the <00:22:19.000>IP <00:22:19.140>range <00:22:19.280>and

00:22:20.630 --> 00:22:20.640 align:start position:0%
<00:22:20.630>we <00:22:20.631>blocked <00:22:20.632>usually <00:22:20.633>just <00:22:20.635>the <00:22:20.636>IP <00:22:20.637>range <00:22:20.639>and

00:22:20.640 --> 00:22:22.950 align:start position:0%
<00:22:20.640>we <00:22:20.747>blocked <00:22:20.855>usually <00:22:20.963>just <00:22:21.070>the <00:22:21.178>IP <00:22:21.286>range <00:22:21.393>and <00:22:21.501>like <00:22:21.609>delayed <00:22:21.716>the <00:22:21.824>problem <00:22:21.932>for <00:22:22.040>later.

00:22:22.950 --> 00:22:22.960 align:start position:0%
<00:22:22.950>like <00:22:22.951>delayed <00:22:22.953>the <00:22:22.955>problem <00:22:22.957>for <00:22:22.959>later.

00:22:22.960 --> 00:22:25.830 align:start position:0%
<00:22:22.960>like <00:22:23.076>delayed <00:22:23.193>the <00:22:23.310>problem <00:22:23.426>for <00:22:23.543>later. <00:22:23.660>Which <00:22:23.776>usually <00:22:23.893>was <00:22:24.010>never. <00:22:24.126>And <00:22:24.243>that <00:22:24.360>was

00:22:25.830 --> 00:22:25.840 align:start position:0%
<00:22:25.830>Which <00:22:25.831>usually <00:22:25.832>was <00:22:25.834>never. <00:22:25.836>And <00:22:25.837>that <00:22:25.839>was

00:22:25.840 --> 00:22:27.870 align:start position:0%
<00:22:25.840>Which <00:22:25.967>usually <00:22:26.094>was <00:22:26.221>never. <00:22:26.349>And <00:22:26.476>that <00:22:26.603>was <00:22:26.730>speaking <00:22:26.858>me <00:22:26.985>as <00:22:27.112>a <00:22:27.240>European.

00:22:27.870 --> 00:22:27.880 align:start position:0%
<00:22:27.870>speaking <00:22:27.872>me <00:22:27.874>as <00:22:27.876>a <00:22:27.879>European.

00:22:27.880 --> 00:22:30.510 align:start position:0%
<00:22:27.880>speaking <00:22:28.007>me <00:22:28.134>as <00:22:28.261>a <00:22:28.389>European. <00:22:28.516>Because <00:22:28.643>in <00:22:28.770>many <00:22:28.898>cases <00:22:29.025>when <00:22:29.152>you <00:22:29.280>early

00:22:30.510 --> 00:22:30.520 align:start position:0%
<00:22:30.510>Because <00:22:30.511>in <00:22:30.513>many <00:22:30.514>cases <00:22:30.516>when <00:22:30.517>you <00:22:30.519>early

00:22:30.520 --> 00:22:33.310 align:start position:0%
<00:22:30.520>Because <00:22:30.636>in <00:22:30.753>many <00:22:30.870>cases <00:22:30.986>when <00:22:31.103>you <00:22:31.220>early <00:22:31.336>when <00:22:31.453>you <00:22:31.570>iterate <00:22:31.686>quickly, <00:22:31.803>your <00:22:31.920>biggest

00:22:33.310 --> 00:22:33.320 align:start position:0%
<00:22:33.310>when <00:22:33.311>you <00:22:33.313>iterate <00:22:33.315>quickly, <00:22:33.317>your <00:22:33.319>biggest

00:22:33.320 --> 00:22:35.590 align:start position:0%
<00:22:33.320>when <00:22:33.447>you <00:22:33.574>iterate <00:22:33.701>quickly, <00:22:33.829>your <00:22:33.956>biggest <00:22:34.083>headache <00:22:34.210>shouldn't <00:22:34.338>be <00:22:34.465>filling <00:22:34.592>out <00:22:34.720>what

00:22:35.590 --> 00:22:35.600 align:start position:0%
<00:22:35.590>headache <00:22:35.591>shouldn't <00:22:35.593>be <00:22:35.595>filling <00:22:35.597>out <00:22:35.599>what

00:22:35.600 --> 00:22:37.870 align:start position:0%
<00:22:35.600>headache <00:22:35.727>shouldn't <00:22:35.854>be <00:22:35.981>filling <00:22:36.109>out <00:22:36.236>what <00:22:36.363>compliance <00:22:36.490>and <00:22:36.618>whatever, <00:22:36.745>you <00:22:36.872>know, <00:22:37.000>as

00:22:37.870 --> 00:22:37.880 align:start position:0%
<00:22:37.870>compliance <00:22:37.871>and <00:22:37.873>whatever, <00:22:37.875>you <00:22:37.877>know, <00:22:37.879>as

00:22:37.880 --> 00:22:39.950 align:start position:0%
<00:22:37.880>compliance <00:22:37.987>and <00:22:38.095>whatever, <00:22:38.203>you <00:22:38.310>know, <00:22:38.418>as <00:22:38.526>long <00:22:38.633>as <00:22:38.741>you <00:22:38.849>are <00:22:38.956>within <00:22:39.064>the <00:22:39.172>spirit <00:22:39.280>of

00:22:39.950 --> 00:22:39.960 align:start position:0%
<00:22:39.950>long <00:22:39.951>as <00:22:39.952>you <00:22:39.953>are <00:22:39.955>within <00:22:39.956>the <00:22:39.957>spirit <00:22:39.959>of

00:22:39.960 --> 00:22:40.910 align:start position:0%
<00:22:39.960>long <00:22:40.066>as <00:22:40.173>you <00:22:40.280>are <00:22:40.387>within <00:22:40.494>the <00:22:40.601>spirit <00:22:40.708>of <00:22:40.815>like

00:22:40.910 --> 00:22:40.920 align:start position:0%
like

00:22:40.920 --> 00:22:43.190 align:start position:0%
<00:22:40.920>like <00:22:41.270>rights <00:22:41.620>essentially, <00:22:41.970>you <00:22:42.320>know.

00:22:43.190 --> 00:22:43.200 align:start position:0%
<00:22:43.190>rights <00:22:43.193>essentially, <00:22:43.196>you <00:22:43.199>know.

00:22:43.200 --> 00:22:45.470 align:start position:0%
<00:22:43.200>rights <00:22:43.480>essentially, <00:22:43.760>you <00:22:44.040>know. <00:22:44.320>So <00:22:44.600>so

00:22:45.470 --> 00:22:45.480 align:start position:0%
<00:22:45.470>So <00:22:45.479>so

00:22:45.480 --> 00:22:47.990 align:start position:0%
<00:22:45.480>So <00:22:45.620>so <00:22:45.760>I <00:22:45.900>think <00:22:46.040>the <00:22:46.180>the <00:22:46.320>T <00:22:46.460>the <00:22:46.600>default <00:22:46.740>POV <00:22:46.880>on

00:22:47.990 --> 00:22:48.000 align:start position:0%
<00:22:47.990>I <00:22:47.991>think <00:22:47.992>the <00:22:47.993>the <00:22:47.994>T <00:22:47.995>the <00:22:47.996>default <00:22:47.997>POV <00:22:47.999>on

00:22:48.000 --> 00:22:50.550 align:start position:0%
<00:22:48.000>I <00:22:48.100>think <00:22:48.200>the <00:22:48.300>the <00:22:48.400>T <00:22:48.500>the <00:22:48.600>default <00:22:48.700>POV <00:22:48.800>on <00:22:48.900>European <00:22:49.000>regulation <00:22:49.100>used <00:22:49.200>to <00:22:49.300>be <00:22:49.400>let's

00:22:50.550 --> 00:22:50.560 align:start position:0%
<00:22:50.550>European <00:22:50.551>regulation <00:22:50.553>used <00:22:50.555>to <00:22:50.557>be <00:22:50.559>let's

00:22:50.560 --> 00:22:52.070 align:start position:0%
<00:22:50.560>European <00:22:50.664>regulation <00:22:50.769>used <00:22:50.873>to <00:22:50.978>be <00:22:51.082>let's <00:22:51.187>just <00:22:51.291>block <00:22:51.396>the <00:22:51.500>IP <00:22:51.605>range <00:22:51.709>if <00:22:51.814>it's <00:22:51.918>a

00:22:52.070 --> 00:22:52.080 align:start position:0%
<00:22:52.070>just <00:22:52.071>block <00:22:52.072>the <00:22:52.073>IP <00:22:52.075>range <00:22:52.076>if <00:22:52.077>it's <00:22:52.079>a

00:22:52.080 --> 00:22:54.430 align:start position:0%
<00:22:52.080>just <00:22:52.167>block <00:22:52.254>the <00:22:52.342>IP <00:22:52.429>range <00:22:52.517>if <00:22:52.605>it's <00:22:52.692>a <00:22:52.780>problem <00:22:52.867>and <00:22:52.955>I <00:22:53.042>did <00:22:53.129>the <00:22:53.217>same. <00:22:53.304>And <00:22:53.392>I <00:22:53.480>think

00:22:54.430 --> 00:22:54.440 align:start position:0%
<00:22:54.430>problem <00:22:54.431>and <00:22:54.432>I <00:22:54.433>did <00:22:54.434>the <00:22:54.435>same. <00:22:54.436>And <00:22:54.437>I <00:22:54.439>think

00:22:54.440 --> 00:22:57.350 align:start position:0%
<00:22:54.440>problem <00:22:54.527>and <00:22:54.615>I <00:22:54.702>did <00:22:54.790>the <00:22:54.877>same. <00:22:54.965>And <00:22:55.052>I <00:22:55.140>think <00:22:55.227>the <00:22:55.315>modern <00:22:55.402>POV <00:22:55.490>on <00:22:55.577>it <00:22:55.665>is <00:22:55.752>like <00:22:55.840>great

00:22:57.350 --> 00:22:57.360 align:start position:0%
<00:22:57.350>the <00:22:57.351>modern <00:22:57.352>POV <00:22:57.353>on <00:22:57.355>it <00:22:57.356>is <00:22:57.357>like <00:22:57.359>great

00:22:57.360 --> 00:22:59.030 align:start position:0%
<00:22:57.360>the <00:22:57.453>modern <00:22:57.546>POV <00:22:57.639>on <00:22:57.733>it <00:22:57.826>is <00:22:57.919>like <00:22:58.013>great <00:22:58.106>because <00:22:58.199>then <00:22:58.293>all <00:22:58.386>of <00:22:58.479>the <00:22:58.573>talent <00:22:58.666>moves <00:22:58.760>to

00:22:59.030 --> 00:22:59.040 align:start position:0%
<00:22:59.030>because <00:22:59.031>then <00:22:59.032>all <00:22:59.033>of <00:22:59.035>the <00:22:59.036>talent <00:22:59.037>moves <00:22:59.039>to

00:22:59.040 --> 00:23:00.190 align:start position:0%
<00:22:59.040>because <00:22:59.155>then <00:22:59.270>all <00:22:59.385>of <00:22:59.500>the <00:22:59.615>talent <00:22:59.730>moves <00:22:59.845>to <00:22:59.960>the <00:23:00.075>US.

00:23:00.190 --> 00:23:00.200 align:start position:0%
<00:23:00.190>the <00:23:00.199>US.

00:23:00.200 --> 00:23:02.790 align:start position:0%
<00:23:00.200>the <00:23:00.355>US. <00:23:00.511>And <00:23:00.666>I <00:23:00.822>have <00:23:00.977>multiple <00:23:01.133>like <00:23:01.288>friends <00:23:01.444>of <00:23:01.600>mine

00:23:02.790 --> 00:23:02.800 align:start position:0%
<00:23:02.790>And <00:23:02.791>I <00:23:02.792>have <00:23:02.793>multiple <00:23:02.795>like <00:23:02.796>friends <00:23:02.797>of <00:23:02.799>mine

00:23:02.800 --> 00:23:03.630 align:start position:0%
<00:23:02.800>And <00:23:02.893>I <00:23:02.986>have <00:23:03.080>multiple <00:23:03.173>like <00:23:03.266>friends <00:23:03.360>of <00:23:03.453>mine <00:23:03.547>who

00:23:03.630 --> 00:23:03.640 align:start position:0%
who

00:23:03.640 --> 00:23:05.910 align:start position:0%
<00:23:03.640>who <00:23:03.990>start <00:23:04.340>companies <00:23:04.690>in <00:23:05.040>America.

00:23:05.910 --> 00:23:05.920 align:start position:0%
<00:23:05.910>start <00:23:05.913>companies <00:23:05.916>in <00:23:05.919>America.

00:23:05.920 --> 00:23:08.350 align:start position:0%
<00:23:05.920>start <00:23:06.036>companies <00:23:06.153>in <00:23:06.270>America. <00:23:06.386>One <00:23:06.503>of <00:23:06.620>them <00:23:06.736>said <00:23:06.853>he <00:23:06.970>loves <00:23:07.086>Europe. <00:23:07.203>It's <00:23:07.320>a

00:23:08.350 --> 00:23:08.360 align:start position:0%
<00:23:08.350>One <00:23:08.351>of <00:23:08.352>them <00:23:08.353>said <00:23:08.354>he <00:23:08.355>loves <00:23:08.356>Europe. <00:23:08.357>It's <00:23:08.359>a

00:23:08.360 --> 00:23:11.430 align:start position:0%
<00:23:08.360>One <00:23:08.442>of <00:23:08.524>them <00:23:08.607>said <00:23:08.689>he <00:23:08.771>loves <00:23:08.854>Europe. <00:23:08.936>It's <00:23:09.018>a <00:23:09.101>great <00:23:09.183>place <00:23:09.265>for <00:23:09.348>O1s <00:23:09.430>and <00:23:09.512>O1 <00:23:09.595>is <00:23:09.677>a <00:23:09.760>work

00:23:11.430 --> 00:23:11.440 align:start position:0%
<00:23:11.430>great <00:23:11.431>place <00:23:11.432>for <00:23:11.433>O1s <00:23:11.434>and <00:23:11.435>O1 <00:23:11.436>is <00:23:11.437>a <00:23:11.439>work

00:23:11.440 --> 00:23:13.110 align:start position:0%
<00:23:11.440>great <00:23:11.556>place <00:23:11.673>for <00:23:11.790>O1s <00:23:11.906>and <00:23:12.023>O1 <00:23:12.140>is <00:23:12.256>a <00:23:12.373>work <00:23:12.490>visa <00:23:12.606>for <00:23:12.723>the <00:23:12.840>US.

00:23:13.110 --> 00:23:13.120 align:start position:0%
<00:23:13.110>visa <00:23:13.112>for <00:23:13.116>the <00:23:13.119>US.

00:23:13.120 --> 00:23:16.190 align:start position:0%
<00:23:13.120>visa <00:23:13.247>for <00:23:13.374>the <00:23:13.501>US. <00:23:13.629>And <00:23:13.756>another <00:23:13.883>one <00:23:14.010>said <00:23:14.138>when <00:23:14.265>I <00:23:14.392>started <00:23:14.520>my

00:23:16.190 --> 00:23:16.200 align:start position:0%
<00:23:16.190>And <00:23:16.191>another <00:23:16.192>one <00:23:16.193>said <00:23:16.195>when <00:23:16.196>I <00:23:16.197>started <00:23:16.199>my

00:23:16.200 --> 00:23:18.110 align:start position:0%
<00:23:16.200>And <00:23:16.287>another <00:23:16.375>one <00:23:16.462>said <00:23:16.550>when <00:23:16.637>I <00:23:16.725>started <00:23:16.812>my <00:23:16.900>new <00:23:16.987>fund <00:23:17.075>and <00:23:17.162>my <00:23:17.250>new <00:23:17.337>fund <00:23:17.425>is <00:23:17.512>only <00:23:17.600>focused

00:23:18.110 --> 00:23:18.120 align:start position:0%
<00:23:18.110>new <00:23:18.111>fund <00:23:18.112>and <00:23:18.113>my <00:23:18.114>new <00:23:18.115>fund <00:23:18.116>is <00:23:18.117>only <00:23:18.119>focused

00:23:18.120 --> 00:23:20.630 align:start position:0%
<00:23:18.120>new <00:23:18.236>fund <00:23:18.353>and <00:23:18.469>my <00:23:18.586>new <00:23:18.703>fund <00:23:18.820>is <00:23:18.936>only <00:23:19.053>focused <00:23:19.169>on <00:23:19.286>European <00:23:19.403>automation, <00:23:19.520>industrial

00:23:20.630 --> 00:23:20.640 align:start position:0%
<00:23:20.630>on <00:23:20.633>European <00:23:20.636>automation, <00:23:20.639>industrial

00:23:20.640 --> 00:23:22.430 align:start position:0%
<00:23:20.640>on <00:23:20.756>European <00:23:20.873>automation, <00:23:20.990>industrial <00:23:21.106>robotics <00:23:21.223>and <00:23:21.340>so <00:23:21.456>on <00:23:21.573>and <00:23:21.690>so <00:23:21.806>on. <00:23:21.923>He <00:23:22.040>said

00:23:22.430 --> 00:23:22.440 align:start position:0%
<00:23:22.430>robotics <00:23:22.431>and <00:23:22.432>so <00:23:22.433>on <00:23:22.434>and <00:23:22.435>so <00:23:22.436>on. <00:23:22.437>He <00:23:22.439>said

00:23:22.440 --> 00:23:23.910 align:start position:0%
<00:23:22.440>robotics <00:23:22.560>and <00:23:22.680>so <00:23:22.800>on <00:23:22.921>and <00:23:23.041>so <00:23:23.161>on. <00:23:23.281>He <00:23:23.402>said <00:23:23.522>like <00:23:23.642>loves <00:23:23.763>it,

00:23:23.910 --> 00:23:23.920 align:start position:0%
<00:23:23.910>like <00:23:23.914>loves <00:23:23.919>it,

00:23:23.920 --> 00:23:25.270 align:start position:0%
<00:23:23.920>like <00:23:24.041>loves <00:23:24.163>it, <00:23:24.284>wishes <00:23:24.406>me <00:23:24.527>all <00:23:24.649>luck, <00:23:24.770>but <00:23:24.892>he <00:23:25.013>doesn't <00:23:25.135>do

00:23:25.270 --> 00:23:25.280 align:start position:0%
<00:23:25.270>wishes <00:23:25.271>me <00:23:25.272>all <00:23:25.273>luck, <00:23:25.275>but <00:23:25.276>he <00:23:25.277>doesn't <00:23:25.279>do

