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This is a great example of how US Tech’s obsession with shareholder value ignores important 20th century industrials (especially European companies)
Fincantieri,cItaly’s main shipbuilder, is only worth $6.3B (for reference, 3yo shipbuilding startup Saronic is worth $4B)
20.7. klo 02.11
Italy built nearly 15 times more ships than America in 2024. We often talk about China or Japan, but we’re even getting mogged by the Italians.
Overpriced steel, political apathy, and technological backwardness have put us here.
Time to reindustrialize.
See also: T1 suppliers!
19.7. klo 11.01
I’ve been thinking about this a bit now that industrial policy feels dead …
My best answers are to trust that the next gen of big winners naturally verticalize T1 suppliers
Or for founders to frame PCBs, etc. as “Hadrians for X” that are palatable to multistage VCs
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