Last week, Viðskiptablaðið published a news article titled “Grid valuated at 1.7bn ISK” (or ~12m at current exchange rates). The article, which is reporting straight out of the annual report of Brunnur Ventures, states the following: “In the fund’s books, a 1.9% share of Grid is valued at 31.4m ISK, which equals a little under 1.7… Read More What’s up with the constant “Annual Report”-reporting?
It’s incredible – even to me – but the fundraising round we at GRID disclosed last week is the 10th time I raise capital for one of my ventures. Admittedly this one was in many ways unique, and also the largest one. Yet. Despite this, I’m still learning. For one thing, the world has changed… Read More Lessons learned from raising – yet another – round
The Rising North fund has given out over €400 000 in the first application round 2018. This is the largest amount of funding given out so far. The most dominant trend amongst the 10 pan-Nordic projects was the interest towards building a strong impact investment community in the Nordics. A growing number of people value… Read More Impact Investing is trending in the Nordics – Glimpse of Rising North’s latest funding round
One of the greatest challenges for the 100% fish utilization movement is financing. I have felt that investors. financiers and bankers which have some focus on seafood have little or no knowledge about the new seafood industry; nutraceutical or functional food from fish protein or new technology for extending shelf life, extracting proteins, securing trazeability… Read More More investors for seafood startups
Iceland is surrounded by some of the richest and most prolific fishing grounds in the North Atlantic Ocean and fisheries have long been the mainstay of the Icelandic economy. Healthier oceans and environment is therefore a matter of fundamental importance for the country. I am very pleased to see how companies and startups in the… Read More Innovative solutions for the environment, good business
The following drawing is inspired by the “The Incredible Bread Machine”, a text written by R.W Grant in 1966. The book had an accompanying poem entitled “Tom Smith and His Incredible Bread Machine.” The Tom Smith poem is about a man who invents a machine for producing bread very cheaply, and thus the world is… Read More Introducing “The Incredible Fish Value Machine”
In 1973, Mark Granovetter came up with an idea in sociology which would later have a huge influence on the study of relationships in networks. The idea was fairly simple: weak relationship ties can act as important bridges in a network building, and for that purpose, they are sometimes more important than strong relationship ties… Read More Building bridges with clusters
Creating a successful product company is a straightforward three step process: Create a product Find customers Match product and customers But while straightforward, each of those steps is more complicated than it may seem at first. What follows are a few observations from my four startups and life as a product and strategy person at… Read More Nothing is bought, everything is sold
But they could be something even more exciting for a new generation. “Si c’était à refaire, je commencerais par la culture.” Jean Monnet Let’s get one thing out of the way first. Silicon Valley is great. But every time I hear some one say that the Nordics could be the next Silicon Valley or paint Silicon… Read More The Nordics aren’t going to be the next Silicon Valley
On Friday the second edition of Slush Play came to close, after two days packed with talks and panels about VR and gaming. All in all, it was a great event and the Icelandic Startups team deserves great praise for their work. Iceland’s VR ambitions Over the recent months, people and pundits have described Iceland… Read More Thoughts on Slush Play, 2nd edition
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