AI Defensibility & Capital Efficiency — Partech's Simone Riva

Simone Riva of Partech connects European venture capital efficiency to regional startup maturity, sovereign capital effects, IPO market limitations, founder capital discipline, and AI defensibility. The episode explains why European startup funding outcomes depend on market size, labor strategy, exit realism, and whether AI businesses have durable advantages beyond LLM access.

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Watch on YouTube: https://youtu.be/ZnNy9uuqBCE

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