00:23:25.280 --> 00:23:28.430 align:start position:0%
<00:23:25.280>wishes <00:23:25.420>me <00:23:25.560>all <00:23:25.700>luck, <00:23:25.840>but <00:23:25.980>he <00:23:26.120>doesn't <00:23:26.260>do <00:23:26.399>economic <00:23:26.540>development. <00:23:26.680>So

00:23:28.430 --> 00:23:28.440 align:start position:0%
<00:23:28.430>economic <00:23:28.434>development. <00:23:28.439>So

00:23:28.440 --> 00:23:30.870 align:start position:0%
<00:23:28.440>economic <00:23:28.615>development. <00:23:28.790>So <00:23:28.965>I <00:23:29.140>think <00:23:29.315>right <00:23:29.490>now <00:23:29.665>Americans <00:23:29.840>celebrate

00:23:30.870 --> 00:23:30.880 align:start position:0%
<00:23:30.870>I <00:23:30.871>think <00:23:30.873>right <00:23:30.875>now <00:23:30.877>Americans <00:23:30.879>celebrate

00:23:30.880 --> 00:23:32.590 align:start position:0%
<00:23:30.880>I <00:23:31.020>think <00:23:31.160>right <00:23:31.300>now <00:23:31.440>Americans <00:23:31.580>celebrate <00:23:31.720>that <00:23:31.860>we <00:23:32.000>are <00:23:32.140>basically <00:23:32.280>chastising

00:23:32.590 --> 00:23:32.600 align:start position:0%
<00:23:32.590>that <00:23:32.592>we <00:23:32.594>are <00:23:32.596>basically <00:23:32.599>chastising

00:23:32.600 --> 00:23:34.110 align:start position:0%
<00:23:32.600>that <00:23:32.871>we <00:23:33.143>are <00:23:33.415>basically <00:23:33.687>chastising <00:23:33.958>ourselves

00:23:34.110 --> 00:23:34.120 align:start position:0%
ourselves

00:23:34.120 --> 00:23:36.830 align:start position:0%
<00:23:34.120>ourselves <00:23:34.320>and <00:23:34.520>making <00:23:34.719>our <00:23:34.919>ourselves <00:23:35.120>the <00:23:35.320>life <00:23:35.520>really

00:23:36.830 --> 00:23:36.840 align:start position:0%
<00:23:36.830>and <00:23:36.831>making <00:23:36.832>our <00:23:36.834>ourselves <00:23:36.836>the <00:23:36.837>life <00:23:36.839>really

00:23:36.840 --> 00:23:39.750 align:start position:0%
<00:23:36.840>and <00:23:36.939>making <00:23:37.040>our <00:23:37.139>ourselves <00:23:37.240>the <00:23:37.340>life <00:23:37.439>really <00:23:37.540>really <00:23:37.639>hard. <00:23:37.740>Like <00:23:37.840>to <00:23:37.939>the <00:23:38.040>point <00:23:38.139>that <00:23:38.240>we

00:23:39.750 --> 00:23:39.760 align:start position:0%
<00:23:39.750>really <00:23:39.751>hard. <00:23:39.752>Like <00:23:39.753>to <00:23:39.755>the <00:23:39.756>point <00:23:39.757>that <00:23:39.759>we

00:23:39.760 --> 00:23:42.350 align:start position:0%
<00:23:39.760>really <00:23:39.860>hard. <00:23:39.960>Like <00:23:40.060>to <00:23:40.160>the <00:23:40.260>point <00:23:40.360>that <00:23:40.460>we <00:23:40.560>create <00:23:40.660>rules <00:23:40.760>that <00:23:40.860>where <00:23:40.960>we <00:23:41.060>don't <00:23:41.160>have

00:23:42.350 --> 00:23:42.360 align:start position:0%
<00:23:42.350>create <00:23:42.351>rules <00:23:42.352>that <00:23:42.354>where <00:23:42.356>we <00:23:42.357>don't <00:23:42.359>have

00:23:42.360 --> 00:23:43.790 align:start position:0%
<00:23:42.360>create <00:23:42.476>rules <00:23:42.593>that <00:23:42.711>where <00:23:42.828>we <00:23:42.945>don't <00:23:43.062>have <00:23:43.178>the <00:23:43.296>companies <00:23:43.413>in <00:23:43.530>Europe <00:23:43.647>actually

00:23:43.790 --> 00:23:43.800 align:start position:0%
<00:23:43.790>the <00:23:43.792>companies <00:23:43.794>in <00:23:43.796>Europe <00:23:43.799>actually

00:23:43.800 --> 00:23:45.870 align:start position:0%
<00:23:43.800>the <00:23:43.927>companies <00:23:44.054>in <00:23:44.181>Europe <00:23:44.309>actually <00:23:44.436>complying <00:23:44.563>to <00:23:44.690>the <00:23:44.818>rules. <00:23:44.945>So <00:23:45.072>for <00:23:45.200>example

00:23:45.870 --> 00:23:45.880 align:start position:0%
<00:23:45.870>complying <00:23:45.871>to <00:23:45.873>the <00:23:45.874>rules. <00:23:45.876>So <00:23:45.877>for <00:23:45.879>example

00:23:45.880 --> 00:23:48.150 align:start position:0%
<00:23:45.880>complying <00:23:45.973>to <00:23:46.066>the <00:23:46.160>rules. <00:23:46.253>So <00:23:46.346>for <00:23:46.440>example <00:23:46.533>in <00:23:46.626>with <00:23:46.720>like <00:23:46.813>I'm <00:23:46.906>a <00:23:47.000>big <00:23:47.093>fan <00:23:47.186>of <00:23:47.280>like

00:23:48.150 --> 00:23:48.160 align:start position:0%
<00:23:48.150>in <00:23:48.151>with <00:23:48.152>like <00:23:48.153>I'm <00:23:48.154>a <00:23:48.155>big <00:23:48.156>fan <00:23:48.157>of <00:23:48.159>like

00:23:48.160 --> 00:23:51.270 align:start position:0%
<00:23:48.160>in <00:23:48.253>with <00:23:48.346>like <00:23:48.440>I'm <00:23:48.533>a <00:23:48.626>big <00:23:48.720>fan <00:23:48.813>of <00:23:48.906>like <00:23:49.000>pushing <00:23:49.093>EV. <00:23:49.186>But <00:23:49.280>also <00:23:49.373>like <00:23:49.466>we <00:23:49.560>didn't

00:23:51.270 --> 00:23:51.280 align:start position:0%
<00:23:51.270>pushing <00:23:51.271>EV. <00:23:51.273>But <00:23:51.274>also <00:23:51.276>like <00:23:51.277>we <00:23:51.279>didn't

00:23:51.280 --> 00:23:53.430 align:start position:0%
<00:23:51.280>pushing <00:23:51.387>EV. <00:23:51.495>But <00:23:51.603>also <00:23:51.710>like <00:23:51.818>we <00:23:51.926>didn't <00:23:52.033>manage <00:23:52.141>to <00:23:52.249>have <00:23:52.356>those <00:23:52.464>companies <00:23:52.572>here. <00:23:52.680>So

00:23:53.430 --> 00:23:53.440 align:start position:0%
<00:23:53.430>manage <00:23:53.431>to <00:23:53.433>have <00:23:53.434>those <00:23:53.436>companies <00:23:53.437>here. <00:23:53.439>So

00:23:53.440 --> 00:23:55.390 align:start position:0%
<00:23:53.440>manage <00:23:53.540>to <00:23:53.640>have <00:23:53.740>those <00:23:53.840>companies <00:23:53.940>here. <00:23:54.040>So <00:23:54.140>the <00:23:54.240>only <00:23:54.340>thing <00:23:54.440>we <00:23:54.540>do <00:23:54.640>is <00:23:54.740>like <00:23:54.840>damaging

00:23:55.390 --> 00:23:55.400 align:start position:0%
<00:23:55.390>the <00:23:55.391>only <00:23:55.392>thing <00:23:55.393>we <00:23:55.395>do <00:23:55.396>is <00:23:55.397>like <00:23:55.399>damaging

00:23:55.400 --> 00:23:57.670 align:start position:0%
<00:23:55.400>the <00:23:55.493>only <00:23:55.586>thing <00:23:55.680>we <00:23:55.773>do <00:23:55.866>is <00:23:55.960>like <00:23:56.053>damaging <00:23:56.146>the <00:23:56.240>companies <00:23:56.333>we <00:23:56.426>have, <00:23:56.520>you <00:23:56.613>know? <00:23:56.706>And <00:23:56.800>the

00:23:57.670 --> 00:23:57.680 align:start position:0%
<00:23:57.670>the <00:23:57.671>companies <00:23:57.672>we <00:23:57.673>have, <00:23:57.675>you <00:23:57.676>know? <00:23:57.677>And <00:23:57.679>the

00:23:57.680 --> 00:23:59.230 align:start position:0%
<00:23:57.680>the <00:23:57.773>companies <00:23:57.866>we <00:23:57.959>have, <00:23:58.052>you <00:23:58.145>know? <00:23:58.238>And <00:23:58.331>the <00:23:58.424>same <00:23:58.517>you <00:23:58.610>can <00:23:58.703>do <00:23:58.796>with <00:23:58.889>like <00:23:58.982>for <00:23:59.075>example

00:23:59.230 --> 00:23:59.240 align:start position:0%
<00:23:59.230>same <00:23:59.231>you <00:23:59.232>can <00:23:59.233>do <00:23:59.235>with <00:23:59.236>like <00:23:59.237>for <00:23:59.239>example

00:23:59.240 --> 00:24:01.150 align:start position:0%
<00:23:59.240>same <00:23:59.340>you <00:23:59.440>can <00:23:59.540>do <00:23:59.640>with <00:23:59.740>like <00:23:59.840>for <00:23:59.940>example <00:24:00.040>grant <00:24:00.140>systems. <00:24:00.240>We <00:24:00.340>did <00:24:00.440>like <00:24:00.540>Germany <00:24:00.640>is

00:24:01.150 --> 00:24:01.160 align:start position:0%
<00:24:01.150>grant <00:24:01.151>systems. <00:24:01.153>We <00:24:01.154>did <00:24:01.156>like <00:24:01.157>Germany <00:24:01.159>is

00:24:01.160 --> 00:24:02.990 align:start position:0%
<00:24:01.160>grant <00:24:01.260>systems. <00:24:01.360>We <00:24:01.460>did <00:24:01.560>like <00:24:01.660>Germany <00:24:01.760>is <00:24:01.860>the <00:24:01.960>main <00:24:02.060>reason <00:24:02.160>why <00:24:02.260>China <00:24:02.360>is <00:24:02.460>now <00:24:02.560>the

00:24:02.990 --> 00:24:03.000 align:start position:0%
<00:24:02.990>the <00:24:02.991>main <00:24:02.992>reason <00:24:02.993>why <00:24:02.995>China <00:24:02.996>is <00:24:02.997>now <00:24:02.999>the

00:24:03.000 --> 00:24:04.910 align:start position:0%
<00:24:03.000>the <00:24:03.127>main <00:24:03.254>reason <00:24:03.381>why <00:24:03.509>China <00:24:03.636>is <00:24:03.763>now <00:24:03.890>the <00:24:04.018>main <00:24:04.145>provider <00:24:04.272>of <00:24:04.400>solar.

00:24:04.910 --> 00:24:04.920 align:start position:0%
<00:24:04.910>main <00:24:04.913>provider <00:24:04.916>of <00:24:04.919>solar.

00:24:04.920 --> 00:24:06.510 align:start position:0%
<00:24:04.920>main <00:24:05.095>provider <00:24:05.270>of <00:24:05.445>solar. <00:24:05.620>You <00:24:05.795>know <00:24:05.970>what <00:24:06.145>I <00:24:06.320>mean?

00:24:06.510 --> 00:24:06.520 align:start position:0%
<00:24:06.510>You <00:24:06.512>know <00:24:06.514>what <00:24:06.516>I <00:24:06.519>mean?

00:24:06.520 --> 00:24:08.630 align:start position:0%
<00:24:06.520>You <00:24:06.613>know <00:24:06.706>what <00:24:06.800>I <00:24:06.893>mean? <00:24:06.986>And <00:24:07.080>and <00:24:07.173>so <00:24:07.266>on <00:24:07.360>and <00:24:07.453>so <00:24:07.546>on <00:24:07.639>and <00:24:07.733>so <00:24:07.826>on, <00:24:07.920>you

00:24:08.630 --> 00:24:08.640 align:start position:0%
<00:24:08.630>And <00:24:08.630>and <00:24:08.631>so <00:24:08.632>on <00:24:08.633>and <00:24:08.634>so <00:24:08.635>on <00:24:08.636>and <00:24:08.637>so <00:24:08.638>on, <00:24:08.639>you

00:24:08.640 --> 00:24:10.310 align:start position:0%
<00:24:08.640>And <00:24:08.717>and <00:24:08.795>so <00:24:08.873>on <00:24:08.951>and <00:24:09.028>so <00:24:09.106>on <00:24:09.184>and <00:24:09.262>so <00:24:09.340>on, <00:24:09.417>you <00:24:09.495>know? <00:24:09.573>And <00:24:09.651>then <00:24:09.728>the <00:24:09.806>next <00:24:09.884>problem <00:24:09.962>you <00:24:10.040>have

00:24:10.310 --> 00:24:10.320 align:start position:0%
<00:24:10.310>know? <00:24:10.311>And <00:24:10.312>then <00:24:10.313>the <00:24:10.315>next <00:24:10.316>problem <00:24:10.317>you <00:24:10.319>have

00:24:10.320 --> 00:24:12.150 align:start position:0%
<00:24:10.320>know? <00:24:10.419>And <00:24:10.520>then <00:24:10.620>the <00:24:10.720>next <00:24:10.820>problem <00:24:10.919>you <00:24:11.020>have <00:24:11.120>is <00:24:11.220>as <00:24:11.320>unless <00:24:11.419>if <00:24:11.520>Europe <00:24:11.620>stays <00:24:11.720>as

00:24:12.150 --> 00:24:12.160 align:start position:0%
<00:24:12.150>is <00:24:12.151>as <00:24:12.153>unless <00:24:12.154>if <00:24:12.156>Europe <00:24:12.157>stays <00:24:12.159>as

00:24:12.160 --> 00:24:14.710 align:start position:0%
<00:24:12.160>is <00:24:12.276>as <00:24:12.393>unless <00:24:12.510>if <00:24:12.626>Europe <00:24:12.743>stays <00:24:12.860>as <00:24:12.976>fragmented, <00:24:13.093>all <00:24:13.210>of <00:24:13.326>these <00:24:13.443>major <00:24:13.560>players

00:24:14.710 --> 00:24:14.720 align:start position:0%
<00:24:14.710>fragmented, <00:24:14.711>all <00:24:14.713>of <00:24:14.715>these <00:24:14.717>major <00:24:14.719>players

00:24:14.720 --> 00:24:17.270 align:start position:0%
<00:24:14.720>fragmented, <00:24:14.847>all <00:24:14.974>of <00:24:15.101>these <00:24:15.229>major <00:24:15.356>players <00:24:15.483>can <00:24:15.610>always <00:24:15.738>find <00:24:15.865>some <00:24:15.992>European <00:24:16.120>country

00:24:17.270 --> 00:24:17.280 align:start position:0%
<00:24:17.270>can <00:24:17.271>always <00:24:17.273>find <00:24:17.275>some <00:24:17.277>European <00:24:17.279>country

00:24:17.280 --> 00:24:19.030 align:start position:0%
<00:24:17.280>can <00:24:17.387>always <00:24:17.495>find <00:24:17.603>some <00:24:17.710>European <00:24:17.818>country <00:24:17.926>who <00:24:18.033>thinks <00:24:18.141>that <00:24:18.249>they <00:24:18.356>are <00:24:18.464>the <00:24:18.572>one <00:24:18.680>playing

00:24:19.030 --> 00:24:19.040 align:start position:0%
<00:24:19.030>who <00:24:19.031>thinks <00:24:19.032>that <00:24:19.033>they <00:24:19.035>are <00:24:19.036>the <00:24:19.037>one <00:24:19.039>playing

00:24:19.040 --> 00:24:21.550 align:start position:0%
<00:24:19.040>who <00:24:19.133>thinks <00:24:19.226>that <00:24:19.320>they <00:24:19.413>are <00:24:19.506>the <00:24:19.600>one <00:24:19.693>playing <00:24:19.786>the <00:24:19.879>system, <00:24:19.973>you <00:24:20.066>know? <00:24:20.159>And <00:24:20.253>like <00:24:20.346>they <00:24:20.440>are

00:24:21.550 --> 00:24:21.560 align:start position:0%
<00:24:21.550>the <00:24:21.551>system, <00:24:21.552>you <00:24:21.553>know? <00:24:21.555>And <00:24:21.556>like <00:24:21.557>they <00:24:21.559>are

00:24:21.560 --> 00:24:23.310 align:start position:0%
<00:24:21.560>the <00:24:21.647>system, <00:24:21.735>you <00:24:21.822>know? <00:24:21.909>And <00:24:21.997>like <00:24:22.085>they <00:24:22.172>are <00:24:22.260>the <00:24:22.347>one <00:24:22.435>that <00:24:22.522>like <00:24:22.610>hack <00:24:22.697>it <00:24:22.784>and <00:24:22.872>they <00:24:22.960>are

00:24:23.310 --> 00:24:23.320 align:start position:0%
<00:24:23.310>the <00:24:23.311>one <00:24:23.312>that <00:24:23.313>like <00:24:23.314>hack <00:24:23.315>it <00:24:23.316>and <00:24:23.317>they <00:24:23.319>are

00:24:23.320 --> 00:24:24.910 align:start position:0%
<00:24:23.320>the <00:24:23.413>one <00:24:23.506>that <00:24:23.600>like <00:24:23.693>hack <00:24:23.786>it <00:24:23.879>and <00:24:23.973>they <00:24:24.066>are <00:24:24.159>the <00:24:24.253>ones <00:24:24.346>like <00:24:24.439>having <00:24:24.533>a <00:24:24.626>good <00:24:24.720>reputation

00:24:24.910 --> 00:24:24.920 align:start position:0%
<00:24:24.910>the <00:24:24.911>ones <00:24:24.913>like <00:24:24.914>having <00:24:24.916>a <00:24:24.917>good <00:24:24.919>reputation

00:24:24.920 --> 00:24:27.350 align:start position:0%
<00:24:24.920>the <00:24:25.020>ones <00:24:25.120>like <00:24:25.220>having <00:24:25.320>a <00:24:25.420>good <00:24:25.520>reputation <00:24:25.620>with <00:24:25.720>America <00:24:25.820>or <00:24:25.920>China. <00:24:26.020>Which <00:24:26.120>is <00:24:26.220>the <00:24:26.320>same

00:24:27.350 --> 00:24:27.360 align:start position:0%
<00:24:27.350>with <00:24:27.351>America <00:24:27.352>or <00:24:27.353>China. <00:24:27.355>Which <00:24:27.356>is <00:24:27.357>the <00:24:27.359>same

00:24:27.360 --> 00:24:29.150 align:start position:0%
<00:24:27.360>with <00:24:27.467>America <00:24:27.575>or <00:24:27.683>China. <00:24:27.790>Which <00:24:27.898>is <00:24:28.006>the <00:24:28.113>same <00:24:28.221>that <00:24:28.329>Latin <00:24:28.436>American <00:24:28.544>countries <00:24:28.652>think, <00:24:28.760>you

00:24:29.150 --> 00:24:29.160 align:start position:0%
<00:24:29.150>that <00:24:29.151>Latin <00:24:29.153>American <00:24:29.155>countries <00:24:29.157>think, <00:24:29.159>you

00:24:29.160 --> 00:24:30.870 align:start position:0%
<00:24:29.160>that <00:24:29.267>Latin <00:24:29.375>American <00:24:29.483>countries <00:24:29.590>think, <00:24:29.698>you <00:24:29.806>know? <00:24:29.913>And <00:24:30.021>they <00:24:30.129>are <00:24:30.236>constantly <00:24:30.344>get <00:24:30.452>put <00:24:30.560>on

00:24:30.870 --> 00:24:30.880 align:start position:0%
<00:24:30.870>know? <00:24:30.871>And <00:24:30.872>they <00:24:30.873>are <00:24:30.875>constantly <00:24:30.876>get <00:24:30.877>put <00:24:30.879>on

00:24:30.880 --> 00:24:33.150 align:start position:0%
<00:24:30.880>know? <00:24:30.980>And <00:24:31.080>they <00:24:31.180>are <00:24:31.280>constantly <00:24:31.380>get <00:24:31.480>put <00:24:31.580>on <00:24:31.680>a <00:24:31.780>leverage. <00:24:31.880>So <00:24:31.980>I <00:24:32.080>think <00:24:32.180>that's <00:24:32.280>the

00:24:33.150 --> 00:24:33.160 align:start position:0%
<00:24:33.150>a <00:24:33.151>leverage. <00:24:33.153>So <00:24:33.154>I <00:24:33.156>think <00:24:33.157>that's <00:24:33.159>the

00:24:33.160 --> 00:24:35.150 align:start position:0%
<00:24:33.160>a <00:24:33.300>leverage. <00:24:33.440>So <00:24:33.580>I <00:24:33.720>think <00:24:33.860>that's <00:24:34.000>the <00:24:34.140>reality <00:24:34.280>we <00:24:34.420>face <00:24:34.560>now.

