Written 3 years ago by Yvonne Edseth

The best of Startup Extreme in Media

It’s hard to capture in words how amazing this inaugural event was. Even calling it an event seems out of place; ‘experience’ hits much closer to home. .

Was it the fjord-kayaking, paragliding, wild river rafting, glacier skiing and other ‘extreme activities’ the Startup Extreme attendees were treated to? Was it the authentic meals (yes, including halved, torched sheep heads) they were served? Was it staying in lovely cabins up in the mountains with a spectacular view, often sharing the space with complete strangers who inevitably became friends? Was it the stupefyingly amazing train ride from Voss back to Oslo and its international airport?

Robin Wauters, Tech.eu

Read more
Written 3 years ago by Maria Amelie

The 8 worst things you can say to an investor

This week, over 180 entrepreneurs and investors from Europe, the US and Scandinavia will gather deep in the fjords and forests of Norway for the Startup Extreme festival.

The conference is happening for the first time. The organisers promise a festival designed to create meaningful, long-lasting relationships between handpicked founders and investors, by sharing experiences in the extreme and beautiful Norwegian nature.

We talked to some of the investors coming to Startup Extreme about what they think are the worst things you can say to an investor if you are a start-up. Here is what they had to say:

1 We have no competition!

Linus Dahg works as an investor at Wellington Partners in London. He has written several articles on Medium about how to talk to investors.

His advice is – never, ever say to an investor that you have no competition.

-Many entrepreneurs believe they have something unique to offer just because their solution is technically a little bit different from others.

-But the thing is: your customers do not see the difference. Most companies usually compete for the same paying customers and, even if they are not in direct competition, they can still have a similar business model, geographic focus, etc.

2 If we take five percent of this market, we will become a billion dollar company.

 Linus Dahg says that no investor wants to see a top-down approach regarding your analysis of the market.

-They want to see that you made a bottom-up analysis of the customers you have already spoken to and have begun to establish a relationship with. Only then can they see that you have done your homework about the market and the needs.

3 We cannot release the product until it is 100% perfect.

 Ever tried. Ever failed. No matter. Try Again. Fail again. Fail better – said writer Samuel Beckett. This also applies to entpreneurship. Do not say that your product is going to be perfect when you release it.

-A big part of being able to iterate on theirs product is that you get feedback from your users. Just look at what Facebook’s first product looked like at their first release.

4 We need money now.

Johan Brand, one of the co-founders of the Kahoot!-a rising tech-startup that has now over 60 million users worldwide, has met many investors in his lifetime.

His advice to entrepreneurs looking forward to meeting investors is – never mention that you need money now.

It is better to keep this information to yourself, so you do not look desperate and end up getting less than you possibly could.

5 We don’t plan longer than six months ahead.

We get it; you don’t know how it all will turn out in the end. However, not having any plan is a bad idea when you talk to investors.

6 We are sure that everybody will buy our product, and this will take (insert time).

 Johan Brand says that it is dangerous to be 100 percent sure about your product in the early phase of your start up.

-You have to be open to the fact that things may change, that you might have to interact more with your customers and adjust your product. You also have to be patient – it may take 3 times longer than you expect.

7 Lie about customers feedback.

 Silvija Seres is an entrepreneur, board member and investor. Her advice is to be careful with the promises and information you give to an investor.

To lie or change numbers so it looks better is a bad idea when trying to woo new investors.

-Also, it is a bad sign if your technology is not yet tested, but you make promises that it is good.

8 Sorry I was late.

Time is money, especially if you are an investor. Thats why you should never arrive late to a meeting with a potential investor and have a lame excuse – ”Sorry I was late”.

This is advice from Christian Horn Hanssen, who is head of marketing at Schibsted Growth.

-It is important that entrepreneurs meet up at the scheduled time.

Be sure to keep these advices in mind when talking to investors at Startup Extreme! 

Read more
Written 3 years ago by Åsmund Møll Frengstad

Extreme Startup at Startup Extreme

10479135_10152086456547511_7263286298732118394_oHi guys, there is a chance you might not know me. I’m Åsmund, the founder and CEO of the Norwegian startup Meshcrafts, working in the IoT sector. Normally I just do Electrical Vehicle kind of Internet of Things stuff, or smart city if you like. But for Startup Extreme I figured I could deliver a different kind of demo. I said  I could revolutionise the event space by introducing real time monitoring, contact transfer and engagement with social media without the need for a traditional device at the individual level. I would say that in itself, this is a is a pretty extreme and bold (many might say stupid) statement. But in January I thought I could deliver; just needed to gather the funds to build it, as we all know that shouldn’t be a problem.

