Hi, it’s Nicolas from The Family. Today, I’m reflecting on the global power shift under Trump, and how Silicon Valley is losing ground because of it.

If you’re interested in European tech (and why else would you be here 😊?), please put these two pieces on your radar:
One was written by my colleague Hugo Amsellem: he debriefs The Family’s year-long European tour and details the lessons we’ve been drawing ever since as to how to build successful tech companies in Europe: The European Tech Ecosystem Doesn’t Really Exist (Yet).
The other is my latest column in Sifted, which discusses the worrying liquidity gap in Europe and evaluates three scenarios by which we could collectively overcome it and generate eventual returns: Investors in European startups need a clearer path to exit.
The Sifted piece about liquidity generated pushback from some, including James Clark of the London Stock Exchange, so my plan is to discuss the topic with him in the coming days and come up with an updated vision i…