00:24:35.150 --> 00:24:35.160 align:start position:0%
<00:24:35.150>reality <00:24:35.153>we <00:24:35.156>face <00:24:35.159>now.

00:24:35.160 --> 00:24:36.870 align:start position:0%
<00:24:35.160>reality <00:24:35.335>we <00:24:35.510>face <00:24:35.685>now. <00:24:35.860>&gt;&gt; <00:24:36.035>Jakub <00:24:36.210>do <00:24:36.385>you <00:24:36.560>agree?

00:24:36.870 --> 00:24:36.880 align:start position:0%
<00:24:36.870>&gt;&gt; <00:24:36.872>Jakub <00:24:36.874>do <00:24:36.876>you <00:24:36.879>agree?

00:24:36.880 --> 00:24:38.390 align:start position:0%
<00:24:36.880>&gt;&gt; <00:24:36.977>Jakub <00:24:37.074>do <00:24:37.171>you <00:24:37.268>agree? <00:24:37.365>&gt;&gt; <00:24:37.462>Yes, <00:24:37.559>I <00:24:37.656>agree <00:24:37.753>and <00:24:37.850>I <00:24:37.947>think <00:24:38.044>there <00:24:38.141>are <00:24:38.239>not

00:24:38.390 --> 00:24:38.400 align:start position:0%
<00:24:38.390>&gt;&gt; <00:24:38.391>Yes, <00:24:38.392>I <00:24:38.393>agree <00:24:38.394>and <00:24:38.395>I <00:24:38.396>think <00:24:38.397>there <00:24:38.398>are <00:24:38.399>not

00:24:38.400 --> 00:24:39.870 align:start position:0%
<00:24:38.400>&gt;&gt; <00:24:38.532>Yes, <00:24:38.664>I <00:24:38.796>agree <00:24:38.929>and <00:24:39.061>I <00:24:39.193>think <00:24:39.326>there <00:24:39.458>are <00:24:39.590>not <00:24:39.723>many

00:24:39.870 --> 00:24:39.880 align:start position:0%
many

00:24:39.880 --> 00:24:42.070 align:start position:0%
<00:24:39.880>many <00:24:40.113>fields <00:24:40.346>of <00:24:40.580>technology <00:24:40.813>left <00:24:41.046>anymore <00:24:41.280>where

00:24:42.070 --> 00:24:42.080 align:start position:0%
<00:24:42.070>fields <00:24:42.071>of <00:24:42.073>technology <00:24:42.075>left <00:24:42.077>anymore <00:24:42.079>where

00:24:42.080 --> 00:24:44.150 align:start position:0%
<00:24:42.080>fields <00:24:42.196>of <00:24:42.313>technology <00:24:42.429>left <00:24:42.546>anymore <00:24:42.663>where <00:24:42.780>Europe <00:24:42.896>really <00:24:43.013>has <00:24:43.129>a <00:24:43.246>leading <00:24:43.363>position <00:24:43.480>and

00:24:44.150 --> 00:24:44.160 align:start position:0%
<00:24:44.150>Europe <00:24:44.151>really <00:24:44.153>has <00:24:44.154>a <00:24:44.156>leading <00:24:44.157>position <00:24:44.159>and

00:24:44.160 --> 00:24:45.790 align:start position:0%
<00:24:44.160>Europe <00:24:44.267>really <00:24:44.375>has <00:24:44.483>a <00:24:44.590>leading <00:24:44.698>position <00:24:44.806>and <00:24:44.913>it's <00:24:45.021>not <00:24:45.129>all <00:24:45.236>regulation <00:24:45.344>of <00:24:45.452>course. <00:24:45.560>I

00:24:45.790 --> 00:24:45.800 align:start position:0%
<00:24:45.790>it's <00:24:45.791>not <00:24:45.793>all <00:24:45.794>regulation <00:24:45.796>of <00:24:45.797>course. <00:24:45.799>I

00:24:45.800 --> 00:24:47.430 align:start position:0%
<00:24:45.800>it's <00:24:45.899>not <00:24:46.000>all <00:24:46.100>regulation <00:24:46.200>of <00:24:46.300>course. <00:24:46.399>I <00:24:46.500>think <00:24:46.600>it's <00:24:46.700>also <00:24:46.800>a <00:24:46.899>big <00:24:47.000>mindset <00:24:47.100>problem <00:24:47.200>we

00:24:47.430 --> 00:24:47.440 align:start position:0%
<00:24:47.430>think <00:24:47.431>it's <00:24:47.432>also <00:24:47.433>a <00:24:47.435>big <00:24:47.436>mindset <00:24:47.437>problem <00:24:47.439>we

00:24:47.440 --> 00:24:49.950 align:start position:0%
<00:24:47.440>think <00:24:47.540>it's <00:24:47.640>also <00:24:47.740>a <00:24:47.840>big <00:24:47.940>mindset <00:24:48.040>problem <00:24:48.140>we <00:24:48.240>have <00:24:48.340>in <00:24:48.440>Europe. <00:24:48.540>But <00:24:48.640>regulation <00:24:48.740>plays <00:24:48.840>its

00:24:49.950 --> 00:24:49.960 align:start position:0%
<00:24:49.950>have <00:24:49.951>in <00:24:49.953>Europe. <00:24:49.954>But <00:24:49.956>regulation <00:24:49.957>plays <00:24:49.959>its

00:24:49.960 --> 00:24:51.870 align:start position:0%
<00:24:49.960>have <00:24:50.060>in <00:24:50.160>Europe. <00:24:50.260>But <00:24:50.360>regulation <00:24:50.460>plays <00:24:50.560>its <00:24:50.660>part <00:24:50.760>and <00:24:50.860>for <00:24:50.960>example <00:24:51.060>if <00:24:51.160>you <00:24:51.260>reach <00:24:51.360>a

00:24:51.870 --> 00:24:51.880 align:start position:0%
<00:24:51.870>part <00:24:51.871>and <00:24:51.872>for <00:24:51.873>example <00:24:51.875>if <00:24:51.876>you <00:24:51.877>reach <00:24:51.879>a

00:24:51.880 --> 00:24:54.070 align:start position:0%
<00:24:51.880>part <00:24:51.967>and <00:24:52.055>for <00:24:52.142>example <00:24:52.230>if <00:24:52.317>you <00:24:52.405>reach <00:24:52.492>a <00:24:52.580>point <00:24:52.667>where <00:24:52.755>a <00:24:52.842>good <00:24:52.930>friend <00:24:53.017>of <00:24:53.105>mine <00:24:53.192>who <00:24:53.280>is

00:24:54.070 --> 00:24:54.080 align:start position:0%
<00:24:54.070>point <00:24:54.071>where <00:24:54.072>a <00:24:54.073>good <00:24:54.074>friend <00:24:54.075>of <00:24:54.076>mine <00:24:54.077>who <00:24:54.079>is

00:24:54.080 --> 00:24:57.390 align:start position:0%
<00:24:54.080>point <00:24:54.179>where <00:24:54.280>a <00:24:54.379>good <00:24:54.480>friend <00:24:54.580>of <00:24:54.679>mine <00:24:54.780>who <00:24:54.879>is <00:24:54.980>a <00:24:55.080>renowned <00:24:55.179>privacy <00:24:55.280>lawyer <00:24:55.379>and <00:24:55.480>advises

00:24:57.390 --> 00:24:57.400 align:start position:0%
<00:24:57.390>a <00:24:57.391>renowned <00:24:57.393>privacy <00:24:57.395>lawyer <00:24:57.397>and <00:24:57.399>advises

00:24:57.400 --> 00:24:59.630 align:start position:0%
<00:24:57.400>a <00:24:57.516>renowned <00:24:57.633>privacy <00:24:57.750>lawyer <00:24:57.866>and <00:24:57.983>advises <00:24:58.100>like <00:24:58.216>the <00:24:58.333>like <00:24:58.450>the <00:24:58.566>companies <00:24:58.683>like <00:24:58.800>Google

00:24:59.630 --> 00:24:59.640 align:start position:0%
<00:24:59.630>like <00:24:59.631>the <00:24:59.633>like <00:24:59.634>the <00:24:59.636>companies <00:24:59.637>like <00:24:59.639>Google

00:24:59.640 --> 00:25:02.030 align:start position:0%
<00:24:59.640>like <00:24:59.740>the <00:24:59.840>like <00:24:59.940>the <00:25:00.040>companies <00:25:00.140>like <00:25:00.240>Google <00:25:00.340>says <00:25:00.440>he <00:25:00.540>doesn't <00:25:00.640>know <00:25:00.740>a <00:25:00.840>single <00:25:00.940>company <00:25:01.040>in

00:25:02.030 --> 00:25:02.040 align:start position:0%
<00:25:02.030>says <00:25:02.031>he <00:25:02.032>doesn't <00:25:02.033>know <00:25:02.035>a <00:25:02.036>single <00:25:02.037>company <00:25:02.039>in

00:25:02.040 --> 00:25:04.070 align:start position:0%
<00:25:02.040>says <00:25:02.147>he <00:25:02.255>doesn't <00:25:02.363>know <00:25:02.470>a <00:25:02.578>single <00:25:02.686>company <00:25:02.793>in <00:25:02.901>Europe <00:25:03.009>that <00:25:03.116>is <00:25:03.224>fully <00:25:03.332>GDPR <00:25:03.440>compliant

00:25:04.070 --> 00:25:04.080 align:start position:0%
<00:25:04.070>Europe <00:25:04.071>that <00:25:04.073>is <00:25:04.075>fully <00:25:04.077>GDPR <00:25:04.079>compliant

00:25:04.080 --> 00:25:06.470 align:start position:0%
<00:25:04.080>Europe <00:25:04.207>that <00:25:04.334>is <00:25:04.461>fully <00:25:04.589>GDPR <00:25:04.716>compliant <00:25:04.843>because <00:25:04.970>it's <00:25:05.098>impossible. <00:25:05.225>I <00:25:05.352>think <00:25:05.480>we

00:25:06.470 --> 00:25:06.480 align:start position:0%
<00:25:06.470>because <00:25:06.471>it's <00:25:06.473>impossible. <00:25:06.475>I <00:25:06.477>think <00:25:06.479>we

00:25:06.480 --> 00:25:08.870 align:start position:0%
<00:25:06.480>because <00:25:06.607>it's <00:25:06.734>impossible. <00:25:06.861>I <00:25:06.989>think <00:25:07.116>we <00:25:07.243>reached <00:25:07.370>a <00:25:07.498>state <00:25:07.625>where <00:25:07.752>yeah, <00:25:07.880>regulation

00:25:08.870 --> 00:25:08.880 align:start position:0%
<00:25:08.870>reached <00:25:08.871>a <00:25:08.873>state <00:25:08.875>where <00:25:08.877>yeah, <00:25:08.879>regulation

00:25:08.880 --> 00:25:10.790 align:start position:0%
<00:25:08.880>reached <00:25:09.113>a <00:25:09.346>state <00:25:09.580>where <00:25:09.813>yeah, <00:25:10.046>regulation <00:25:10.280>just

00:25:10.790 --> 00:25:10.800 align:start position:0%
just

00:25:10.800 --> 00:25:14.870 align:start position:0%
<00:25:10.800>just <00:25:11.080>grew <00:25:11.360>out <00:25:11.639>of <00:25:11.919>its <00:25:12.200>purpose.

00:25:14.880 --> 00:25:17.870 align:start position:0%
<00:25:14.880>&gt;&gt; <00:25:15.160>I'm <00:25:15.440>not <00:25:15.720>that <00:25:16.000>negative. <00:25:16.280>Sorry.

00:25:17.870 --> 00:25:17.880 align:start position:0%
<00:25:17.870>&gt;&gt; <00:25:17.871>I'm <00:25:17.873>not <00:25:17.875>that <00:25:17.877>negative. <00:25:17.879>Sorry.

00:25:17.880 --> 00:25:19.910 align:start position:0%
<00:25:17.880>&gt;&gt; <00:25:17.996>I'm <00:25:18.113>not <00:25:18.230>that <00:25:18.346>negative. <00:25:18.463>Sorry. <00:25:18.580>We <00:25:18.696>have <00:25:18.813>ability <00:25:18.930>to <00:25:19.046>hire <00:25:19.163>the <00:25:19.280>best

00:25:19.910 --> 00:25:19.920 align:start position:0%
<00:25:19.910>We <00:25:19.911>have <00:25:19.913>ability <00:25:19.914>to <00:25:19.916>hire <00:25:19.917>the <00:25:19.919>best

00:25:19.920 --> 00:25:21.990 align:start position:0%
<00:25:19.920>We <00:25:20.027>have <00:25:20.135>ability <00:25:20.243>to <00:25:20.350>hire <00:25:20.458>the <00:25:20.566>best <00:25:20.673>engineers. <00:25:20.781>Some <00:25:20.889>of <00:25:20.996>them <00:25:21.104>even <00:25:21.212>moved <00:25:21.320>to

00:25:21.990 --> 00:25:22.000 align:start position:0%
<00:25:21.990>engineers. <00:25:21.991>Some <00:25:21.993>of <00:25:21.994>them <00:25:21.996>even <00:25:21.997>moved <00:25:21.999>to

00:25:22.000 --> 00:25:24.470 align:start position:0%
<00:25:22.000>engineers. <00:25:22.100>Some <00:25:22.200>of <00:25:22.300>them <00:25:22.400>even <00:25:22.500>moved <00:25:22.600>to <00:25:22.700>Denmark <00:25:22.800>to <00:25:22.900>join <00:25:23.000>the <00:25:23.100>team. <00:25:23.200>If <00:25:23.300>they <00:25:23.400>don't

00:25:24.470 --> 00:25:24.480 align:start position:0%
<00:25:24.470>Denmark <00:25:24.471>to <00:25:24.472>join <00:25:24.473>the <00:25:24.475>team. <00:25:24.476>If <00:25:24.477>they <00:25:24.479>don't

00:25:24.480 --> 00:25:26.710 align:start position:0%
<00:25:24.480>Denmark <00:25:24.635>to <00:25:24.791>join <00:25:24.946>the <00:25:25.102>team. <00:25:25.257>If <00:25:25.413>they <00:25:25.568>don't <00:25:25.724>work <00:25:25.880>remote,

00:25:26.710 --> 00:25:26.720 align:start position:0%
<00:25:26.710>work <00:25:26.719>remote,

00:25:26.720 --> 00:25:28.670 align:start position:0%
<00:25:26.720>work <00:25:26.920>remote, <00:25:27.120>I <00:25:27.320>actually <00:25:27.520>do <00:25:27.720>believe <00:25:27.920>we <00:25:28.120>have

00:25:28.670 --> 00:25:28.680 align:start position:0%
<00:25:28.670>I <00:25:28.671>actually <00:25:28.673>do <00:25:28.675>believe <00:25:28.677>we <00:25:28.679>have

00:25:28.680 --> 00:25:31.030 align:start position:0%
<00:25:28.680>I <00:25:28.787>actually <00:25:28.895>do <00:25:29.003>believe <00:25:29.110>we <00:25:29.218>have <00:25:29.326>some <00:25:29.433>of <00:25:29.541>the <00:25:29.649>best <00:25:29.756>engineers <00:25:29.864>in <00:25:29.972>the <00:25:30.080>world

00:25:31.030 --> 00:25:31.040 align:start position:0%
<00:25:31.030>some <00:25:31.031>of <00:25:31.032>the <00:25:31.033>best <00:25:31.035>engineers <00:25:31.036>in <00:25:31.037>the <00:25:31.039>world

00:25:31.040 --> 00:25:33.270 align:start position:0%
<00:25:31.040>some <00:25:31.139>of <00:25:31.240>the <00:25:31.340>best <00:25:31.440>engineers <00:25:31.540>in <00:25:31.639>the <00:25:31.740>world <00:25:31.840>on <00:25:31.940>on <00:25:32.040>watermarking <00:25:32.139>technology <00:25:32.240>and <00:25:32.340>we <00:25:32.440>are

00:25:33.270 --> 00:25:33.280 align:start position:0%
<00:25:33.270>on <00:25:33.271>on <00:25:33.273>watermarking <00:25:33.274>technology <00:25:33.276>and <00:25:33.277>we <00:25:33.279>are

00:25:33.280 --> 00:25:34.630 align:start position:0%
<00:25:33.280>on <00:25:33.431>on <00:25:33.583>watermarking <00:25:33.735>technology <00:25:33.887>and <00:25:34.039>we <00:25:34.191>are <00:25:34.343>still <00:25:34.495>hiring.

