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Today I managed to pay Morten Steen Jorgensen back the one of many loans I took in 2009 to buy myself out of Bankruptcy. Mr Steen showed up at my door with these words: “Here is a loan of 50k$ to buy yourself free – no strings attached – pay back when you can. We know the ‘eating glass feeling’ of the dark side of entrepreneurship – this is our help…”
I was lucky – more than lucky. Luckier than anyone could ever have imagined. I was standing in deep shit – I was over-invested (used personal guarantees) and everything I owned was suddenly picked up by people from the bank (literally – they took cars and art). I had no where to go in the morning – all +100 investments was no mine anymore – the phone stopped ringing and emails went down to 1 or 2 per day. I was VERY sad – but I suddenly had a chance to think, I had a chance to feel life – and spend time with the kids. I started walking the kids to school – read some books and even did some of cooking (100% new to me). I never really felt sorry for me self – it was ONLY MY FAULT. 2008 was a reality call – in 3D.
Life was quiet – no +100 companies – no more private jets to escapism – and no 12 course dinners – it was actually quite nice to have no obligations and no stress – but then again I had to face reality – and get a job. I had never had a job – and no one would hire me – the 38y old internet psycho entrepreneur who was loaded from when he was 27 – and got lucky with Skype. One day I woke up and Alex knocked on my door: “I’ll fix your shit – if you give me X% of you future.” That was easy to answer, – “Yes please – lets start tomorrow.”
We have now worked for 5 years relentlessly – and we have; – helped 10 companies – started 5 companies – raised +150mio$ for these companies – employed +400 people around the world – created real change in e-invoicing and financing for small companies.
We are still fumbling with what to call the group – and we have a mix of board seats, equity and our own ideas. We are seriously afraid of getting spread too thin – but the team is 75% in place now. More importantly: we are starting to build an infrastructure to keep track of everything and help the startups much more on BIG DATA.
Unlike before in history, most enterprise software businesses can leverage incredible access to data of all the weirdest kinds – from MAPS to CURRENCIES over TRADING HISTORY and SPEND… We are betting on making a new bank or let’s call it an organisation – where companies can only be a client if they use our XO accounting system and payment infrastructure. Since the loans will go from being emotional decisions of bank clerks to automated loans based on goals = sales. The bank will not lend money to companies with notoriously bad payers. If people won’t pay a bill it’s normally because the product sucks or is oversold and stuffed down someone’s throat.
Work-life is hard and not always fair ;) – but somehow I’m so freaking lucky despite my wild passion for testing the boundaries of business and technology. Now I am only 1.2mio€ in debt that has to paid back to all the amazing and generous people who have been helping to get my financial mess sorted….
PS. Of course I don’t pay Morten S the money without interest – he has (like everyone else – who has been lending me these absurdly big amounts) – got a small share on my new Ventures/Fund. My dream is that they will get 3-4times their money back over the next 3-6 years – and then the karma loop is closed.
I would also like to mention that the overall reason that I really got through all of this is Morten Sønsergaard and Anett. They supported me mentally and financially in a way I can never pay back. THANX to Morten and Anett !!!
Im Changing Direction – Again
Tradeshift and Everbread are now running on their own – I don’t have to be there every day. And I see 10 amazing start ups every month – I can’t stop myself anymore – I need to kick a lot of these guys in their bud – and help them to become global and successful. (PLEASE RT THIS TO DESIGN COMMUNITIES).
I’m loosing it – in Design Talent
I’m getting old – and I have lost my touch with the design community and the hackers – who are doing consulting – but really want to do their own Agency or even better a Startup.
Keep Your Real Job (Clients)
If you are one of these Dudes/Duderinas – who are not spoiled by money yet – and who don’t need anything but a MAC in your life. ( = You don’t have very low cost of living). If you also understand that: This requires lots of late night work – since you have to be payed from your real job.
(If you are an existing agency – who wants on this movement – then you just invest X% of your pitching budget – easy peasy).
If You Can Do This Better
If you carry the belief that you can design there even better – make them look even cooler than they are ( I love these sites)
Tradeshift.com / ZenDesk.com / Pinterest.com / JetSetter.com / New Vimeo.com
You must be a complete design junkie – or have one on your team. And you MUST BE admire Mint.com and GoodData.com – like you admire your best parrents.
