From Seoul to Shanghai to Brussels in three weeks. The assumption that held the entire trip together — that I knew what a mature digital ecosystem looked like — did not survive the first forty-eight hours. The Assumption Europe is catching up on digital infrastructure. The gap is narrowing. This is
The founding team gets assessed at the start and taken for granted ever after. Then the project runs long — as they always do — and one by one people's lives move in directions the original agreement never accounted for. What nobody planned for, and nobody measured, is the question
Twenty-five years ago today, I incorporated this company. The world I incorporated it into had itself only recently been rebuilt — the Wall had fallen a decade earlier, and the assumptions that followed that moment are still working their way through our economies, our institutions, and our businesses today. Some
The Assumption Your bank deposits are safe, we were told by politicians. It's codified in some law provisions but until when does it hold? The Einlagensicherung guarantees €100,000 per depositor per bank. Above that, voluntary funds extend protection further. Above that, the state stands ready. Three layers.
The Valley of Death has a well-documented address: the gap between R&D funding and commercial revenue. The last three autopsies examined the conditions that create it. This edition moves inside it — specifically, the assumption risk that accumulates quietly while the technical curve advances and the commercial curve
India rewrote a definition. Europe launched another fund. One of these will matter in 2035. Two weeks ago we examined why capital conditions have structurally shifted and will not reverse. Last week we examined why Germany’s capital went into the wrong category. This week: what happens when the instrument