00:25:34.630 --> 00:25:34.640 align:start position:0%
<00:25:34.630>still <00:25:34.639>hiring.

00:25:34.640 --> 00:25:36.030 align:start position:0%
<00:25:34.640>still <00:25:35.057>hiring. <00:25:35.474>So <00:25:35.891>so

00:25:36.030 --> 00:25:36.040 align:start position:0%
<00:25:36.030>So <00:25:36.039>so

00:25:36.040 --> 00:25:37.790 align:start position:0%
<00:25:36.040>So <00:25:36.195>so <00:25:36.351>I'm <00:25:36.506>just <00:25:36.662>not <00:25:36.817>feeling <00:25:36.973>that <00:25:37.128>part <00:25:37.284>of <00:25:37.440>it.

00:25:37.790 --> 00:25:37.800 align:start position:0%
<00:25:37.790>I'm <00:25:37.791>just <00:25:37.792>not <00:25:37.793>feeling <00:25:37.795>that <00:25:37.796>part <00:25:37.797>of <00:25:37.799>it.

00:25:37.800 --> 00:25:40.830 align:start position:0%
<00:25:37.800>I'm <00:25:37.899>just <00:25:38.000>not <00:25:38.100>feeling <00:25:38.200>that <00:25:38.300>part <00:25:38.399>of <00:25:38.500>it. <00:25:38.600>It's <00:25:38.700>not <00:25:38.800>to <00:25:38.899>say <00:25:39.000>it's <00:25:39.100>not <00:25:39.200>there.

00:25:40.830 --> 00:25:40.840 align:start position:0%
<00:25:40.830>It's <00:25:40.831>not <00:25:40.832>to <00:25:40.834>say <00:25:40.836>it's <00:25:40.837>not <00:25:40.839>there.

00:25:40.840 --> 00:25:43.830 align:start position:0%
<00:25:40.840>It's <00:25:40.947>not <00:25:41.055>to <00:25:41.163>say <00:25:41.270>it's <00:25:41.378>not <00:25:41.486>there. <00:25:41.593>I <00:25:41.701>feel <00:25:41.809>that <00:25:41.916>working <00:25:42.024>for <00:25:42.132>a <00:25:42.240>European

00:25:43.830 --> 00:25:43.840 align:start position:0%
<00:25:43.830>I <00:25:43.831>feel <00:25:43.832>that <00:25:43.834>working <00:25:43.836>for <00:25:43.837>a <00:25:43.839>European

00:25:43.840 --> 00:25:45.750 align:start position:0%
<00:25:43.840>I <00:25:44.014>feel <00:25:44.189>that <00:25:44.365>working <00:25:44.540>for <00:25:44.715>a <00:25:44.889>European <00:25:45.064>company <00:25:45.240>is

00:25:45.750 --> 00:25:45.760 align:start position:0%
<00:25:45.750>company <00:25:45.759>is

00:25:45.760 --> 00:25:48.750 align:start position:0%
<00:25:45.760>company <00:25:45.935>is <00:25:46.110>is <00:25:46.285>inspiring. <00:25:46.460>I <00:25:46.635>hear <00:25:46.810>from <00:25:46.985>my <00:25:47.160>US

00:25:48.750 --> 00:25:48.760 align:start position:0%
<00:25:48.750>is <00:25:48.751>inspiring. <00:25:48.753>I <00:25:48.754>hear <00:25:48.756>from <00:25:48.757>my <00:25:48.759>US

00:25:48.760 --> 00:25:50.310 align:start position:0%
<00:25:48.760>is <00:25:48.934>inspiring. <00:25:49.108>I <00:25:49.283>hear <00:25:49.457>from <00:25:49.631>my <00:25:49.806>US <00:25:49.980>employees <00:25:50.155>they

00:25:50.310 --> 00:25:50.320 align:start position:0%
<00:25:50.310>employees <00:25:50.319>they

00:25:50.320 --> 00:25:52.310 align:start position:0%
<00:25:50.320>employees <00:25:50.495>they <00:25:50.669>like <00:25:50.845>our <00:25:51.020>rules, <00:25:51.195>they <00:25:51.370>like <00:25:51.544>the <00:25:51.720>rights,

00:25:52.310 --> 00:25:52.320 align:start position:0%
<00:25:52.310>like <00:25:52.311>our <00:25:52.312>rules, <00:25:52.314>they <00:25:52.316>like <00:25:52.317>the <00:25:52.319>rights,

00:25:52.320 --> 00:25:54.750 align:start position:0%
<00:25:52.320>like <00:25:52.427>our <00:25:52.535>rules, <00:25:52.643>they <00:25:52.750>like <00:25:52.858>the <00:25:52.966>rights, <00:25:53.073>they <00:25:53.181>like <00:25:53.289>the <00:25:53.396>way <00:25:53.504>we <00:25:53.612>do <00:25:53.720>stuff.

00:25:54.750 --> 00:25:54.760 align:start position:0%
<00:25:54.750>they <00:25:54.751>like <00:25:54.753>the <00:25:54.754>way <00:25:54.756>we <00:25:54.757>do <00:25:54.759>stuff.

00:25:54.760 --> 00:25:57.270 align:start position:0%
<00:25:54.760>they <00:25:54.867>like <00:25:54.975>the <00:25:55.083>way <00:25:55.190>we <00:25:55.298>do <00:25:55.406>stuff. <00:25:55.513>Of <00:25:55.621>course <00:25:55.729>people <00:25:55.836>are <00:25:55.944>also <00:25:56.052>moving <00:25:56.160>the

00:25:57.270 --> 00:25:57.280 align:start position:0%
<00:25:57.270>Of <00:25:57.271>course <00:25:57.273>people <00:25:57.274>are <00:25:57.276>also <00:25:57.277>moving <00:25:57.279>the

00:25:57.280 --> 00:25:59.830 align:start position:0%
<00:25:57.280>Of <00:25:57.367>course <00:25:57.455>people <00:25:57.542>are <00:25:57.629>also <00:25:57.717>moving <00:25:57.805>the <00:25:57.892>other <00:25:57.980>way <00:25:58.067>and <00:25:58.155>I <00:25:58.242>know <00:25:58.330>for <00:25:58.417>a <00:25:58.504>fact <00:25:58.592>that <00:25:58.680>I

00:25:59.830 --> 00:25:59.840 align:start position:0%
<00:25:59.830>other <00:25:59.831>way <00:25:59.831>and <00:25:59.832>I <00:25:59.833>know <00:25:59.835>for <00:25:59.836>a <00:25:59.837>fact <00:25:59.838>that <00:25:59.839>I

00:25:59.840 --> 00:26:02.550 align:start position:0%
<00:25:59.840>other <00:25:59.917>way <00:25:59.995>and <00:26:00.073>I <00:26:00.151>know <00:26:00.228>for <00:26:00.306>a <00:26:00.384>fact <00:26:00.462>that <00:26:00.540>I <00:26:00.617>was <00:26:00.695>offered <00:26:00.773>a <00:26:00.851>lot <00:26:00.928>more <00:26:01.006>money <00:26:01.084>in <00:26:01.162>the <00:26:01.240>US

00:26:02.550 --> 00:26:02.560 align:start position:0%
<00:26:02.550>was <00:26:02.551>offered <00:26:02.552>a <00:26:02.553>lot <00:26:02.554>more <00:26:02.555>money <00:26:02.556>in <00:26:02.557>the <00:26:02.559>US

00:26:02.560 --> 00:26:05.950 align:start position:0%
<00:26:02.560>was <00:26:02.647>offered <00:26:02.735>a <00:26:02.822>lot <00:26:02.909>more <00:26:02.997>money <00:26:03.085>in <00:26:03.172>the <00:26:03.260>US <00:26:03.347>before <00:26:03.435>I <00:26:03.522>was <00:26:03.610>offered <00:26:03.697>in <00:26:03.784>in <00:26:03.872>Europe. <00:26:03.960>I

00:26:05.950 --> 00:26:05.960 align:start position:0%
<00:26:05.950>before <00:26:05.951>I <00:26:05.952>was <00:26:05.953>offered <00:26:05.955>in <00:26:05.956>in <00:26:05.957>Europe. <00:26:05.959>I

00:26:05.960 --> 00:26:07.350 align:start position:0%
<00:26:05.960>before <00:26:06.043>I <00:26:06.126>was <00:26:06.210>offered <00:26:06.293>in <00:26:06.377>in <00:26:06.460>Europe. <00:26:06.543>I <00:26:06.627>believe <00:26:06.710>it <00:26:06.793>was <00:26:06.877>important <00:26:06.960>to <00:26:07.044>see <00:26:07.127>if <00:26:07.211>we

00:26:07.350 --> 00:26:07.360 align:start position:0%
<00:26:07.350>believe <00:26:07.351>it <00:26:07.352>was <00:26:07.353>important <00:26:07.355>to <00:26:07.356>see <00:26:07.357>if <00:26:07.359>we

00:26:07.360 --> 00:26:08.830 align:start position:0%
<00:26:07.360>believe <00:26:07.454>it <00:26:07.549>was <00:26:07.643>important <00:26:07.737>to <00:26:07.832>see <00:26:07.927>if <00:26:08.021>we <00:26:08.116>can <00:26:08.210>try <00:26:08.304>and <00:26:08.399>change <00:26:08.494>the <00:26:08.588>world <00:26:08.683>from

00:26:08.830 --> 00:26:08.840 align:start position:0%
<00:26:08.830>can <00:26:08.831>try <00:26:08.832>and <00:26:08.834>change <00:26:08.836>the <00:26:08.837>world <00:26:08.839>from

00:26:08.840 --> 00:26:11.270 align:start position:0%
<00:26:08.840>can <00:26:08.933>try <00:26:09.026>and <00:26:09.120>change <00:26:09.213>the <00:26:09.306>world <00:26:09.399>from <00:26:09.493>Europe. <00:26:09.586>I <00:26:09.679>was <00:26:09.773>lucky <00:26:09.866>to <00:26:09.959>to <00:26:10.053>be <00:26:10.146>able <00:26:10.240>to

00:26:11.270 --> 00:26:11.280 align:start position:0%
<00:26:11.270>Europe. <00:26:11.271>I <00:26:11.272>was <00:26:11.273>lucky <00:26:11.274>to <00:26:11.275>to <00:26:11.276>be <00:26:11.277>able <00:26:11.279>to

00:26:11.280 --> 00:26:12.470 align:start position:0%
<00:26:11.280>Europe. <00:26:11.387>I <00:26:11.494>was <00:26:11.601>lucky <00:26:11.708>to <00:26:11.815>to <00:26:11.922>be <00:26:12.029>able <00:26:12.136>to <00:26:12.243>achieve <00:26:12.351>it.

00:26:12.470 --> 00:26:12.480 align:start position:0%
<00:26:12.470>achieve <00:26:12.479>it.

00:26:12.480 --> 00:26:14.550 align:start position:0%
<00:26:12.480>achieve <00:26:12.830>it. <00:26:13.180>But <00:26:13.530>but <00:26:13.880>um

00:26:14.550 --> 00:26:14.560 align:start position:0%
<00:26:14.550>But <00:26:14.554>but <00:26:14.559>um

00:26:14.560 --> 00:26:17.150 align:start position:0%
<00:26:14.560>But <00:26:14.715>but <00:26:14.871>um <00:26:15.026>I <00:26:15.182>don't <00:26:15.337>hit <00:26:15.493>that <00:26:15.648>regulatory <00:26:15.804>wall <00:26:15.960>that

00:26:17.150 --> 00:26:17.160 align:start position:0%
<00:26:17.150>I <00:26:17.151>don't <00:26:17.153>hit <00:26:17.154>that <00:26:17.156>regulatory <00:26:17.157>wall <00:26:17.159>that

00:26:17.160 --> 00:26:19.350 align:start position:0%
<00:26:17.160>I <00:26:17.260>don't <00:26:17.360>hit <00:26:17.460>that <00:26:17.560>regulatory <00:26:17.660>wall <00:26:17.760>that <00:26:17.860>often <00:26:17.960>and <00:26:18.060>maybe <00:26:18.160>I'm <00:26:18.260>I'm <00:26:18.360>the <00:26:18.460>luckiest <00:26:18.560>guy

00:26:19.350 --> 00:26:19.360 align:start position:0%
<00:26:19.350>often <00:26:19.351>and <00:26:19.352>maybe <00:26:19.353>I'm <00:26:19.355>I'm <00:26:19.356>the <00:26:19.357>luckiest <00:26:19.359>guy

00:26:19.360 --> 00:26:20.510 align:start position:0%
<00:26:19.360>often <00:26:19.463>and <00:26:19.567>maybe <00:26:19.670>I'm <00:26:19.774>I'm <00:26:19.877>the <00:26:19.981>luckiest <00:26:20.084>guy <00:26:20.187>in <00:26:20.291>the <00:26:20.395>world.

00:26:20.510 --> 00:26:20.520 align:start position:0%
<00:26:20.510>in <00:26:20.514>the <00:26:20.519>world.

00:26:20.520 --> 00:26:22.070 align:start position:0%
<00:26:20.520>in <00:26:20.659>the <00:26:20.799>world. <00:26:20.938>But <00:26:21.078>I <00:26:21.217>do <00:26:21.357>believe <00:26:21.496>that <00:26:21.636>we <00:26:21.775>are <00:26:21.915>really

00:26:22.070 --> 00:26:22.080 align:start position:0%
<00:26:22.070>But <00:26:22.071>I <00:26:22.072>do <00:26:22.073>believe <00:26:22.075>that <00:26:22.076>we <00:26:22.077>are <00:26:22.079>really

00:26:22.080 --> 00:26:24.030 align:start position:0%
<00:26:22.080>But <00:26:22.187>I <00:26:22.295>do <00:26:22.403>believe <00:26:22.510>that <00:26:22.618>we <00:26:22.726>are <00:26:22.833>really <00:26:22.941>working <00:26:23.049>with <00:26:23.156>complicated <00:26:23.264>stuff. <00:26:23.372>We <00:26:23.480>are

00:26:24.030 --> 00:26:24.040 align:start position:0%
<00:26:24.030>working <00:26:24.031>with <00:26:24.033>complicated <00:26:24.035>stuff. <00:26:24.037>We <00:26:24.039>are

00:26:24.040 --> 00:26:25.870 align:start position:0%
<00:26:24.040>working <00:26:24.147>with <00:26:24.255>complicated <00:26:24.363>stuff. <00:26:24.470>We <00:26:24.578>are <00:26:24.686>working <00:26:24.793>with <00:26:24.901>GDPR <00:26:25.009>guys <00:26:25.116>as <00:26:25.224>well. <00:26:25.332>We <00:26:25.440>are

00:26:25.870 --> 00:26:25.880 align:start position:0%
<00:26:25.870>working <00:26:25.871>with <00:26:25.872>GDPR <00:26:25.873>guys <00:26:25.875>as <00:26:25.876>well. <00:26:25.877>We <00:26:25.879>are

00:26:25.880 --> 00:26:28.670 align:start position:0%
<00:26:25.880>working <00:26:25.967>with <00:26:26.055>GDPR <00:26:26.142>guys <00:26:26.230>as <00:26:26.317>well. <00:26:26.405>We <00:26:26.492>are <00:26:26.580>working <00:26:26.667>with <00:26:26.755>a <00:26:26.842>lot <00:26:26.930>of <00:26:27.017>stuff. <00:26:27.105>So <00:26:27.192>I <00:26:27.280>don't

00:26:28.670 --> 00:26:28.680 align:start position:0%
<00:26:28.670>working <00:26:28.671>with <00:26:28.672>a <00:26:28.673>lot <00:26:28.674>of <00:26:28.675>stuff. <00:26:28.676>So <00:26:28.677>I <00:26:28.679>don't

00:26:28.680 --> 00:26:31.150 align:start position:0%
<00:26:28.680>working <00:26:28.780>with <00:26:28.880>a <00:26:28.980>lot <00:26:29.080>of <00:26:29.180>stuff. <00:26:29.280>So <00:26:29.380>I <00:26:29.480>don't <00:26:29.580>see <00:26:29.680>we <00:26:29.780>had <00:26:29.880>had <00:26:29.980>it <00:26:30.080>easy.

00:26:31.150 --> 00:26:31.160 align:start position:0%
<00:26:31.150>see <00:26:31.151>we <00:26:31.153>had <00:26:31.155>had <00:26:31.157>it <00:26:31.159>easy.