Then Pls Email Me and Get On My New Projects List
And I will send a mail back with the rules. Since I have spend the time – which – to do a pretty specific outline of the rules (and thats hard for me). Email: DesignIsEverything@lund.tv
PS. Tree huggers and people who love this model – pls dont email me. I want to make money – its the only way to attract the best people. (Charity is something we do later).
PPS. I’m also looking for a platform to run all this talent on… (Facebook Developer ?).
PPPS. And yes – am scared of overdoing it again – like when I went bankrupt – shit scared. But I cant help it.
Is it like Google
(the service you know – that made the web worth using after ALTAVISTAs poor poor take),
– its shit simple (se my profile here)
– shit effective and looks/feels KILLER NICE & EASY (when you get it)?
– It’s like Google, but with faces and its your second chance to get your social network and HOW to share with WHO – right.
WHAT DOES THAT MEAN?
OK. WHAT DOES THAT MEAN?
WHY DO WE NEED IT WHEN WE HAVE FACEBOOK?
SO WHAT GOOGLE+ GOT THAT FACEBOOK HASNT?
So it’s like a VIP club, is it?
FAST TRACK TO PLAY WITH GOOGLE+
Business Philosophy Secret
I have lots a secrets business wise. A very important one is the usage of heroes. Well – my narcissistic self has been very open about Bransson and Clinton as heroes – but the lower level hero’s has never been something I have been unveiling. (comming back to that)
Speed Speed Speed
Mostly because I find it to be a very useful way to stay just a littlebit ahead in the HighSpeedTurboCrytonite-online business world. Things are moving faster then ever in history. Yesterday I watched some TV from 1970 – and the CEO of some company was sitting at a desk without a telefone (obviously no computer) – taking notes on a piece of paper – looking like a guy who had all the time in the world… It gave me a instant sting of jalousie – I WISH that was me (for a second). But then again the SPEED of communicating with the world – hammering mails, tweets, facebook messages and links back and forth with China, Singapore, San Francisco, Sophia and Frankfurt during my non sleeping hours is JUST AMASSING.
But its MUCH more interesting that Twitter is now Evan W @evhead and his teams second time of proving that they do communication and publishing platforms that are not only technology-wise interesting – but Twitter (and likes) are taking down regimes all over the world. The People are getting empowered and cant be stopped when information flows. The old farts who have been running dictatorships and regimes for 30+ years – have no guns nor time enough for torture that prevents the masses from uprising – AND WINNING. Its insanely good – interesting – and melancholic and goose-bums exposing.
Twitter = Anti Info-Bulimia
Facebook and Twitter is just amassing – after reading yesterday that 69% of FB users in many big countries are login in daily (link here)- I really smiled all day. Just think – if FACEBOOK lauched a TV CHANNEL IN THE TOP RIGHT of the page – it would be the #1 TV Channel in the world (and in each country) in 1h – with perfect targeting – click to act – the full shabang.. But Im betting on Twitter for some reason – I simply love to go into my Twitter account and get updated – its so short – and people have to think a bit before they post (140 char is nothing). And I get fully updated on the world and my social circles in a snap: From Egypt to Johanns stupid ideas about pushing Cats (real ones) to all his friends over Kawasaki’s spamming of weird news…
I bet on Twitter – The simplicity of the interface and the lack of noise (from length of messages) is just so appealing. Contrary to this way too long blogpost. To twitter is a combo of bookmarks, news, micro-emailing and
Bill Gross – The Hero (Unveiled)
With Twitter becoming so important in the revolutions around the world and my all time number one internet-commercialisation hero of the internet Bill Gross moving into this Twitter space (UberMedia buys TweetDeck). Makes me smile. And series A guys are also pretty impressive (dont really understand how the 30mio$ he spend yesterday came in):
I think that Bill G will be controlling more then 20% of the Twitter inputs “Apps” and prob go even higher very soon – this is not that interesting – but from a commercial perspective I so very sure that he has a couple af really interesting tricks up his sleeves… Very soon this will all be monetized to perfection. And Twitter will be bigger and more FREE then ever…
So why so much fuss about Bill: Well – I really like that he is always hungry and I see a chance that he can do something good – while making one more fundamental business model fro an enormous industry – that is just being born…
An email this morning from my friend Matias – made me feel stupid.
