When Cameron McLain, Giant Co-founder and Managing Partner, visited a space startup in California recently one thing became clear: in some frontier sectors Europe is not even in the race.
For 30 years the world has run on openness: free trade, open borders, global supply chains, and with an open internet.
But that era is now fading. Tariffs, techno-national competition and AI consolidation is reshaping the global economy.
Power will concentrate in the companies that build the underlying infrastructure - and nations without them risk losing leverage, prosperity, and sovereignty.
Europe needs its own foundational technology infrastructure: what we call 'the European Stack', cloud servers (like evroc), energy storage (like Flower), manufacturing capacity, and more.
Read more in Cameron's quarterly letter, linked in comments.