We don't have Silicon Valley in the UK, so we don't have a single focus for our sector. It is much more dispersed into hundreds of thousands of two and three-person businesses.

I would say that, at the moment, we are seeing more buoyancy in the market. Most of our members are reporting that they are seeing customers investing in software and infrastructure again.

It is the biggest show in Europe, especially for those of us who have operations in Central and Eastern Europe. It puts us all in a room together and it's a time where we can share views.

I skied a mid-mountain run for my first run this morning and was, without an ounce of exaggeration, choking on the snow.

The game for us was like our game at Estacada — we lacked focus, intensity and toughness. And they simply beat us.

I've been through a couple of mergers - they're not that fun. And it's easy to lose your focus on this grandiose mission you established for yourself as an independent company.