While Donald Trump celebrates his victory in the presidential race, over 4,000 miles away in Portugal's capital Lisbon, the tech industry's A-list gather at the Web Summit, digesting the outcome of his shock win.
On Wednesday, the mood was somber, a far cry from the energy that raced through the conference on the previous day.
"It's like a funeral," one attendee told CNBC, who wished to remain anonymous because they didn't want to give a political view.
It was a shock result, particularly for the tech community who overwhelmingly backed Democratic candidate Hillary Clinton. A poll carried out by Web Summit of 224 venture capitalists found that 94 percent would vote for Clinton while 89 percent thought that she would win.
"It's a sh-t show, it's a train wreck," a venture capitalist, who also wished not to be named because they didn't want to be seen giving a political opinion, told CNBC.