00:26:31.160 --> 00:26:33.830 align:start position:0%
<00:26:31.160>see <00:26:31.260>we <00:26:31.360>had <00:26:31.460>had <00:26:31.560>it <00:26:31.660>easy. <00:26:31.760>I <00:26:31.860>think <00:26:31.960>the <00:26:32.060>biggest <00:26:32.160>burden <00:26:32.260>I <00:26:32.360>put <00:26:32.460>on <00:26:32.560>on

00:26:33.830 --> 00:26:33.840 align:start position:0%
<00:26:33.830>I <00:26:33.831>think <00:26:33.832>the <00:26:33.833>biggest <00:26:33.834>burden <00:26:33.835>I <00:26:33.836>put <00:26:33.837>on <00:26:33.839>on

00:26:33.840 --> 00:26:35.910 align:start position:0%
<00:26:33.840>I <00:26:33.933>think <00:26:34.026>the <00:26:34.120>biggest <00:26:34.213>burden <00:26:34.306>I <00:26:34.399>put <00:26:34.493>on <00:26:34.586>on <00:26:34.679>the <00:26:34.773>team <00:26:34.866>was <00:26:34.959>making <00:26:35.053>a <00:26:35.146>human <00:26:35.240>rights

00:26:35.910 --> 00:26:35.920 align:start position:0%
<00:26:35.910>the <00:26:35.911>team <00:26:35.913>was <00:26:35.914>making <00:26:35.916>a <00:26:35.917>human <00:26:35.919>rights

00:26:35.920 --> 00:26:38.910 align:start position:0%
<00:26:35.920>the <00:26:36.036>team <00:26:36.153>was <00:26:36.270>making <00:26:36.386>a <00:26:36.503>human <00:26:36.620>rights <00:26:36.736>impact <00:26:36.853>assessment <00:26:36.970>report <00:26:37.086>on <00:26:37.203>the <00:26:37.320>impact

00:26:38.910 --> 00:26:38.920 align:start position:0%
<00:26:38.910>impact <00:26:38.911>assessment <00:26:38.913>report <00:26:38.915>on <00:26:38.917>the <00:26:38.919>impact

00:26:38.920 --> 00:26:41.590 align:start position:0%
<00:26:38.920>impact <00:26:39.027>assessment <00:26:39.135>report <00:26:39.243>on <00:26:39.350>the <00:26:39.458>impact <00:26:39.566>of <00:26:39.673>our <00:26:39.781>technology <00:26:39.889>on <00:26:39.996>a <00:26:40.104>global <00:26:40.212>scale <00:26:40.320>that

00:26:41.590 --> 00:26:41.600 align:start position:0%
<00:26:41.590>of <00:26:41.591>our <00:26:41.592>technology <00:26:41.593>on <00:26:41.595>a <00:26:41.596>global <00:26:41.597>scale <00:26:41.599>that

00:26:41.600 --> 00:26:45.150 align:start position:0%
<00:26:41.600>of <00:26:41.716>our <00:26:41.833>technology <00:26:41.949>on <00:26:42.066>a <00:26:42.183>global <00:26:42.300>scale <00:26:42.416>that <00:26:42.533>had <00:26:42.649>consequences <00:26:42.766>but <00:26:42.883>it <00:26:43.000>was

00:26:45.150 --> 00:26:45.160 align:start position:0%
<00:26:45.150>had <00:26:45.152>consequences <00:26:45.154>but <00:26:45.156>it <00:26:45.159>was

00:26:45.160 --> 00:26:47.710 align:start position:0%
<00:26:45.160>had <00:26:45.276>consequences <00:26:45.393>but <00:26:45.510>it <00:26:45.626>was <00:26:45.743>it <00:26:45.860>inspired <00:26:45.976>us <00:26:46.093>more <00:26:46.210>to <00:26:46.326>make <00:26:46.443>the <00:26:46.560>product

00:26:47.710 --> 00:26:47.720 align:start position:0%
<00:26:47.710>it <00:26:47.711>inspired <00:26:47.712>us <00:26:47.713>more <00:26:47.715>to <00:26:47.716>make <00:26:47.717>the <00:26:47.719>product

00:26:47.720 --> 00:26:48.990 align:start position:0%
<00:26:47.720>it <00:26:47.847>inspired <00:26:47.974>us <00:26:48.101>more <00:26:48.228>to <00:26:48.355>make <00:26:48.482>the <00:26:48.609>product <00:26:48.736>even <00:26:48.863>better.

00:26:48.990 --> 00:26:49.000 align:start position:0%
<00:26:48.990>even <00:26:48.999>better.

00:26:49.000 --> 00:26:51.390 align:start position:0%
<00:26:49.000>even <00:26:49.175>better. <00:26:49.350>Then <00:26:49.525>it <00:26:49.700>took <00:26:49.875>courage <00:26:50.050>away <00:26:50.225>from <00:26:50.400>pursuing

00:26:51.390 --> 00:26:51.400 align:start position:0%
<00:26:51.390>Then <00:26:51.391>it <00:26:51.393>took <00:26:51.394>courage <00:26:51.396>away <00:26:51.397>from <00:26:51.399>pursuing

00:26:51.400 --> 00:26:52.310 align:start position:0%
<00:26:51.400>Then <00:26:51.502>it <00:26:51.604>took <00:26:51.707>courage <00:26:51.809>away <00:26:51.911>from <00:26:52.014>pursuing <00:26:52.116>the <00:26:52.219>dream.

00:26:52.310 --> 00:26:52.320 align:start position:0%
<00:26:52.310>the <00:26:52.319>dream.

00:26:52.320 --> 00:26:52.790 align:start position:0%
<00:26:52.320>the <00:26:52.461>dream. <00:26:52.601>&gt;&gt; <00:26:52.743>Mhm.

00:26:52.790 --> 00:26:52.800 align:start position:0%
<00:26:52.790>&gt;&gt; <00:26:52.799>Mhm.

00:26:52.800 --> 00:26:54.270 align:start position:0%
<00:26:52.800>&gt;&gt; <00:26:53.241>Mhm. <00:26:53.682>&gt;&gt; <00:26:54.123>So,

00:26:54.270 --> 00:26:54.280 align:start position:0%
<00:26:54.270>&gt;&gt; <00:26:54.279>So,

00:26:54.280 --> 00:26:56.710 align:start position:0%
<00:26:54.280>&gt;&gt; <00:26:54.629>So, <00:26:54.980>yeah. <00:26:55.330>I <00:26:55.680>Uh

00:26:56.710 --> 00:26:56.720 align:start position:0%
<00:26:56.710>yeah. <00:26:56.714>I <00:26:56.719>Uh

00:26:56.720 --> 00:26:59.550 align:start position:0%
<00:26:56.720>yeah. <00:26:56.836>I <00:26:56.953>Uh <00:26:57.070>maybe <00:26:57.186>I'm <00:26:57.303>really <00:26:57.420>lucky, <00:26:57.536>but <00:26:57.653>um <00:26:57.770>I <00:26:57.886>I <00:26:58.003>I <00:26:58.120>I

00:26:59.550 --> 00:26:59.560 align:start position:0%
<00:26:59.550>maybe <00:26:59.551>I'm <00:26:59.552>really <00:26:59.553>lucky, <00:26:59.553>but <00:26:59.554>um <00:26:59.556>I <00:26:59.557>I <00:26:59.558>I <00:26:59.559>I

00:26:59.560 --> 00:27:01.390 align:start position:0%
<00:26:59.560>maybe <00:26:59.647>I'm <00:26:59.735>really <00:26:59.822>lucky, <00:26:59.909>but <00:26:59.997>um <00:27:00.085>I <00:27:00.172>I <00:27:00.260>I <00:27:00.347>I <00:27:00.435>do <00:27:00.522>believe <00:27:00.610>it's <00:27:00.697>a <00:27:00.784>niche <00:27:00.872>every <00:27:00.960>time

00:27:01.390 --> 00:27:01.400 align:start position:0%
<00:27:01.390>do <00:27:01.391>believe <00:27:01.393>it's <00:27:01.394>a <00:27:01.396>niche <00:27:01.397>every <00:27:01.399>time

00:27:01.400 --> 00:27:03.310 align:start position:0%
<00:27:01.400>do <00:27:01.555>believe <00:27:01.711>it's <00:27:01.866>a <00:27:02.022>niche <00:27:02.177>every <00:27:02.333>time <00:27:02.488>everyone <00:27:02.644>I <00:27:02.800>meet.

00:27:03.310 --> 00:27:03.320 align:start position:0%
<00:27:03.310>everyone <00:27:03.314>I <00:27:03.319>meet.

00:27:03.320 --> 00:27:04.430 align:start position:0%
<00:27:03.320>everyone <00:27:03.486>I <00:27:03.653>meet. <00:27:03.819>They <00:27:03.986>like <00:27:04.152>the <00:27:04.319>values.

00:27:04.430 --> 00:27:04.440 align:start position:0%
<00:27:04.430>They <00:27:04.433>like <00:27:04.436>the <00:27:04.439>values.

00:27:04.440 --> 00:27:06.150 align:start position:0%
<00:27:04.440>They <00:27:04.556>like <00:27:04.673>the <00:27:04.790>values. <00:27:04.906>&gt;&gt; <00:27:05.023>At <00:27:05.140>the <00:27:05.256>end <00:27:05.373>we <00:27:05.490>have <00:27:05.606>to <00:27:05.723>design <00:27:05.840>around

00:27:06.150 --> 00:27:06.160 align:start position:0%
<00:27:06.150>&gt;&gt; <00:27:06.151>At <00:27:06.152>the <00:27:06.153>end <00:27:06.154>we <00:27:06.155>have <00:27:06.156>to <00:27:06.157>design <00:27:06.159>around

00:27:06.160 --> 00:27:09.910 align:start position:0%
<00:27:06.160>&gt;&gt; <00:27:06.267>At <00:27:06.375>the <00:27:06.483>end <00:27:06.590>we <00:27:06.698>have <00:27:06.806>to <00:27:06.913>design <00:27:07.021>around <00:27:07.129>regulation, <00:27:07.236>but <00:27:07.344>I <00:27:07.452>feel <00:27:07.560>like

00:27:09.920 --> 00:27:11.510 align:start position:0%
<00:27:09.920>&gt;&gt; <00:27:10.120>Like <00:27:10.320>there <00:27:10.520>is <00:27:10.720>some <00:27:10.920>questions <00:27:11.120>coming <00:27:11.320>from

00:27:11.510 --> 00:27:11.520 align:start position:0%
<00:27:11.510>&gt;&gt; <00:27:11.511>Like <00:27:11.512>there <00:27:11.513>is <00:27:11.515>some <00:27:11.516>questions <00:27:11.517>coming <00:27:11.519>from

00:27:11.520 --> 00:27:13.710 align:start position:0%
<00:27:11.520>&gt;&gt; <00:27:11.613>Like <00:27:11.706>there <00:27:11.800>is <00:27:11.893>some <00:27:11.986>questions <00:27:12.080>coming <00:27:12.173>from <00:27:12.266>the <00:27:12.360>audience, <00:27:12.453>so <00:27:12.546>maybe <00:27:12.639>like <00:27:12.733>two <00:27:12.826>like <00:27:12.920>to

00:27:13.710 --> 00:27:13.720 align:start position:0%
<00:27:13.710>the <00:27:13.711>audience, <00:27:13.712>so <00:27:13.713>maybe <00:27:13.715>like <00:27:13.716>two <00:27:13.717>like <00:27:13.719>to

00:27:13.720 --> 00:27:16.230 align:start position:0%
<00:27:13.720>the <00:27:13.813>audience, <00:27:13.906>so <00:27:14.000>maybe <00:27:14.093>like <00:27:14.186>two <00:27:14.280>like <00:27:14.373>to <00:27:14.466>engage <00:27:14.560>them. <00:27:14.653>One <00:27:14.746>like <00:27:14.840>to <00:27:14.933>be <00:27:15.026>just <00:27:15.120>one

00:27:16.230 --> 00:27:16.240 align:start position:0%
<00:27:16.230>engage <00:27:16.231>them. <00:27:16.232>One <00:27:16.233>like <00:27:16.235>to <00:27:16.236>be <00:27:16.237>just <00:27:16.239>one

00:27:16.240 --> 00:27:18.190 align:start position:0%
<00:27:16.240>engage <00:27:16.347>them. <00:27:16.455>One <00:27:16.563>like <00:27:16.670>to <00:27:16.778>be <00:27:16.886>just <00:27:16.993>one <00:27:17.101>sentence <00:27:17.209>like <00:27:17.316>one <00:27:17.424>question <00:27:17.532>is <00:27:17.640>coming.

00:27:18.190 --> 00:27:18.200 align:start position:0%
<00:27:18.190>sentence <00:27:18.191>like <00:27:18.193>one <00:27:18.195>question <00:27:18.197>is <00:27:18.199>coming.

00:27:18.200 --> 00:27:20.950 align:start position:0%
<00:27:18.200>sentence <00:27:18.316>like <00:27:18.433>one <00:27:18.550>question <00:27:18.666>is <00:27:18.783>coming. <00:27:18.900>One <00:27:19.016>sentence <00:27:19.133>like <00:27:19.250>each <00:27:19.366>please <00:27:19.483>before <00:27:19.600>we

00:27:20.950 --> 00:27:20.960 align:start position:0%
<00:27:20.950>One <00:27:20.951>sentence <00:27:20.953>like <00:27:20.954>each <00:27:20.956>please <00:27:20.957>before <00:27:20.959>we

00:27:20.960 --> 00:27:24.630 align:start position:0%
<00:27:20.960>One <00:27:21.067>sentence <00:27:21.175>like <00:27:21.283>each <00:27:21.390>please <00:27:21.498>before <00:27:21.606>we <00:27:21.713>close <00:27:21.821>as <00:27:21.929>well. <00:27:22.036>Like <00:27:22.144>so <00:27:22.252>burden, <00:27:22.360>barrier,

00:27:24.630 --> 00:27:24.640 align:start position:0%
<00:27:24.630>close <00:27:24.631>as <00:27:24.633>well. <00:27:24.634>Like <00:27:24.636>so <00:27:24.637>burden, <00:27:24.639>barrier,

00:27:24.640 --> 00:27:27.190 align:start position:0%
<00:27:24.640>close <00:27:24.747>as <00:27:24.855>well. <00:27:24.963>Like <00:27:25.070>so <00:27:25.178>burden, <00:27:25.286>barrier, <00:27:25.393>or <00:27:25.501>advantage. <00:27:25.609>One <00:27:25.716>word <00:27:25.824>like <00:27:25.932>down <00:27:26.040>the

00:27:27.190 --> 00:27:27.200 align:start position:0%
<00:27:27.190>or <00:27:27.191>advantage. <00:27:27.193>One <00:27:27.194>word <00:27:27.196>like <00:27:27.197>down <00:27:27.199>the

00:27:27.200 --> 00:27:28.790 align:start position:0%
<00:27:27.200>or <00:27:27.400>advantage. <00:27:27.600>One <00:27:27.800>word <00:27:28.000>like <00:27:28.200>down <00:27:28.400>the <00:27:28.600>line.

00:27:28.790 --> 00:27:28.800 align:start position:0%
line.

00:27:28.800 --> 00:27:31.350 align:start position:0%
<00:27:28.800>line. <00:27:29.080>&gt;&gt; <00:27:29.360>Um <00:27:29.639>I <00:27:29.919>think <00:27:30.200>misunderstood

00:27:31.350 --> 00:27:31.360 align:start position:0%
<00:27:31.350>&gt;&gt; <00:27:31.352>Um <00:27:31.354>I <00:27:31.356>think <00:27:31.359>misunderstood

00:27:31.360 --> 00:27:33.350 align:start position:0%
<00:27:31.360>&gt;&gt; <00:27:31.515>Um <00:27:31.671>I <00:27:31.826>think <00:27:31.982>misunderstood <00:27:32.137>because <00:27:32.293>regulation <00:27:32.448>ultimately <00:27:32.604>just <00:27:32.760>means

00:27:33.350 --> 00:27:33.360 align:start position:0%
<00:27:33.350>because <00:27:33.352>regulation <00:27:33.354>ultimately <00:27:33.356>just <00:27:33.359>means

00:27:33.360 --> 00:27:35.430 align:start position:0%
<00:27:33.360>because <00:27:33.534>regulation <00:27:33.709>ultimately <00:27:33.885>just <00:27:34.060>means <00:27:34.235>laws <00:27:34.409>put <00:27:34.584>into <00:27:34.760>place.

00:27:35.430 --> 00:27:35.440 align:start position:0%
<00:27:35.430>laws <00:27:35.433>put <00:27:35.436>into <00:27:35.439>place.

00:27:35.440 --> 00:27:36.710 align:start position:0%
<00:27:35.440>laws <00:27:35.725>put <00:27:36.011>into <00:27:36.297>place. <00:27:36.583>And

00:27:36.710 --> 00:27:36.720 align:start position:0%
And

00:27:36.720 --> 00:27:39.550 align:start position:0%
<00:27:36.720>And <00:27:36.895>we <00:27:37.070>need <00:27:37.245>pan-European <00:27:37.420>rule <00:27:37.595>sets <00:27:37.770>to <00:27:37.945>uh <00:27:38.120>use

00:27:39.550 --> 00:27:39.560 align:start position:0%
<00:27:39.550>we <00:27:39.551>need <00:27:39.552>pan-European <00:27:39.553>rule <00:27:39.555>sets <00:27:39.556>to <00:27:39.557>uh <00:27:39.559>use

00:27:39.560 --> 00:27:43.350 align:start position:0%
<00:27:39.560>we <00:27:39.715>need <00:27:39.871>pan-European <00:27:40.026>rule <00:27:40.182>sets <00:27:40.337>to <00:27:40.493>uh <00:27:40.648>use <00:27:40.804>pan-European <00:27:40.960>scale.

00:27:43.360 --> 00:27:44.364 align:start position:0%
<00:27:43.360>&gt;&gt; <00:27:44.263>Uh

00:27:44.364 --> 00:27:44.374 align:start position:0%
<00:27:44.364>&gt;&gt; <00:27:44.373>Uh

00:27:44.374 --> 00:27:44.950 align:start position:0%
<00:27:44.374>&gt;&gt; <00:27:44.546>Uh <00:27:44.719>&gt;&gt; <00:27:44.892>[sighs]

00:27:44.950 --> 00:27:44.960 align:start position:0%
<00:27:44.950>&gt;&gt; <00:27:44.959>[sighs]

00:27:44.960 --> 00:27:46.830 align:start position:0%
<00:27:44.960>&gt;&gt; <00:27:45.310>[sighs] <00:27:45.660>&gt;&gt; <00:27:46.010>uh <00:27:46.360>opportunity,

00:27:46.830 --> 00:27:46.840 align:start position:0%
<00:27:46.830>&gt;&gt; <00:27:46.834>uh <00:27:46.839>opportunity,

00:27:46.840 --> 00:27:47.790 align:start position:0%
<00:27:46.840>&gt;&gt; <00:27:47.125>uh <00:27:47.409>opportunity, <00:27:47.695>um

00:27:47.790 --> 00:27:47.800 align:start position:0%
um

00:27:47.800 --> 00:27:50.710 align:start position:0%
<00:27:47.800>um <00:27:48.500>but <00:27:49.200>hard.

00:27:50.720 --> 00:27:52.550 align:start position:0%
<00:27:50.720>&gt;&gt; <00:27:50.895>I <00:27:51.070>think <00:27:51.245>burden <00:27:51.420>like <00:27:51.595>it's <00:27:51.770>a <00:27:51.945>burden <00:27:52.120>right

00:27:52.550 --> 00:27:52.560 align:start position:0%
<00:27:52.550>&gt;&gt; <00:27:52.551>I <00:27:52.552>think <00:27:52.553>burden <00:27:52.554>like <00:27:52.555>it's <00:27:52.556>a <00:27:52.557>burden <00:27:52.559>right

00:27:52.560 --> 00:27:55.350 align:start position:0%
<00:27:52.560>&gt;&gt; <00:27:52.653>I <00:27:52.746>think <00:27:52.840>burden <00:27:52.933>like <00:27:53.026>it's <00:27:53.120>a <00:27:53.213>burden <00:27:53.306>right <00:27:53.399>now, <00:27:53.493>but <00:27:53.586>can <00:27:53.679>be <00:27:53.773>a <00:27:53.866>big <00:27:53.960>opportunity.