Read more
Written 3 years ago by Maria Haga

Get to know the Norwegian startup scene through the eyes of Innovation Norway

IN-BokmålInnovation Norway was established in 2004 and is the Norwegian Government’s most important instrument for innovation and development of Norwegian enterprises and industry. They are also long term supporters of Startup Norway and Startup Extreme.

Bård Stranheim, Per Arve Frøyen, Jeanett Sandmo and Pål T. Næss are four key people working in Innovation Norway. Combined, they possess extensive knowledge of, and experience with, the Norwegian startup ecosystem. Here they share their thoughts on the changes in the Norwegian startup scene and how they think Startup Extreme can benefit the ecosystem.

Read more
Written 3 years ago by David Nikel

A chat with Sean Percival, 500 Startups

4-19-2015 1-32-43 PMSean Percival is a Partner at 500 Startups, with a focus on the Nordics, Bitcoin and the Mountain View accelerator.

He launched his first internet startup in 2006 for a mere $12, then sold it in 2009 at an 835,000% return on investment. He’s worked as Vice President of Online Marketing at Myspace, and is now a leading authority in digital business, media, entertainment, online marketing, and e-commerce.

Sean joins us this summer for the first ever Startup Extreme, where we bring together some of the world’s best investors and journalists to showcase Nordic startups in the unique environment of Fjord Norway.

Sean was kind enough to sit down with us for a quick Q&A on startups, investments and the Nordic region.

Read more
Written 3 years ago by David Nikel

Meet Rameet Chawla at Startup Extreme

Rameet_ChawlaWe are thrilled to welcome the “most stylish man in tech” to Startup Extreme this summer. Rameet Chawla, founder of app design agency Fueled is travelling from New York City to be with us in Voss. According to his own bio on Fueled.com, 28% of Rameet’s day is spent combing his hair and sculpting his bears in the name of fashion.

  “Unlike the fleece-hoodied nerd herd led by Facebook’s Mark Zuckerberg, Chawla channels his inner peacock: high tech meets the high life.” – NY Post

 So what on earth has inspired someone so intertwined in the urban lifestyle of NYC to travel all the way to the fjords of Norway?

Read more
Written 3 years ago by Candy Behunin

Introducing more investors joining us in June for Nordic Action in Voss

Entrepreneurs, investors, and extreme sports enthusiasts all share similar characteristics when it involves achieving great success: passion, determination endurance, and pioneering vision.

We are thrilled to introduce the following investors who will not only be joining us in Norway, but also participating in the action packed days ahead. They look forward to connecting with startups that have passion, determination, endurance and pioneering vision!

We asked them to share their  “most extreme experience,” anticipation for visiting Norway and why they feel entrepreneurship is like an extreme sport.

Read more
Written 3 years ago by Sondre Sommerfelt

10 reasons why you should attend Startup Extreme

Are you undecided about going to Startup Extreme? Here are 10 reasons why you should take that jump. Geronimo!

1. Your ultimate chance to connect with investors and accelerators

With 70+ investors and accelerators from all over the world joining us for Startup Extreme, this is the place to connect and establish close ties to your potential future investors and helpers.

Read more
Written 3 years ago by David Nikel

Norway’s biggest bank supports Startup Extreme

0We are thrilled to announce DNB as our main sponsor for the first ever Startup Extreme.

DNB is Norway’s largest financial services group and one of the largest in the Nordic region in terms of market capitalisation. The Group offers a full range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers, and has 220,000 corporate clients across Norway.

Read more
Written 3 years ago by David Nikel

From Norway to San Francisco

downloadAnother successful founder joining us at Startup Extreme is Lasse Andresen, founder and CTO at ForgeRock, the global identity and access management company born in Oslo.

He’ll be on hand to share his lessons learned from 20+ years of experience in the software industry, which includes leadership roles at both Sun Microsystems and Texas Instruments, in addition to what he’s learned from the ForgeRock adventure.

When Oracle acquired Sun Microsystems in 2010, Andresen and others spotted a gap in the market for identity solutions and decided to forge their own path. Just four years later, Forgerock took on USD $30 million in venture capital funding in the United States.

Read more