Take Davos as an example. Every year when I am walking around the village and attending
the sessions and receptions, the US dominance is breathtaking.

Everything there is dominated by American companies. Bloomberg, Wall Street Journal,
Axios, The big US tech firms and the big US banks. You walk through the village, and you
can see where the power is concentrated. And frankly, they deserve it. They are simply better
than everyone else.

Where are the European media houses? Where are the European tech champions? Where are
the big European banks and private market investors? They're barely there. This isn't a
criticism of Davos, it's a reflection of where Europe stands right now in the global technology
race.

And it reinforced something I already believed deeply.
Europe needs to build its own digital infrastructure because technological sovereignty is not
optional.
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At Althera42, this is exactly what we're doing. We invest in European technology businesses,
the companies and business leaders building the technology backbone of this continent.
The window to build this is now, the talent and the businesses are here, but the capital needs
to follow.

Europe has always been good at building things that last, so it's time we back the companies
and business leaders doing exactly that.
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We cannot do this with short-term thinking and flipping half-baked companies to make quick
money. We need long-term strategic thinking and empowering the best business leaders who
are willing and able to build category leaders for the long-term.

And the funding instrument that allows for long-term building is royalties. That is what
Althera42 is doing. Building What Endures.

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