This document discusses the mismatch between the demand from tech startups for venture capital and the supply of venture capital in Latvia. It notes that Latvian venture capital funds are not seen as technology investors and do not aim to attract foreign startups and talent. The document also questions whether Latvia should aim to become a leading technology ecosystem and discusses definitions of terms like tech startup and smart money. The goal of the discussion is to improve understanding and help align the mismatch between venture capital supply and demand in Latvia.