We still see about 80% of the founder teams being predominantly male. But we strongly believe that one of Europe's biggest assets in global competition is its diversity. Europe sees a large number of initiatives to encourage and include specifically female founders and entrepreneurs, and it seems that these dynamics are accelerating in a very positive way, also triggered by an increasing number of top-level female investors. Speedinvest is actively supporting local initiatives to drive gender equality and age equality such as 'Female Founders' and 'WisR'. Still we have to be honest that both our industry and ourselves need to do more to really change the picture.