this has been floating around and many of you have been wondering how could China’s entrepreneurial activity have fallen off a cliff like this, so I thought I’d explain why. spoiler: FT analysis is quite flawed

Before reforming EIS, pushing more $$$ through the BBB, requiring pension funds to increase allocation to "British" private markets... we need to agree on a defn of a British co, and why supporting those cos (rather than cos in general) actually matters formventures.substack.com/p/backing-brit…

11 July 1883 | A Czech Jew, Emanuel Matzner, was born in Strážovice. In #Auschwitz from 30 June 1942. No. 43793 He perished in the camp on 22 July 1942.

One of my core beliefs is that you are ngmi in Crypto (and in Tech in general) if you don’t have a thesis on the state of global affairs, from economic policy to the war with Houthis. (what Gillian Tett calls Geoeconomics). My info diet which has served me well so far is: >

"Replicating the Tether or Circle model in Europe is not viable." I highly recommend reading the Op-Ed by Marieke and Nicolas Colin on stablecoins. While their assessment is harsh for Europe, they do offer promising solutions! The Big Whale 🐳 👇 en.thebigwhale.io/article-en/sta…

"Stablecoins are a revolution, and Europe can't miss the moment" > read our op ed in The Big Whale 🐳 en.thebigwhale.io/article-en/sta… Nicolas Colin

One of the best analyses of our current era comes from Nicolas Colin. I’ll add some of my thinking on the current societal cycle with his. AI spending is up high in the West, but the gains are increasingly financialized, leading to an attention collapse that doesn’t lead to a

1/12 🧵Stablecoins ecosystem are highly fragmented—but do they need global coordination? 🤔 A deep dive into the Tower of Babel we're building in digital money 👇

New edition of Euro Stable Watch Nicolas Colin and I analyse 8 big news of summer 2025, which is definitely a turning point. Stablecoins have now moved from crypto curiosity to monetary statecraft. Read on eurostablewatch.com/p/the-summer-t…

yes, the ASML-Mistral partnership is about European sovereignty, but 5 takes/details I found more interesting about why there's a genuine value here: 1. To date, Mistral's efficient technical progress relative to compute constraints suggests real talent quality, so plenty of

Carlota Perez's "Technological Revolutions" theory has inspired two of the most insightful longform pieces I have read the past months. cc Jerry Neumann Nicolas Colin

Fifteen years ago, the good money was on the EU driving the Global South's energy transition. Today, the Chinese are driving this energy transition - because they approached it as business. In Nigeria, we woke up one morning, and there was a >300% increase in gasoline prices

WiP is not only a great magazine, but IMO the model for internet-era policy. Everyone - founders, investors, scientists policymakers, etc - is now in comms. So get good at storytelling, distribution & direct audience-building. The think tank of the 21st century is a publisher:

“The zero to $100m in a year is the new norm” narrative is getting out of hand. It’s silly, but there’s a breed of VCs who chase speculation driven returns that loooove this talk track. I met a very successful VC recently. He had one of these super hyped startups in his

The € history is unique, anchored in peace making and economic harmony. In this week's newsletter Nicolas Colin and I write about the history of the EURO and why stablecoins can help strengthen its future. eurostablewatch.com/p/the-euros-or…

Every few decades, the world identifies a new “miracle capitalism.” Germany’s stakeholder model in the 1950s. Japan’s developmental state in the 1970s. Wall Street’s shareholder capitalism in the 1990s. Since the 2010s, US technological capitalism has dominated, with

Europe’s Missing Links, by Nicolas Colin (from his letter). « How can Europe overcome its industrial fragmentation and build cross-industry connections that turn its legacy strengths into a platform for innovation and growth?... »

Patrick Collison My friend Nicolas Colin wrote this 10 yrs ago: salon.thefamily.co/french-enginee… In short: France’s shift from state-sponsored engineering to startup capitalism lagged w/ culture, capital, and exits all missing. Fast fwd, the ecosystem got much better but we're still catching up