digital winners 2014: jostein svendsen, wevideo

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