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The Memo

Crowberry Capital and what it means for the Icelandic Ecosystem

Crowberry Capital and what it means for the Icelandic Ecosystem

This post is from the Northstack Memo, our newsletter and commentary on recent happenings in the Icelandic startup ecosystem, written by @kiddiarni. One more VC fund in the mix, one step closer to an industry With the announcement last week we have four private venture capital firms in Iceland. These

NSA as a fund of funds, pros and cons & the big picture

NSA as a fund of funds, pros and cons & the big picture

This post is from the Northstack Memo, our newsletter and commentary on recent happenings in the Icelandic startup ecosystem, written by @kiddiarni. NSA Ventures as a fund of funds Last week I wrote about the upcoming changes at NSA Ventures. Since then, the Minister for Innovation announced the working group

NSA Ventures is changing: Highlights from the annual meeting

NSA Ventures is changing: Highlights from the annual meeting

This post is from the Northstack Memo, our newsletter and commentary on recent happenings in the Icelandic startup ecosystem, written by @kiddiarni. The numbers: $3.6m in losses due to writedowns It shouldn’t surprise anyone that NSA Ventures was quiet last year. No fresh investments, and just over 200m

Þórdís Kolbrún in interview with VB – several thoughts

Þórdís Kolbrún in interview with VB – several thoughts

This post is from the Northstack Memo, our newsletter and commentary on recent happenings in the Icelandic startup ecosystem, written by @kiddiarni. A couple of weeks ago, Viðskiptablaðið published its annual Entrepreneurs magazine. The paper named Platome startup of the year (í: sproti ársins) and Mint Solutions entrepreneur of the

Who finances startups in Iceland? A look at LP's

This post is from the Northstack Memo, our newsletter and commentary on recent happenings in the Icelandic startup ecosystem, written by @kiddiarni. While some investors – most notably angel investors – invest their own money in startups, venture capital funds mostly get their money from other investors. VC funds are set up

NSA Ventures' future, structure, and role in the ecosystem

This post is from the Northstack Memo, our newsletter and commentary on recent happenings in the Icelandic startup ecosystem, written by @kiddiarni. NSA Ventures is standing on crossroads right now. Two investment managers and the CEO left in December to start their own fund. (They’re titled “Venture advisors” on

Are we looking at a startup downswing in Iceland?

Are we looking at a startup downswing in Iceland?

The last two Memo’s discussed the general interest in startups. A month ago, I wrote a post titled “Is interest in startups in Iceland decreasing?”. The main point there was to bring forward data about the declining participation in cornerstone events like Gulleggið – business plan competition, and some accelerators.