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Failures of the startups sector of the one in the world i would direct you to him. But what i do know from the data is there is a large regional component. Not just to the u. S. But also very strong in the United States where you find failures in the bay area like San Francisco is frequent but fargo were outside of that. If it is the market youre interested in but with those survival rates they tend to be a lot greater. There is a regional component. What are the actual cultural drivers and have that help you to determine fiscal policy. So what we like to look at is one of the scary things is in putting capital into zero markets that attract talent it is very difficult. Said you have to hire them for a very long time and with a very specific skills said eliminates your ability to change your stage of growth with any degree of success so that means there is capital infusion. Vc will be set up to lose their money so in europe it is with the european governments should be far more worried

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