00:27:55.350 --> 00:27:55.360 align:start position:0%
<00:27:55.350>now, <00:27:55.351>but <00:27:55.352>can <00:27:55.354>be <00:27:55.356>a <00:27:55.357>big <00:27:55.359>opportunity.

00:27:55.360 --> 00:27:56.230 align:start position:0%
<00:27:55.360>now, <00:27:55.457>but <00:27:55.555>can <00:27:55.653>be <00:27:55.751>a <00:27:55.849>big <00:27:55.947>opportunity. <00:27:56.045>&gt;&gt; <00:27:56.143>Yeah.

00:27:56.230 --> 00:27:56.240 align:start position:0%
<00:27:56.230>&gt;&gt; <00:27:56.239>Yeah.

00:27:56.240 --> 00:27:58.350 align:start position:0%
<00:27:56.240>&gt;&gt; <00:27:56.415>Yeah. <00:27:56.590>Uh <00:27:56.765>the <00:27:56.940>follow-up <00:27:57.115>question <00:27:57.290>is <00:27:57.465>uh <00:27:57.640>for

00:27:58.350 --> 00:27:58.360 align:start position:0%
<00:27:58.350>Uh <00:27:58.351>the <00:27:58.352>follow-up <00:27:58.354>question <00:27:58.356>is <00:27:58.357>uh <00:27:58.359>for

00:27:58.360 --> 00:28:00.830 align:start position:0%
<00:27:58.360>Uh <00:27:58.459>the <00:27:58.560>follow-up <00:27:58.659>question <00:27:58.760>is <00:27:58.860>uh <00:27:58.959>for <00:27:59.060>Andreas. <00:27:59.159>Uh <00:27:59.260>what <00:27:59.360>do <00:27:59.459>you <00:27:59.560>have <00:27:59.659>in <00:27:59.760>mind

00:28:00.830 --> 00:28:00.840 align:start position:0%
<00:28:00.830>Andreas. <00:28:00.831>Uh <00:28:00.832>what <00:28:00.833>do <00:28:00.835>you <00:28:00.836>have <00:28:00.837>in <00:28:00.839>mind

00:28:00.840 --> 00:28:03.390 align:start position:0%
<00:28:00.840>Andreas. <00:28:00.933>Uh <00:28:01.026>what <00:28:01.120>do <00:28:01.213>you <00:28:01.306>have <00:28:01.399>in <00:28:01.493>mind <00:28:01.586>when <00:28:01.679>you <00:28:01.773>say <00:28:01.866>that <00:28:01.959>safety <00:28:02.053>does <00:28:02.146>not <00:28:02.240>need

00:28:03.390 --> 00:28:03.400 align:start position:0%
<00:28:03.390>when <00:28:03.391>you <00:28:03.392>say <00:28:03.393>that <00:28:03.395>safety <00:28:03.396>does <00:28:03.397>not <00:28:03.399>need

00:28:03.400 --> 00:28:05.830 align:start position:0%
<00:28:03.400>when <00:28:03.500>you <00:28:03.600>say <00:28:03.700>that <00:28:03.800>safety <00:28:03.900>does <00:28:04.000>not <00:28:04.100>need <00:28:04.200>to <00:28:04.300>be <00:28:04.400>ensured <00:28:04.500>with <00:28:04.600>a <00:28:04.700>paper <00:28:04.800>trail?

00:28:05.830 --> 00:28:05.840 align:start position:0%
<00:28:05.830>to <00:28:05.831>be <00:28:05.832>ensured <00:28:05.834>with <00:28:05.836>a <00:28:05.837>paper <00:28:05.839>trail?

00:28:05.840 --> 00:28:07.790 align:start position:0%
<00:28:05.840>to <00:28:05.933>be <00:28:06.026>ensured <00:28:06.120>with <00:28:06.213>a <00:28:06.306>paper <00:28:06.399>trail? <00:28:06.493>&gt;&gt; <00:28:06.586>So, <00:28:06.679>a <00:28:06.773>lot <00:28:06.866>of <00:28:06.959>the <00:28:07.053>regulation <00:28:07.146>that <00:28:07.240>you

00:28:07.790 --> 00:28:07.800 align:start position:0%
<00:28:07.790>&gt;&gt; <00:28:07.791>So, <00:28:07.792>a <00:28:07.793>lot <00:28:07.794>of <00:28:07.795>the <00:28:07.796>regulation <00:28:07.797>that <00:28:07.799>you

00:28:07.800 --> 00:28:10.830 align:start position:0%
<00:28:07.800>&gt;&gt; <00:28:07.893>So, <00:28:07.986>a <00:28:08.080>lot <00:28:08.173>of <00:28:08.266>the <00:28:08.360>regulation <00:28:08.453>that <00:28:08.546>you <00:28:08.639>currently <00:28:08.733>have <00:28:08.826>uh <00:28:08.919>to <00:28:09.013>many <00:28:09.106>extent <00:28:09.200>asks

00:28:10.830 --> 00:28:10.840 align:start position:0%
<00:28:10.830>currently <00:28:10.831>have <00:28:10.832>uh <00:28:10.834>to <00:28:10.836>many <00:28:10.837>extent <00:28:10.839>asks

00:28:10.840 --> 00:28:13.830 align:start position:0%
<00:28:10.840>currently <00:28:10.933>have <00:28:11.026>uh <00:28:11.120>to <00:28:11.213>many <00:28:11.306>extent <00:28:11.399>asks <00:28:11.493>you <00:28:11.586>to <00:28:11.679>provide <00:28:11.773>a <00:28:11.866>lot <00:28:11.959>of <00:28:12.053>paper <00:28:12.146>trail. <00:28:12.240>So,

00:28:13.830 --> 00:28:13.840 align:start position:0%
<00:28:13.830>you <00:28:13.831>to <00:28:13.832>provide <00:28:13.833>a <00:28:13.834>lot <00:28:13.835>of <00:28:13.836>paper <00:28:13.837>trail. <00:28:13.839>So,

00:28:13.840 --> 00:28:16.150 align:start position:0%
<00:28:13.840>you <00:28:13.939>to <00:28:14.040>provide <00:28:14.139>a <00:28:14.240>lot <00:28:14.340>of <00:28:14.439>paper <00:28:14.540>trail. <00:28:14.639>So, <00:28:14.740>for <00:28:14.840>example, <00:28:14.939>for <00:28:15.040>cybersecurity <00:28:15.139>to <00:28:15.240>prove

00:28:16.150 --> 00:28:16.160 align:start position:0%
<00:28:16.150>for <00:28:16.151>example, <00:28:16.153>for <00:28:16.155>cybersecurity <00:28:16.157>to <00:28:16.159>prove

00:28:16.160 --> 00:28:18.550 align:start position:0%
<00:28:16.160>for <00:28:16.267>example, <00:28:16.375>for <00:28:16.483>cybersecurity <00:28:16.590>to <00:28:16.698>prove <00:28:16.806>that <00:28:16.913>your <00:28:17.021>vendors <00:28:17.129>ABCD, <00:28:17.236>the <00:28:17.344>same <00:28:17.452>is <00:28:17.560>with

00:28:18.550 --> 00:28:18.560 align:start position:0%
<00:28:18.550>that <00:28:18.551>your <00:28:18.552>vendors <00:28:18.553>ABCD, <00:28:18.555>the <00:28:18.556>same <00:28:18.557>is <00:28:18.559>with

00:28:18.560 --> 00:28:19.990 align:start position:0%
<00:28:18.560>that <00:28:18.640>your <00:28:18.720>vendors <00:28:18.801>ABCD, <00:28:18.881>the <00:28:18.962>same <00:28:19.042>is <00:28:19.123>with <00:28:19.203>like <00:28:19.283>supply <00:28:19.364>chains <00:28:19.444>and <00:28:19.525>so <00:28:19.605>on <00:28:19.686>and <00:28:19.766>so <00:28:19.847>on

00:28:19.990 --> 00:28:20.000 align:start position:0%
<00:28:19.990>like <00:28:19.991>supply <00:28:19.992>chains <00:28:19.993>and <00:28:19.994>so <00:28:19.995>on <00:28:19.996>and <00:28:19.997>so <00:28:19.999>on

00:28:20.000 --> 00:28:21.910 align:start position:0%
<00:28:20.000>like <00:28:20.082>supply <00:28:20.164>chains <00:28:20.247>and <00:28:20.329>so <00:28:20.411>on <00:28:20.494>and <00:28:20.576>so <00:28:20.658>on <00:28:20.741>and <00:28:20.823>so <00:28:20.905>on. <00:28:20.988>This <00:28:21.070>uh <00:28:21.152>to <00:28:21.235>some <00:28:21.317>extent <00:28:21.400>the

00:28:21.910 --> 00:28:21.920 align:start position:0%
<00:28:21.910>and <00:28:21.911>so <00:28:21.912>on. <00:28:21.913>This <00:28:21.914>uh <00:28:21.915>to <00:28:21.916>some <00:28:21.917>extent <00:28:21.919>the

00:28:21.920 --> 00:28:24.030 align:start position:0%
<00:28:21.920>and <00:28:22.007>so <00:28:22.095>on. <00:28:22.182>This <00:28:22.270>uh <00:28:22.357>to <00:28:22.445>some <00:28:22.532>extent <00:28:22.620>the <00:28:22.707>same <00:28:22.795>with <00:28:22.882>GDPR, <00:28:22.970>the <00:28:23.057>same <00:28:23.145>with <00:28:23.232>AI <00:28:23.320>Act,

00:28:24.030 --> 00:28:24.040 align:start position:0%
<00:28:24.030>same <00:28:24.031>with <00:28:24.032>GDPR, <00:28:24.033>the <00:28:24.035>same <00:28:24.036>with <00:28:24.037>AI <00:28:24.039>Act,

00:28:24.040 --> 00:28:27.390 align:start position:0%
<00:28:24.040>same <00:28:24.122>with <00:28:24.204>GDPR, <00:28:24.287>the <00:28:24.369>same <00:28:24.451>with <00:28:24.534>AI <00:28:24.616>Act, <00:28:24.698>and <00:28:24.781>so <00:28:24.863>on <00:28:24.945>and <00:28:25.028>so <00:28:25.110>on. <00:28:25.192>Um <00:28:25.275>in <00:28:25.357>many <00:28:25.440>cases,

00:28:27.390 --> 00:28:27.400 align:start position:0%
<00:28:27.390>and <00:28:27.391>so <00:28:27.392>on <00:28:27.393>and <00:28:27.394>so <00:28:27.395>on. <00:28:27.396>Um <00:28:27.397>in <00:28:27.398>many <00:28:27.399>cases,

00:28:27.400 --> 00:28:28.990 align:start position:0%
<00:28:27.400>and <00:28:27.493>so <00:28:27.586>on <00:28:27.680>and <00:28:27.773>so <00:28:27.866>on. <00:28:27.960>Um <00:28:28.053>in <00:28:28.146>many <00:28:28.240>cases, <00:28:28.333>that's <00:28:28.426>paperwork <00:28:28.520>for <00:28:28.613>the <00:28:28.706>sake <00:28:28.800>of

00:28:28.990 --> 00:28:29.000 align:start position:0%
<00:28:28.990>that's <00:28:28.991>paperwork <00:28:28.993>for <00:28:28.995>the <00:28:28.997>sake <00:28:28.999>of

00:28:29.000 --> 00:28:31.870 align:start position:0%
<00:28:29.000>that's <00:28:29.116>paperwork <00:28:29.233>for <00:28:29.350>the <00:28:29.466>sake <00:28:29.583>of <00:28:29.700>paperwork. <00:28:29.816>In <00:28:29.933>the <00:28:30.050>hopeful <00:28:30.166>case <00:28:30.283>is <00:28:30.400>that

00:28:31.870 --> 00:28:31.880 align:start position:0%
<00:28:31.870>paperwork. <00:28:31.871>In <00:28:31.873>the <00:28:31.874>hopeful <00:28:31.876>case <00:28:31.877>is <00:28:31.879>that

00:28:31.880 --> 00:28:34.030 align:start position:0%
<00:28:31.880>paperwork. <00:28:31.987>In <00:28:32.095>the <00:28:32.203>hopeful <00:28:32.310>case <00:28:32.418>is <00:28:32.526>that <00:28:32.633>the <00:28:32.741>team <00:28:32.849>reflects <00:28:32.956>and <00:28:33.064>like <00:28:33.172>changes <00:28:33.280>how

00:28:34.030 --> 00:28:34.040 align:start position:0%
<00:28:34.030>the <00:28:34.031>team <00:28:34.033>reflects <00:28:34.034>and <00:28:34.036>like <00:28:34.037>changes <00:28:34.039>how

00:28:34.040 --> 00:28:36.110 align:start position:0%
<00:28:34.040>the <00:28:34.139>team <00:28:34.240>reflects <00:28:34.340>and <00:28:34.440>like <00:28:34.540>changes <00:28:34.639>how <00:28:34.740>they <00:28:34.840>do <00:28:34.940>stuff, <00:28:35.040>but <00:28:35.139>in <00:28:35.240>most <00:28:35.340>cases <00:28:35.440>when

00:28:36.110 --> 00:28:36.120 align:start position:0%
<00:28:36.110>they <00:28:36.111>do <00:28:36.112>stuff, <00:28:36.113>but <00:28:36.115>in <00:28:36.116>most <00:28:36.117>cases <00:28:36.119>when

00:28:36.120 --> 00:28:38.350 align:start position:0%
<00:28:36.120>they <00:28:36.247>do <00:28:36.374>stuff, <00:28:36.501>but <00:28:36.629>in <00:28:36.756>most <00:28:36.883>cases <00:28:37.010>when <00:28:37.138>the <00:28:37.265>company <00:28:37.392>scales <00:28:37.520>uh

00:28:38.350 --> 00:28:38.360 align:start position:0%
<00:28:38.350>the <00:28:38.352>company <00:28:38.356>scales <00:28:38.359>uh

00:28:38.360 --> 00:28:39.910 align:start position:0%
<00:28:38.360>the <00:28:38.486>company <00:28:38.613>scales <00:28:38.740>uh <00:28:38.867>you <00:28:38.994>have <00:28:39.120>like <00:28:39.247>a <00:28:39.374>dedicated <00:28:39.501>one <00:28:39.628>or <00:28:39.755>two

00:28:39.910 --> 00:28:39.920 align:start position:0%
<00:28:39.910>you <00:28:39.911>have <00:28:39.912>like <00:28:39.913>a <00:28:39.915>dedicated <00:28:39.916>one <00:28:39.917>or <00:28:39.919>two

00:28:39.920 --> 00:28:41.550 align:start position:0%
<00:28:39.920>you <00:28:40.047>have <00:28:40.174>like <00:28:40.301>a <00:28:40.429>dedicated <00:28:40.556>one <00:28:40.683>or <00:28:40.810>two <00:28:40.938>people <00:28:41.065>just <00:28:41.192>doing <00:28:41.320>that.

00:28:41.550 --> 00:28:41.560 align:start position:0%
<00:28:41.550>people <00:28:41.553>just <00:28:41.556>doing <00:28:41.559>that.

00:28:41.560 --> 00:28:42.830 align:start position:0%
<00:28:41.560>people <00:28:41.788>just <00:28:42.017>doing <00:28:42.245>that. <00:28:42.474>Uh <00:28:42.703>so

00:28:42.830 --> 00:28:42.840 align:start position:0%
<00:28:42.830>Uh <00:28:42.839>so

00:28:42.840 --> 00:28:45.590 align:start position:0%
<00:28:42.840>Uh <00:28:42.980>so <00:28:43.120>I <00:28:43.260>I <00:28:43.399>I <00:28:43.540>just <00:28:43.679>don't <00:28:43.820>believe <00:28:43.959>that's <00:28:44.100>the <00:28:44.240>main

00:28:45.590 --> 00:28:45.600 align:start position:0%
<00:28:45.590>I <00:28:45.591>I <00:28:45.592>I <00:28:45.593>just <00:28:45.594>don't <00:28:45.595>believe <00:28:45.596>that's <00:28:45.597>the <00:28:45.599>main

00:28:45.600 --> 00:28:47.990 align:start position:0%
<00:28:45.600>I <00:28:45.687>I <00:28:45.774>I <00:28:45.862>just <00:28:45.949>don't <00:28:46.037>believe <00:28:46.125>that's <00:28:46.212>the <00:28:46.300>main <00:28:46.387>From <00:28:46.475>my <00:28:46.562>point <00:28:46.649>of <00:28:46.737>view, <00:28:46.824>laws <00:28:46.912>should <00:28:47.000>be

00:28:47.990 --> 00:28:48.000 align:start position:0%
<00:28:47.990>From <00:28:47.991>my <00:28:47.992>point <00:28:47.993>of <00:28:47.995>view, <00:28:47.996>laws <00:28:47.997>should <00:28:47.999>be

00:28:48.000 --> 00:28:50.310 align:start position:0%
<00:28:48.000>From <00:28:48.093>my <00:28:48.186>point <00:28:48.280>of <00:28:48.373>view, <00:28:48.466>laws <00:28:48.560>should <00:28:48.653>be <00:28:48.746>done <00:28:48.840>to <00:28:48.933>enable <00:28:49.026>stuff <00:28:49.120>and <00:28:49.213>not <00:28:49.306>just <00:28:49.400>like

00:28:50.310 --> 00:28:50.320 align:start position:0%
<00:28:50.310>done <00:28:50.311>to <00:28:50.312>enable <00:28:50.313>stuff <00:28:50.315>and <00:28:50.316>not <00:28:50.317>just <00:28:50.319>like

00:28:50.320 --> 00:28:54.150 align:start position:0%
<00:28:50.320>done <00:28:50.407>to <00:28:50.495>enable <00:28:50.582>stuff <00:28:50.669>and <00:28:50.757>not <00:28:50.845>just <00:28:50.932>like <00:28:51.020>limit <00:28:51.107>stuff. <00:28:51.195>And <00:28:51.282>I <00:28:51.370>think <00:28:51.457>that <00:28:51.544>the <00:28:51.632>like <00:28:51.720>I

00:28:54.150 --> 00:28:54.160 align:start position:0%
<00:28:54.150>limit <00:28:54.151>stuff. <00:28:54.152>And <00:28:54.153>I <00:28:54.154>think <00:28:54.155>that <00:28:54.156>the <00:28:54.157>like <00:28:54.159>I

