in your own career, try and explain to me why your brilliant idea which generated acorn computers, whichccessful in the 1980s, why you didn't become a stevejobs or a bill gates, or a mark zuckerberg? your company, in the end, was taken over by an italian tech firm. so many british and other european great ideas, innovative companies, end up being taken over. there is not the scaling up that we have seen over time, consistently, in the united states. why? that is indeed our number one problem. few people know that we don't actually have a start up problem in europe. we have more startups in europe than in america. we've got a scale up problem. so what is the scale problem? well, it comes in three aspects, our scale up problem. number one is the size of the unified market, and that's why it's so important that, and of because we need that large harmonious market that the us and china have. the second problem is that we have just one fifth of the venture capital in the united states per gdp in europe. so, both america and now china — through the state funding — just have a lot more money th

you co—founded as a part of a spin off from acorn, a company known as arm, a—r—m, a computing companyuccessful in the united kingdom. i think i'm right in saying that the arm chips are used in 95% of the world's smartphones, including those made in china. it is a globally dominant company. you were one of the co—founders, you now are not involved, but you sit back and you see that arm, this jewel in the crown of british tech, is currently being taken over. there's a lot of legal procedures to go through, but being taken over by one of the us‘s biggest chip makers invidia. do you think that that deal is in the interests of the united kingdom? no. i think it's a disaster for cambridge, the united kingdom, and europe. and the reasons are as follows — one, invidia, which is the company that is making a bid for arm is the world's most valuable of the companies, worth 500 billion now, and if they were allowed to take over arm, it would become yet another american monopoly that we are trying to get out from under. so, you know, we complain about google, "if only "we had a search engine." we