During 2009 – I have felt some self petty and I have been thinking that life was hard – but imagine if I was into real old school business – like farming (where we all came from – and yes my grandfather has a medium sized farm until early 1970’ies). But fuck me – and all the spoiled kids in the tech world. Its hard but NOT THIS HARD – as in farming where:
- Product cycles are 3-4 years
- Weather can kill all
- Its hard physical work
- Capital requirements are insane
- Lots of heritage
- Lots of environmental trouble
I feel humble that I can work in a sector where the screen always lets me work when and where I want to – mostly with whom I want to. And the fact that 99% of all offices are nice and warm. Well then there is the hardcore sales (the big secret of tech success) – where one have to aggressively show the vision and product (even very early stage) to endless amounts of clients and investors – but but but – the always offer you coffee and they are seldom rude.
Dear tech entrepreneur og colleagues out the – let be humble and proud and happy to be here in evolution.
Happpy Neew Year.
3 rd larget social network in Spanish speaking worldEnrique whos is running this show – is just stellar – and I cant wait to se what will happen after the whole thing has been shaped up and given the look of a supermodel with a usability gurus touch ;) – we are now getting offers to sell and I cant wait to what will happen the next 3 monhs….
See alexa – wow –
PS. sorry for being such a lazy ass on posting – my twitters are pretty much upto date – and the face book pictures are good.
CNBC just published this fine piece of selfpromotion on me ;)
I love teenagers Lisa: “Those bitches are so fucked up and dont know how to do anything…” :)
I have been playing with Google Documents for some time – and today I really saw the impact. Now that the pacage is complete with Presentation included. I did a small fast presentation – just to keep in practive and see how I could use it. And WOW – its nice – simple simple – and fast. See my kids concept (got the idea friday) – and if you like it – do not hesitate to apply for the job as Store Manager or CFO or Whatever you feel like ;)
I invested in these guys 18 months ago – and it was classic – all was amazing when I came in XuQa – and then we saw a change in the market. Normal kids – sorry but they are – would have started crying and bitching – but these guys just changed their business and found a new angle – reinvented themselves from being SocialNetwork – to becoming a leader in Virtual Currency…. No crap – no complaining – it just happened over night and bang now revenue is flying in and Im feeling even more lucky!!! Thanx to these Pakistani WUNDERKIDS!
Monday I went with Hlin to Paris (Costes Hotel is just nice) – its just impossible not to be in love in Paris. We had amassing weather and where perfectly neglected by any waiter and service person in our way – and I still find it charming.
Quite some phone calls – on a trade sale of a company I’m doing
Good meeting with startup Trigami.com – where I will probably put in some money
Lots of sms with Loic – and Alain R
More trade sale activity
Lots of thinking about Orolix – whats the best strategy – how do I help out
I’m thinking every day about the value of a board and my role and how I help the best – and how little or much I should do – and weather my insecurity (VERY WELL HIDDEN) will ever go away… Telling myself constantly – that its not me role to create the companies – Im only support when needed and in some strategy (hate that word) – I mean in some of the crucial decisions.. But I also know that a startup is ONE BIG CRUCIAL DECISION.
We took a long walk both Monday and Tuesday – in the Rue St. Honore and Le Champs.. Im so happy to have email on my phone when Hlin goes into the 5th shop and I can just stay outside – pretend to be patient – but do mails ;) (I’m not sane). Had dinner – where Loic and Me where acting like pricks – by only talking about ourself and his and my projects – but also got a VERY INTERESTING insight in his role in the French election (he is on CNN all the time – not only because he speaks English – he is charming and VERY SMART – street smart).
made a handshake deal with ww.trivop.com – founders is JUST COOL
talked quite some to my close friend Jacob from SteelSeries
was thinking a quite some about BullGuard – love their growth
met a couple of fun entrepreneurs
mentaly preparing for VERY secret meetings in Wienna – on Wed.
Got home Tuesday night – Hlin went directly on night shift at the hospital (wow she is brave) – I just played with the kids and watched my beloved EyeTV – love recorded TV. Saw Danish Agger score for Liverpool against Chel$ea – good.