00:28:54.160 --> 00:28:56.390 align:start position:0%
<00:28:54.160>limit <00:28:54.260>stuff. <00:28:54.360>And <00:28:54.460>I <00:28:54.560>think <00:28:54.660>that <00:28:54.760>the <00:28:54.860>like <00:28:54.960>I <00:28:55.060>I <00:28:55.160>understand <00:28:55.260>the <00:28:55.360>intent <00:28:55.460>and <00:28:55.560>everything,

00:28:56.390 --> 00:28:56.400 align:start position:0%
<00:28:56.390>I <00:28:56.391>understand <00:28:56.393>the <00:28:56.395>intent <00:28:56.397>and <00:28:56.399>everything,

00:28:56.400 --> 00:28:59.110 align:start position:0%
<00:28:56.400>I <00:28:56.527>understand <00:28:56.654>the <00:28:56.781>intent <00:28:56.909>and <00:28:57.036>everything, <00:28:57.163>but <00:28:57.290>it's <00:28:57.418>very, <00:28:57.545>very <00:28:57.672>questionable <00:28:57.800>if

00:28:59.110 --> 00:28:59.120 align:start position:0%
<00:28:59.110>but <00:28:59.111>it's <00:28:59.113>very, <00:28:59.115>very <00:28:59.117>questionable <00:28:59.119>if

00:28:59.120 --> 00:29:00.710 align:start position:0%
<00:28:59.120>but <00:28:59.236>it's <00:28:59.353>very, <00:28:59.469>very <00:28:59.586>questionable <00:28:59.703>if <00:28:59.820>that's <00:28:59.936>the <00:29:00.053>main <00:29:00.169>thing <00:29:00.286>that <00:29:00.403>people <00:29:00.520>should

00:29:00.710 --> 00:29:00.720 align:start position:0%
<00:29:00.710>that's <00:29:00.711>the <00:29:00.713>main <00:29:00.714>thing <00:29:00.716>that <00:29:00.717>people <00:29:00.719>should

00:29:00.720 --> 00:29:02.270 align:start position:0%
<00:29:00.720>that's <00:29:00.813>the <00:29:00.906>main <00:29:00.999>thing <00:29:01.092>that <00:29:01.185>people <00:29:01.278>should <00:29:01.371>do <00:29:01.464>in <00:29:01.557>the <00:29:01.650>first <00:29:01.743>one <00:29:01.836>or <00:29:01.929>two <00:29:02.022>years <00:29:02.115>of

00:29:02.270 --> 00:29:02.280 align:start position:0%
<00:29:02.270>do <00:29:02.271>in <00:29:02.272>the <00:29:02.273>first <00:29:02.274>one <00:29:02.275>or <00:29:02.276>two <00:29:02.277>years <00:29:02.279>of

00:29:02.280 --> 00:29:05.550 align:start position:0%
<00:29:02.280>do <00:29:02.407>in <00:29:02.534>the <00:29:02.661>first <00:29:02.789>one <00:29:02.916>or <00:29:03.043>two <00:29:03.170>years <00:29:03.298>of <00:29:03.425>their <00:29:03.552>company's <00:29:03.680>existence.

00:29:05.560 --> 00:29:09.630 align:start position:0%
<00:29:05.560>&gt;&gt; <00:29:05.793>Uh <00:29:06.026>maybe <00:29:06.260>follow <00:29:06.493>up <00:29:06.726>question, <00:29:06.960>like

00:29:09.630 --> 00:29:09.640 align:start position:0%
<00:29:09.630>&gt;&gt; <00:29:09.631>Uh <00:29:09.633>maybe <00:29:09.634>follow <00:29:09.636>up <00:29:09.637>question, <00:29:09.639>like

00:29:09.640 --> 00:29:12.510 align:start position:0%
<00:29:09.640>&gt;&gt; <00:29:09.733>Uh <00:29:09.826>maybe <00:29:09.920>follow <00:29:10.013>up <00:29:10.106>question, <00:29:10.200>like <00:29:10.293>what <00:29:10.386>would <00:29:10.480>you <00:29:10.573>have <00:29:10.666>built <00:29:10.760>by <00:29:10.853>now <00:29:10.946>if <00:29:11.040>the

00:29:12.510 --> 00:29:12.520 align:start position:0%
<00:29:12.510>what <00:29:12.511>would <00:29:12.512>you <00:29:12.513>have <00:29:12.514>built <00:29:12.515>by <00:29:12.516>now <00:29:12.517>if <00:29:12.519>the

00:29:12.520 --> 00:29:16.110 align:start position:0%
<00:29:12.520>what <00:29:12.613>would <00:29:12.706>you <00:29:12.800>have <00:29:12.893>built <00:29:12.986>by <00:29:13.080>now <00:29:13.173>if <00:29:13.266>the <00:29:13.360>rules <00:29:13.453>had <00:29:13.546>been <00:29:13.639>different? <00:29:13.733>So, <00:29:13.826>and <00:29:13.920>would

00:29:16.110 --> 00:29:16.120 align:start position:0%
<00:29:16.110>rules <00:29:16.111>had <00:29:16.112>been <00:29:16.114>different? <00:29:16.116>So, <00:29:16.117>and <00:29:16.119>would

00:29:16.120 --> 00:29:19.070 align:start position:0%
<00:29:16.120>rules <00:29:16.247>had <00:29:16.374>been <00:29:16.501>different? <00:29:16.629>So, <00:29:16.756>and <00:29:16.883>would <00:29:17.010>would <00:29:17.138>it <00:29:17.265>have <00:29:17.392>been <00:29:17.520>better?

00:29:19.070 --> 00:29:19.080 align:start position:0%
<00:29:19.070>would <00:29:19.072>it <00:29:19.074>have <00:29:19.076>been <00:29:19.079>better?

00:29:19.080 --> 00:29:20.430 align:start position:0%
<00:29:19.080>would <00:29:19.181>it <00:29:19.282>have <00:29:19.383>been <00:29:19.485>better? <00:29:19.586>&gt;&gt; <00:29:19.687>I <00:29:19.788>think <00:29:19.890>the <00:29:19.991>biggest <00:29:20.092>problem <00:29:20.193>we <00:29:20.295>have

00:29:20.430 --> 00:29:20.440 align:start position:0%
<00:29:20.430>&gt;&gt; <00:29:20.431>I <00:29:20.432>think <00:29:20.433>the <00:29:20.435>biggest <00:29:20.436>problem <00:29:20.437>we <00:29:20.439>have

00:29:20.440 --> 00:29:23.470 align:start position:0%
<00:29:20.440>&gt;&gt; <00:29:20.527>I <00:29:20.615>think <00:29:20.702>the <00:29:20.790>biggest <00:29:20.877>problem <00:29:20.965>we <00:29:21.052>have <00:29:21.140>right <00:29:21.227>now <00:29:21.315>in <00:29:21.402>Europe <00:29:21.490>is <00:29:21.577>we <00:29:21.665>lack <00:29:21.752>the <00:29:21.840>scale

00:29:23.470 --> 00:29:23.480 align:start position:0%
<00:29:23.470>right <00:29:23.471>now <00:29:23.472>in <00:29:23.473>Europe <00:29:23.474>is <00:29:23.475>we <00:29:23.476>lack <00:29:23.477>the <00:29:23.479>scale

00:29:23.480 --> 00:29:25.310 align:start position:0%
<00:29:23.480>right <00:29:23.587>now <00:29:23.695>in <00:29:23.803>Europe <00:29:23.910>is <00:29:24.018>we <00:29:24.126>lack <00:29:24.233>the <00:29:24.341>scale <00:29:24.449>for <00:29:24.556>companies <00:29:24.664>to <00:29:24.772>actually <00:29:24.880>become

00:29:25.310 --> 00:29:25.320 align:start position:0%
<00:29:25.310>for <00:29:25.312>companies <00:29:25.314>to <00:29:25.316>actually <00:29:25.319>become

00:29:25.320 --> 00:29:27.390 align:start position:0%
<00:29:25.320>for <00:29:25.447>companies <00:29:25.574>to <00:29:25.701>actually <00:29:25.829>become <00:29:25.956>massive. <00:29:26.083>And <00:29:26.210>you <00:29:26.338>can <00:29:26.465>call <00:29:26.592>it <00:29:26.720>like

00:29:27.390 --> 00:29:27.400 align:start position:0%
<00:29:27.390>massive. <00:29:27.391>And <00:29:27.393>you <00:29:27.394>can <00:29:27.396>call <00:29:27.397>it <00:29:27.399>like

00:29:27.400 --> 00:29:29.070 align:start position:0%
<00:29:27.400>massive. <00:29:27.507>And <00:29:27.615>you <00:29:27.723>can <00:29:27.830>call <00:29:27.938>it <00:29:28.046>like <00:29:28.153>investors <00:29:28.261>lacking <00:29:28.369>the <00:29:28.476>risk <00:29:28.584>or <00:29:28.692>like <00:29:28.800>not

00:29:29.070 --> 00:29:29.080 align:start position:0%
<00:29:29.070>investors <00:29:29.071>lacking <00:29:29.072>the <00:29:29.074>risk <00:29:29.076>or <00:29:29.077>like <00:29:29.079>not

00:29:29.080 --> 00:29:31.350 align:start position:0%
<00:29:29.080>investors <00:29:29.207>lacking <00:29:29.334>the <00:29:29.461>risk <00:29:29.589>or <00:29:29.716>like <00:29:29.843>not <00:29:29.970>enough <00:29:30.098>investors. <00:29:30.225>Ultimately, <00:29:30.352>all <00:29:30.480>of

00:29:31.350 --> 00:29:31.360 align:start position:0%
<00:29:31.350>enough <00:29:31.352>investors. <00:29:31.354>Ultimately, <00:29:31.356>all <00:29:31.359>of

00:29:31.360 --> 00:29:34.390 align:start position:0%
<00:29:31.360>enough <00:29:31.476>investors. <00:29:31.593>Ultimately, <00:29:31.709>all <00:29:31.826>of <00:29:31.943>that <00:29:32.060>is <00:29:32.176>just <00:29:32.293>a <00:29:32.409>system. <00:29:32.526>And <00:29:32.643>if <00:29:32.760>something

00:29:34.390 --> 00:29:34.400 align:start position:0%
<00:29:34.390>that <00:29:34.391>is <00:29:34.392>just <00:29:34.393>a <00:29:34.395>system. <00:29:34.396>And <00:29:34.397>if <00:29:34.399>something

00:29:34.400 --> 00:29:35.830 align:start position:0%
<00:29:34.400>that <00:29:34.491>is <00:29:34.583>just <00:29:34.675>a <00:29:34.767>system. <00:29:34.859>And <00:29:34.951>if <00:29:35.043>something <00:29:35.135>is <00:29:35.227>more <00:29:35.319>likely <00:29:35.411>to <00:29:35.503>succeed, <00:29:35.595>you're <00:29:35.687>more

00:29:35.830 --> 00:29:35.840 align:start position:0%
<00:29:35.830>is <00:29:35.831>more <00:29:35.832>likely <00:29:35.834>to <00:29:35.836>succeed, <00:29:35.837>you're <00:29:35.839>more

00:29:35.840 --> 00:29:37.030 align:start position:0%
<00:29:35.840>is <00:29:35.916>more <00:29:35.993>likely <00:29:36.069>to <00:29:36.146>succeed, <00:29:36.222>you're <00:29:36.299>more <00:29:36.375>likely <00:29:36.452>to <00:29:36.528>do <00:29:36.605>it. <00:29:36.681>If <00:29:36.758>something <00:29:36.834>has <00:29:36.911>a

00:29:37.030 --> 00:29:37.040 align:start position:0%
<00:29:37.030>likely <00:29:37.031>to <00:29:37.032>do <00:29:37.033>it. <00:29:37.035>If <00:29:37.036>something <00:29:37.037>has <00:29:37.039>a

00:29:37.040 --> 00:29:38.350 align:start position:0%
<00:29:37.040>likely <00:29:37.138>to <00:29:37.236>do <00:29:37.334>it. <00:29:37.433>If <00:29:37.531>something <00:29:37.629>has <00:29:37.727>a <00:29:37.826>likely <00:29:37.924>higher <00:29:38.022>outcome, <00:29:38.120>you're <00:29:38.218>more

00:29:38.350 --> 00:29:38.360 align:start position:0%
<00:29:38.350>likely <00:29:38.352>higher <00:29:38.354>outcome, <00:29:38.356>you're <00:29:38.359>more

00:29:38.360 --> 00:29:40.910 align:start position:0%
<00:29:38.360>likely <00:29:38.476>higher <00:29:38.593>outcome, <00:29:38.709>you're <00:29:38.826>more <00:29:38.943>likely <00:29:39.060>to <00:29:39.176>do <00:29:39.293>the <00:29:39.409>risk. <00:29:39.526>If <00:29:39.643>the <00:29:39.760>likelihood

00:29:40.910 --> 00:29:40.920 align:start position:0%
<00:29:40.910>likely <00:29:40.911>to <00:29:40.912>do <00:29:40.913>the <00:29:40.915>risk. <00:29:40.916>If <00:29:40.917>the <00:29:40.919>likelihood

00:29:40.920 --> 00:29:42.470 align:start position:0%
<00:29:40.920>likely <00:29:41.019>to <00:29:41.119>do <00:29:41.218>the <00:29:41.318>risk. <00:29:41.418>If <00:29:41.517>the <00:29:41.617>likelihood <00:29:41.717>of <00:29:41.816>that <00:29:41.916>making <00:29:42.016>you <00:29:42.115>very <00:29:42.215>rich, <00:29:42.315>you're

00:29:42.470 --> 00:29:42.480 align:start position:0%
<00:29:42.470>of <00:29:42.471>that <00:29:42.473>making <00:29:42.474>you <00:29:42.476>very <00:29:42.477>rich, <00:29:42.479>you're

00:29:42.480 --> 00:29:44.070 align:start position:0%
<00:29:42.480>of <00:29:42.580>that <00:29:42.680>making <00:29:42.780>you <00:29:42.880>very <00:29:42.980>rich, <00:29:43.080>you're <00:29:43.180>more <00:29:43.280>likely <00:29:43.380>to <00:29:43.480>invest <00:29:43.580>more <00:29:43.680>into <00:29:43.780>it, <00:29:43.880>and

00:29:44.070 --> 00:29:44.080 align:start position:0%
<00:29:44.070>more <00:29:44.071>likely <00:29:44.072>to <00:29:44.073>invest <00:29:44.075>more <00:29:44.076>into <00:29:44.077>it, <00:29:44.079>and

00:29:44.080 --> 00:29:46.390 align:start position:0%
<00:29:44.080>more <00:29:44.157>likely <00:29:44.235>to <00:29:44.313>invest <00:29:44.391>more <00:29:44.468>into <00:29:44.546>it, <00:29:44.624>and <00:29:44.702>so <00:29:44.780>on <00:29:44.857>and <00:29:44.935>so <00:29:45.013>on. <00:29:45.091>And <00:29:45.168>that <00:29:45.246>for <00:29:45.324>me <00:29:45.402>is <00:29:45.480>just

00:29:46.390 --> 00:29:46.400 align:start position:0%
<00:29:46.390>so <00:29:46.390>on <00:29:46.391>and <00:29:46.392>so <00:29:46.393>on. <00:29:46.394>And <00:29:46.395>that <00:29:46.396>for <00:29:46.397>me <00:29:46.398>is <00:29:46.399>just

00:29:46.400 --> 00:29:48.150 align:start position:0%
<00:29:46.400>so <00:29:46.493>on <00:29:46.586>and <00:29:46.680>so <00:29:46.773>on. <00:29:46.866>And <00:29:46.960>that <00:29:47.053>for <00:29:47.146>me <00:29:47.240>is <00:29:47.333>just <00:29:47.426>like <00:29:47.520>that <00:29:47.613>the <00:29:47.706>fundamental <00:29:47.800>infrastructure

00:29:48.150 --> 00:29:48.160 align:start position:0%
<00:29:48.150>like <00:29:48.152>that <00:29:48.154>the <00:29:48.156>fundamental <00:29:48.159>infrastructure

00:29:48.160 --> 00:29:50.470 align:start position:0%
<00:29:48.160>like <00:29:48.300>that <00:29:48.440>the <00:29:48.580>fundamental <00:29:48.720>infrastructure <00:29:48.860>for <00:29:49.000>startups <00:29:49.140>in <00:29:49.280>Europe <00:29:49.420>is <00:29:49.560>not

00:29:50.470 --> 00:29:50.480 align:start position:0%
<00:29:50.470>for <00:29:50.471>startups <00:29:50.473>in <00:29:50.475>Europe <00:29:50.477>is <00:29:50.479>not

00:29:50.480 --> 00:29:52.110 align:start position:0%
<00:29:50.480>for <00:29:50.655>startups <00:29:50.830>in <00:29:51.005>Europe <00:29:51.180>is <00:29:51.355>not <00:29:51.530>on <00:29:51.705>European <00:29:51.880>level.

00:29:52.110 --> 00:29:52.120 align:start position:0%
<00:29:52.110>on <00:29:52.114>European <00:29:52.119>level.

00:29:52.120 --> 00:29:53.230 align:start position:0%
<00:29:52.120>on <00:29:52.319>European <00:29:52.519>level. <00:29:52.719>&gt;&gt; <00:29:52.919>All <00:29:53.119>right.

00:29:53.230 --> 00:29:53.240 align:start position:0%
<00:29:53.230>&gt;&gt; <00:29:53.234>All <00:29:53.239>right.

