The european eco system has grown much bigger, but i think the significant development is that the fly wheel which it represents has taken off. In many additional markets, you have what's called network effect. And we've seen that with face boke into light. Or similar effectsi, ing two technology equa systems. So at some point they take off, the powers themselves. Success breeds success. And i think that has happened in europe. It produces its own capital. People have become rich. They then re invest their money. That produces more start ups and so and so forth. But there were also pen ventur capital firms investing more than before.

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