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letsknowit.comAPETI - Asociación Profesional Española de Traductores e Intérpretes - Founded in 1954, APETI stands for the Spanish Professional Association of Translators and Interpreters; it is a professional body of translators and interpreters in Spain and it’s one of the first of its kind. It’s mostly pension funds. And those reports got read by the pension funds, and then the pension funds, told all the telecommunications companies look, if you’re still doing stuff yourself, we’re going to stop investing in you. We have some very exciting startups that do very exciting things, but we do not have a lot of solid spin offs, where people start their own thing. And index trackers, if you look at who are the actual shareholders of big companies, they are all big pension funds, and they don’t really care. One of the real big problems here in Europe is we do not have a lot of spin offs.
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