00:29:53.240 --> 00:29:55.830 align:start position:0%
<00:29:53.240>&gt;&gt; <00:29:53.367>All <00:29:53.494>right. <00:29:53.621>I <00:29:53.749>believe <00:29:53.876>we <00:29:54.003>will <00:29:54.130>Asaja <00:29:54.258>will <00:29:54.385>be <00:29:54.512>one <00:29:54.640>of

00:29:55.830 --> 00:29:55.840 align:start position:0%
<00:29:55.830>I <00:29:55.831>believe <00:29:55.832>we <00:29:55.833>will <00:29:55.834>Asaja <00:29:55.835>will <00:29:55.836>be <00:29:55.837>one <00:29:55.839>of

00:29:55.840 --> 00:29:57.590 align:start position:0%
<00:29:55.840>I <00:29:55.939>believe <00:29:56.040>we <00:29:56.139>will <00:29:56.240>Asaja <00:29:56.340>will <00:29:56.439>be <00:29:56.540>one <00:29:56.639>of <00:29:56.740>the <00:29:56.840>biggest <00:29:56.939>tech <00:29:57.040>companies <00:29:57.139>in <00:29:57.240>Europe

00:29:57.590 --> 00:29:57.600 align:start position:0%
<00:29:57.590>the <00:29:57.591>biggest <00:29:57.593>tech <00:29:57.595>companies <00:29:57.597>in <00:29:57.599>Europe

00:29:57.600 --> 00:29:59.910 align:start position:0%
<00:29:57.600>the <00:29:57.707>biggest <00:29:57.815>tech <00:29:57.923>companies <00:29:58.030>in <00:29:58.138>Europe <00:29:58.246>within <00:29:58.353>the <00:29:58.461>5 <00:29:58.569>years, <00:29:58.676>and <00:29:58.784>I <00:29:58.892>believe <00:29:59.000>it's

00:29:59.910 --> 00:29:59.920 align:start position:0%
<00:29:59.910>within <00:29:59.911>the <00:29:59.912>5 <00:29:59.913>years, <00:29:59.915>and <00:29:59.916>I <00:29:59.917>believe <00:29:59.919>it's

00:29:59.920 --> 00:30:04.230 align:start position:0%
<00:29:59.920>within <00:30:00.013>the <00:30:00.106>5 <00:30:00.200>years, <00:30:00.293>and <00:30:00.386>I <00:30:00.480>believe <00:30:00.573>it's <00:30:00.666>going <00:30:00.760>to <00:30:00.853>be <00:30:00.946>that <00:30:01.040>because <00:30:01.133>of <00:30:01.226>our <00:30:01.320>value,

00:30:04.230 --> 00:30:04.240 align:start position:0%
<00:30:04.230>going <00:30:04.231>to <00:30:04.232>be <00:30:04.233>that <00:30:04.235>because <00:30:04.236>of <00:30:04.237>our <00:30:04.239>value,

00:30:04.240 --> 00:30:06.070 align:start position:0%
<00:30:04.240>going <00:30:04.395>to <00:30:04.551>be <00:30:04.706>that <00:30:04.862>because <00:30:05.017>of <00:30:05.173>our <00:30:05.328>value, <00:30:05.484>European <00:30:05.640>values.

00:30:06.070 --> 00:30:06.080 align:start position:0%
<00:30:06.070>European <00:30:06.079>values.

00:30:06.080 --> 00:30:07.870 align:start position:0%
<00:30:06.080>European <00:30:06.207>values. <00:30:06.334>&gt;&gt; <00:30:06.461>For <00:30:06.589>us <00:30:06.716>it <00:30:06.843>would <00:30:06.970>be <00:30:07.098>so <00:30:07.225>much <00:30:07.352>easier <00:30:07.480>to

00:30:07.870 --> 00:30:07.880 align:start position:0%
<00:30:07.870>&gt;&gt; <00:30:07.870>For <00:30:07.871>us <00:30:07.873>it <00:30:07.874>would <00:30:07.875>be <00:30:07.876>so <00:30:07.877>much <00:30:07.878>easier <00:30:07.879>to

00:30:07.880 --> 00:30:10.630 align:start position:0%
<00:30:07.880>&gt;&gt; <00:30:07.973>For <00:30:08.066>us <00:30:08.160>it <00:30:08.253>would <00:30:08.346>be <00:30:08.440>so <00:30:08.533>much <00:30:08.626>easier <00:30:08.720>to <00:30:08.813>scale <00:30:08.906>pan-European <00:30:09.000>if <00:30:09.093>also <00:30:09.186>even <00:30:09.280>rules

00:30:10.630 --> 00:30:10.640 align:start position:0%
<00:30:10.630>scale <00:30:10.631>pan-European <00:30:10.633>if <00:30:10.635>also <00:30:10.637>even <00:30:10.639>rules

00:30:10.640 --> 00:30:13.350 align:start position:0%
<00:30:10.640>scale <00:30:10.767>pan-European <00:30:10.894>if <00:30:11.021>also <00:30:11.149>even <00:30:11.276>rules <00:30:11.403>would <00:30:11.530>be <00:30:11.658>followed <00:30:11.785>consistently. <00:30:11.912>And <00:30:12.040>for

00:30:13.350 --> 00:30:13.360 align:start position:0%
<00:30:13.350>would <00:30:13.351>be <00:30:13.353>followed <00:30:13.355>consistently. <00:30:13.357>And <00:30:13.359>for

00:30:13.360 --> 00:30:15.310 align:start position:0%
<00:30:13.360>would <00:30:13.487>be <00:30:13.614>followed <00:30:13.741>consistently. <00:30:13.869>And <00:30:13.996>for <00:30:14.123>example, <00:30:14.250>like <00:30:14.378>we're <00:30:14.505>from <00:30:14.632>Austria, <00:30:14.760>we

00:30:15.310 --> 00:30:15.320 align:start position:0%
<00:30:15.310>example, <00:30:15.311>like <00:30:15.313>we're <00:30:15.315>from <00:30:15.317>Austria, <00:30:15.319>we

00:30:15.320 --> 00:30:16.950 align:start position:0%
<00:30:15.320>example, <00:30:15.460>like <00:30:15.600>we're <00:30:15.740>from <00:30:15.879>Austria, <00:30:16.020>we <00:30:16.159>understand <00:30:16.300>the <00:30:16.439>German <00:30:16.580>market <00:30:16.720>extremely

00:30:16.950 --> 00:30:16.960 align:start position:0%
<00:30:16.950>understand <00:30:16.952>the <00:30:16.954>German <00:30:16.956>market <00:30:16.959>extremely

00:30:16.960 --> 00:30:19.750 align:start position:0%
<00:30:16.960>understand <00:30:17.087>the <00:30:17.214>German <00:30:17.341>market <00:30:17.469>extremely <00:30:17.596>well, <00:30:17.723>and <00:30:17.850>just <00:30:17.978>because <00:30:18.105>of <00:30:18.232>European <00:30:18.360>rules

00:30:19.750 --> 00:30:19.760 align:start position:0%
<00:30:19.750>well, <00:30:19.751>and <00:30:19.753>just <00:30:19.754>because <00:30:19.756>of <00:30:19.757>European <00:30:19.759>rules

00:30:19.760 --> 00:30:22.550 align:start position:0%
<00:30:19.760>well, <00:30:19.887>and <00:30:20.014>just <00:30:20.141>because <00:30:20.269>of <00:30:20.396>European <00:30:20.523>rules <00:30:20.650>interpreted <00:30:20.778>differently, <00:30:20.905>um <00:30:21.032>we <00:30:21.160>think

00:30:22.550 --> 00:30:22.560 align:start position:0%
<00:30:22.550>interpreted <00:30:22.552>differently, <00:30:22.554>um <00:30:22.556>we <00:30:22.559>think

00:30:22.560 --> 00:30:25.510 align:start position:0%
<00:30:22.560>interpreted <00:30:22.676>differently, <00:30:22.793>um <00:30:22.909>we <00:30:23.026>think <00:30:23.143>Germany <00:30:23.260>is <00:30:23.376>um <00:30:23.493>the <00:30:23.610>worst <00:30:23.726>country <00:30:23.843>to <00:30:23.960>make

00:30:25.510 --> 00:30:25.520 align:start position:0%
<00:30:25.510>Germany <00:30:25.511>is <00:30:25.512>um <00:30:25.513>the <00:30:25.515>worst <00:30:25.516>country <00:30:25.517>to <00:30:25.519>make

00:30:25.520 --> 00:30:27.790 align:start position:0%
<00:30:25.520>Germany <00:30:25.620>is <00:30:25.720>um <00:30:25.820>the <00:30:25.920>worst <00:30:26.020>country <00:30:26.120>to <00:30:26.220>make <00:30:26.320>business <00:30:26.420>in <00:30:26.520>in <00:30:26.620>the <00:30:26.720>world <00:30:26.820>for <00:30:26.920>us.

00:30:27.790 --> 00:30:27.800 align:start position:0%
<00:30:27.790>business <00:30:27.791>in <00:30:27.793>in <00:30:27.794>the <00:30:27.796>world <00:30:27.797>for <00:30:27.799>us.

00:30:27.800 --> 00:30:29.710 align:start position:0%
<00:30:27.800>business <00:30:27.893>in <00:30:27.986>in <00:30:28.080>the <00:30:28.173>world <00:30:28.266>for <00:30:28.360>us. <00:30:28.453>&gt;&gt; <00:30:28.546>Okay. <00:30:28.639>Although <00:30:28.733>it <00:30:28.826>has <00:30:28.919>the <00:30:29.013>same <00:30:29.106>set <00:30:29.200>of

00:30:29.710 --> 00:30:29.720 align:start position:0%
<00:30:29.710>&gt;&gt; <00:30:29.711>Okay. <00:30:29.712>Although <00:30:29.713>it <00:30:29.714>has <00:30:29.715>the <00:30:29.716>same <00:30:29.717>set <00:30:29.719>of

00:30:29.720 --> 00:30:32.790 align:start position:0%
<00:30:29.720>&gt;&gt; <00:30:29.860>Okay. <00:30:30.000>Although <00:30:30.140>it <00:30:30.280>has <00:30:30.420>the <00:30:30.560>same <00:30:30.700>set <00:30:30.840>of <00:30:30.980>rules, <00:30:31.120>basically.

00:30:32.790 --> 00:30:32.800 align:start position:0%
<00:30:32.790>rules, <00:30:32.799>basically.

00:30:32.800 --> 00:30:35.150 align:start position:0%
<00:30:32.800>rules, <00:30:32.940>basically. <00:30:33.080>&gt;&gt; <00:30:33.220>Well, <00:30:33.360>sad <00:30:33.500>but <00:30:33.639>true, <00:30:33.780>I <00:30:33.919>think <00:30:34.060>like <00:30:34.200>this

00:30:35.150 --> 00:30:35.160 align:start position:0%
<00:30:35.150>&gt;&gt; <00:30:35.151>Well, <00:30:35.152>sad <00:30:35.153>but <00:30:35.154>true, <00:30:35.155>I <00:30:35.156>think <00:30:35.157>like <00:30:35.159>this

00:30:35.160 --> 00:30:38.310 align:start position:0%
<00:30:35.160>&gt;&gt; <00:30:35.247>Well, <00:30:35.335>sad <00:30:35.422>but <00:30:35.510>true, <00:30:35.597>I <00:30:35.685>think <00:30:35.772>like <00:30:35.860>this <00:30:35.947>your <00:30:36.035>take. <00:30:36.122>Uh <00:30:36.210>I <00:30:36.297>think <00:30:36.385>with <00:30:36.472>this <00:30:36.560>Katerina

00:30:38.310 --> 00:30:38.320 align:start position:0%
<00:30:38.310>your <00:30:38.311>take. <00:30:38.312>Uh <00:30:38.313>I <00:30:38.315>think <00:30:38.316>with <00:30:38.317>this <00:30:38.319>Katerina

00:30:38.320 --> 00:30:39.630 align:start position:0%
<00:30:38.320>your <00:30:38.418>take. <00:30:38.516>Uh <00:30:38.614>I <00:30:38.713>think <00:30:38.811>with <00:30:38.909>this <00:30:39.007>Katerina <00:30:39.106>would <00:30:39.204>like <00:30:39.302>to <00:30:39.400>add <00:30:39.499>something.

00:30:39.630 --> 00:30:39.640 align:start position:0%
<00:30:39.630>would <00:30:39.632>like <00:30:39.634>to <00:30:39.636>add <00:30:39.639>something.

00:30:39.640 --> 00:30:41.830 align:start position:0%
<00:30:39.640>would <00:30:39.747>like <00:30:39.855>to <00:30:39.963>add <00:30:40.070>something. <00:30:40.178>&gt;&gt; <00:30:40.286>Yeah, <00:30:40.393>I <00:30:40.501>I <00:30:40.609>we're <00:30:40.716>running <00:30:40.824>out <00:30:40.932>of <00:30:41.040>time.

00:30:41.830 --> 00:30:41.840 align:start position:0%
<00:30:41.830>&gt;&gt; <00:30:41.831>Yeah, <00:30:41.832>I <00:30:41.833>I <00:30:41.834>we're <00:30:41.835>running <00:30:41.836>out <00:30:41.837>of <00:30:41.839>time.

00:30:41.840 --> 00:30:43.270 align:start position:0%
<00:30:41.840>&gt;&gt; <00:30:41.911>Yeah, <00:30:41.983>I <00:30:42.054>I <00:30:42.126>we're <00:30:42.197>running <00:30:42.269>out <00:30:42.340>of <00:30:42.412>time. <00:30:42.483>I <00:30:42.554>think <00:30:42.626>we <00:30:42.697>need <00:30:42.769>a <00:30:42.841>follow <00:30:42.912>up, <00:30:42.984>I <00:30:43.055>guess. <00:30:43.127>We

00:30:43.270 --> 00:30:43.280 align:start position:0%
<00:30:43.270>I <00:30:43.271>think <00:30:43.272>we <00:30:43.273>need <00:30:43.274>a <00:30:43.275>follow <00:30:43.276>up, <00:30:43.277>I <00:30:43.278>guess. <00:30:43.279>We

00:30:43.280 --> 00:30:45.270 align:start position:0%
<00:30:43.280>I <00:30:43.367>think <00:30:43.455>we <00:30:43.542>need <00:30:43.629>a <00:30:43.717>follow <00:30:43.805>up, <00:30:43.892>I <00:30:43.980>guess. <00:30:44.067>We <00:30:44.155>have <00:30:44.242>so <00:30:44.330>many <00:30:44.417>much <00:30:44.504>much <00:30:44.592>more <00:30:44.680>open

00:30:45.270 --> 00:30:45.280 align:start position:0%
<00:30:45.270>have <00:30:45.271>so <00:30:45.273>many <00:30:45.274>much <00:30:45.276>much <00:30:45.277>more <00:30:45.279>open

00:30:45.280 --> 00:30:48.070 align:start position:0%
<00:30:45.280>have <00:30:45.387>so <00:30:45.495>many <00:30:45.603>much <00:30:45.710>much <00:30:45.818>more <00:30:45.926>open <00:30:46.033>question. <00:30:46.141>Thank <00:30:46.249>you <00:30:46.356>so <00:30:46.464>much <00:30:46.572>for <00:30:46.680>your

00:30:48.070 --> 00:30:48.080 align:start position:0%
<00:30:48.070>question. <00:30:48.071>Thank <00:30:48.072>you <00:30:48.074>so <00:30:48.076>much <00:30:48.077>for <00:30:48.079>your

00:30:48.080 --> 00:30:49.870 align:start position:0%
<00:30:48.080>question. <00:30:48.187>Thank <00:30:48.295>you <00:30:48.403>so <00:30:48.510>much <00:30:48.618>for <00:30:48.726>your <00:30:48.833>answers. <00:30:48.941>Thank <00:30:49.049>you <00:30:49.156>so <00:30:49.264>much <00:30:49.372>for <00:30:49.480>your

00:30:49.870 --> 00:30:49.880 align:start position:0%
<00:30:49.870>answers. <00:30:49.871>Thank <00:30:49.873>you <00:30:49.874>so <00:30:49.876>much <00:30:49.877>for <00:30:49.879>your

00:30:49.880 --> 00:30:51.350 align:start position:0%
<00:30:49.880>answers. <00:30:49.974>Thank <00:30:50.069>you <00:30:50.163>so <00:30:50.258>much <00:30:50.352>for <00:30:50.447>your <00:30:50.541>questions. <00:30:50.636>I <00:30:50.730>hope <00:30:50.825>you <00:30:50.919>are <00:30:51.014>all <00:30:51.108>right <00:30:51.203>with

00:30:51.350 --> 00:30:51.360 align:start position:0%
<00:30:51.350>questions. <00:30:51.351>I <00:30:51.352>hope <00:30:51.353>you <00:30:51.355>are <00:30:51.356>all <00:30:51.357>right <00:30:51.359>with

00:30:51.360 --> 00:30:54.110 align:start position:0%
<00:30:51.360>questions. <00:30:51.453>I <00:30:51.546>hope <00:30:51.639>you <00:30:51.733>are <00:30:51.826>all <00:30:51.919>right <00:30:52.013>with <00:30:52.106>the <00:30:52.199>answers. <00:30:52.293>If <00:30:52.386>not, <00:30:52.479>come <00:30:52.573>over <00:30:52.666>and <00:30:52.760>ask

00:30:54.110 --> 00:30:54.120 align:start position:0%
<00:30:54.110>the <00:30:54.111>answers. <00:30:54.112>If <00:30:54.113>not, <00:30:54.115>come <00:30:54.116>over <00:30:54.117>and <00:30:54.119>ask

00:30:54.120 --> 00:30:56.590 align:start position:0%
<00:30:54.120>the <00:30:54.213>answers. <00:30:54.306>If <00:30:54.399>not, <00:30:54.493>come <00:30:54.586>over <00:30:54.679>and <00:30:54.773>ask <00:30:54.866>them <00:30:54.959>next <00:30:55.053>to <00:30:55.146>the <00:30:55.239>stage. <00:30:55.333>So, <00:30:55.426>thank <00:30:55.520>you

00:30:56.590 --> 00:30:56.600 align:start position:0%
<00:30:56.590>them <00:30:56.591>next <00:30:56.592>to <00:30:56.593>the <00:30:56.595>stage. <00:30:56.596>So, <00:30:56.597>thank <00:30:56.599>you

00:30:56.600 --> 00:30:58.350 align:start position:0%
<00:30:56.600>them <00:30:56.693>next <00:30:56.786>to <00:30:56.879>the <00:30:56.973>stage. <00:30:57.066>So, <00:30:57.159>thank <00:30:57.253>you <00:30:57.346>for <00:30:57.439>for <00:30:57.533>being <00:30:57.626>here <00:30:57.719>and <00:30:57.813>have <00:30:57.906>a <00:30:58.000>great

00:30:58.350 --> 00:30:58.360 align:start position:0%
<00:30:58.350>for <00:30:58.351>for <00:30:58.352>being <00:30:58.353>here <00:30:58.355>and <00:30:58.356>have <00:30:58.357>a <00:30:58.359>great

00:30:58.360 --> 00:31:00.866 align:start position:0%
<00:30:58.360>for <00:30:58.476>for <00:30:58.593>being <00:30:58.709>here <00:30:58.826>and <00:30:58.943>have <00:30:59.060>a <00:30:59.176>great <00:30:59.293>evening <00:30:59.409>here <00:30:59.526>at <00:30:59.643>the <00:30:59.760>Congress.

00:31:00.866 --> 00:31:00.876 align:start position:0%
<00:31:00.866>evening <00:31:00.868>here <00:31:00.870>at <00:31:00.872>the <00:31:00.875>Congress.

00:31:00.876 --> 00:31:02.896 align:start position:0%
<00:31:00.876>evening <00:31:01.109>here <00:31:01.342>at <00:31:01.576>the <00:31:01.809>Congress. <00:31:02.042>&gt;&gt; <00:31:02.276>[applause]