20VC: Why Large Seed Rounds Increase the Chances of Success | When to Sell in Venture | Why Multi-Stage Firms Do Not Do The Work | Is Europe Totally F****** and Why AI Means London Can Compete with the US with Hussein Kanji

2311.276 - 2334.25 Hussein Kanji

So I looked this up. So the pension funds in the UK, so the defined contribution scheme, about 10% of the capital in the pension funds is invested in the top tech names in America, 10%. And about 5% of the pension funds is invested in UK equities. So they're actually pretty long tech as far as pension funds go. They're not in venture. I have a genuine worry. It is really hard to be a VC.