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Digital Winners 2014: Jostein Svendsen, WeVideo
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Bag/stack of money
Sweden flag 1 000 000 000 $ exit
every 2 years
Norway flag None last 20 years!
Norway is not the center of the
Universe
THINK BIG!
Build success with customers and partners first THEN raise funding from the us
Funding Model Source: VCs At Work , Tarang Shah
Extended Team
Scalability (Sales, Business Model, Product
Core Team
Product/ Idea
Market
Cofounding Team
Stage 0 Formation
Stage 1 Build & Prove
Stage 2 Grow & Scale
Funding Type How Much?
Typical Valuation Dilution
Seed Super Angel Series A Series B Series C Series D, E, F
$50-500k $500k-2M $3-7M $7-25M $15M+ $25M+
$1M $3-5M $5-10M $15M+ $50M+ $100M+
25-40% 5-10%
Product-Market Fit
6. Get the best team
Source: VCs At Work Tarang Shah
Fire promptly and amicably
Hire unfettered passion Lift the quality Cultural fit
& functional skills
Hire People you know Adding value day 1
7. Be bold
(don't be afraid)
Show
passion!
Show
passion!
Work with the
NEW generation
Insert logo FB
TWITTERdropbox et google
PICTURE OF INNOVATION
HOUSE
VS
PLUG AND PLAY TECH
CENTER
9. DELIGHT your CUSTOMERS
THINK BIG
BE BOLD
BE FEARLESS
You can beNUMBER
ONE IN THE
WORLD