David Frykman

29 Apr 2026Ineffable Intelligence, China Blocks Manus, OpenAI Loosen Microsoft, Palantir Joins

1:50:3210 min

David Frykman on Norrsken VC and the EU Energy Petition

David Frykman, GP at Norrsken VC, introduces an open letter from a coalition now over 100 organizations calling on the EU to commit to becoming an "electric continent" by 2040, doubling electricity's share of the economy from 25% to 50%. He explains that Europe has suffered three energy price shocks in four years, pays twice US prices for electricity, and argues the technology, capital, and talent already exist — the barrier is political will and permitting. The interview continues as he starts discussing capital sources and pension funds.

1:50:32

2:00:185 min

David Frykman (Norrsken): Pensions, VC Capital & Europe's Energy Wake-Up Call

Frykman argues Europe sends too little institutional capital into venture capital because pay-as-you-go pension systems (like Germany's) leave no long-term pool of money, unlike Sweden's funded model or Italy's new mandate that large pension funds allocate to VC. He points to US endowments like Yale's, with 15-20% in alternatives, as the model likely to be imported to Europe. He says the energy price crisis, AI's power demands, and the Draghi report could be the wake-up call the continent needs, noting solar and wind are now the cheapest energy after a ~90% cost decline. He directs viewers to norsken.vc to join the call.

2:00:18