Got the Kids to School – and directly to the train to the Airport – got a bit angry with the lines in security – since all 6 people for the meeting inside the Airport got delayed 20min… 2 Very nice meetings – first on selling a company for a friend – talking legal – strangely I start to find it interesting – Ive always been surfing at these meetings – but now I was all over – and to be honest – NOT IMPRESSED BY ANYONE but my own good old lawyer Carsten who from the sideline avoided to major problems – that NO ONE ELSE HAD SEEN. Jumped on plane to meetings a the VERY COOL AND NEWLY RENOVATED Meridian in Vienna – stealth meetings all day – in a whole new speed and with people who just have been doing what Im trying to do for 35 years. Gentle, Humble, Nice, Interesting, Clever, Smart and No BS guys – who are all just what I needed for my new big plan (sorry t be secret ass). Wonderful Dinner at Bar Italia – owned by Manfred from BWIN – who unfortunately was i Milan watching the CL game (where I did not make it) – but we had fantastic food and his brother Gigi took very good care of us. The BIG guys left dinner to go back and negotiate – I stayed with a friend and walked back – inventing a Twitter Exchange plug in – that would reply to all emails above 140 characters – I will not deep read until later this week (hmm not funny in writing). Had some drinks
Was thinking a lot about the days outcome – feeling Orolixed :)
Tonight I was with my obesity startup and Im so fuc… impressed by the team – we will get a brilliant biotechnology guy in with some cash and one of the best Danish brains (AND SOCIALLY VERY STRONG) – and got a meeting with Weight Watchers during May. Cool guy the COO from WW.
Very exited about
Orolix Orolix Orolix
My idea of a Luxury Brand Fund
The Secret team from Wienna
How to recruit 10 top people we need for projects right now
HelloGroup – specially Thomas P from hellobrand
Thats it folks (sorry to use this as a diary – but I needed it – again)
Red Herring 100 in Cannes was good. The program is – VERY AVERAGE – some moderators are very good and actually involved and you have to give credits to Red Herring for A) giving away a price that costs 2000€ to pick up ;) B) Asking 40 VCs to pay 2000€ to debate in panels ;)
When that is said – I have to admit that I love those conferences. I would have had to travel to Sofia, Berlin, Zurich, London, Paris… to have had the meetings I had in 48hours. Most interestesting is www.smeet.de , www.trigami.com, www.Treveda.com, www.gravityzoo.com, www.corpcom.de, www.joinr.de, www.epuls.pl … all companies I would love to go into.
This guys has it – hope he is not fake.
See more here
Remember to see his tribute to my love Whitney Huston and his tribute to Youtube :)
Im thinking a lot about what the Big Plan is – when you are involved with 50-60 ventures. And it looks more and more like having something to do with revenue…
A new category is defines online – converting PDF into Flash Magazines – nothing revolutionary – but sometimes VERY handy – at least for your inbox ;) I met the PageGangster guys – and found the vision VERY interesing
As an industry it seems like revenue is catching up – www.zmag.dk – claims to do 200.000$ pr. month and opens offices all over Europe.
Today Im a little bored – I was in Berlin yesterday (in out same day) – and I feel jet-lagged over a 50min flight ? Hmmm. What did I do in Berlin – well I met a guy who is even more aggressive in his investments then me – and actuallly successful – and nice – very nice. He did have the successful person disease – talk about them-self too much – but that’s because there is so much to tell – and I’m the same way ;)
Personally Im a bit angry at myself for buying the IBM X60 discount version – since it has no bluetooth. I think bluetooth is so penetrated by now – that we dont think about it – THATS PENETRATION (exept me being so stupid forgetting to order it). Thinking about buying this phone – but a bit affraid to be one of those who relly want to be funny and never is :) Im pretty annoyed by my SonyEricsson k700i phone – since the adressbok is full… also testing video conferencing tools – and just got the exovision.com – will try it tomm.
I have been surfing around for the first time this year – I think – found these wise words ;) – I really think the one about the waiter is 100% right. I could never do a book – and would have nothing to write either – but a screenplay could be fun (just to do it). And for my interest in Branding – this is kind of fun – they should link to Wikipedia instaed…
Dear Valued reader – sorry to inform you about all this nonsence – but I ad to get ot out. To feel productive – to be ON – to show myself that Im not lazy, bored or normal… :)
think about it :)
Link via Mik
Ebay is up 28% since august. interesting blogs on Ebay. And thats good :)
I went out with Spleak the other day – and i seldomly laughed so much.
Her blog has amasing readr numbers – some stories gets 400+ comments – and the average number of comments is above 70.
The way most fun was when she started talking abouther favorite things she never did, had, could, tried… (you should have been there).