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Entrepreneur Morten Lund, of Skype Fame, Officially Declared Bankrupt

zee Written on 14th January 2009                                                                                                              14 COMMENTS some text
Zee, Editor in Chief at The Next Web, Principal at WeDoCreative.

Entrepreneur Morten Lund, of Skype Fame, Officially Declared BankruptMorten Lund, the (in)famous Danish entrepreneur of Skype fame was yesterday officially declared bankrupt. The founder who we have discussed previously has founded/co-invested in more than 40 startups in the last 10 years – the most famous being Skype, snapped up by eBay for $2.6 billion.

In may 2008, Lund sold Danish social networking and mobile backup site ZYB to Vodafone, for a figure of around $49 milion. However, despite the success of Lunds previous investments, one startup Nyhedsavisen has brought the entrepreneur to bankruptcy.

The startup was officially closed down in August 2008 with Lund losing 10M Krona (1.3M EUR) in the investment.

Lund has always been known for his honesty and directness, highlighted over and over again on his blog. The entrepreneur also wrote a brutally honest post regarding the closure a few months ago which is also a must read.

Mike Butcher from TechcrunchUK also highlighted a wonderful speech from Lund given at Le Web last year, I highly recommend you watch.

**Update**

Morten has just posted a wonderful update regarding the situation which I highly recommend you read.

About the author: Based in London, Zee is Editor in Chief at The Next Web and Principal at online marketing and new media agency WeDoCreative . A prominent tech blogger, he is also a design & marketing connoisseur, social media devotee & web application fanatic.

14 comments/trackbacks to “Entrepreneur Morten Lund, of Skype Fame, Officially Declared Bankrupt”

  1. Jan 14, 2009: zee (Zee M Kane)

    Entrepreneur Morten Lund, of Skype Fame, Officially Declared Bankrupt http://is.gd/fTjE

    Reply

  2. Jan 14, 2009: thewinemaestro (Brett Jones)

    He always said that “professionals build the titanic and amateurs build the ark”. @ Zee Entrepreneur Morten LundBankrupt http://is.gd/fTjE

    Reply

  3. Jan 14, 2009: thewinemaestro (Brett Jones)

    He always said that “professionals build the titanic and amateurs build the ark”. @Zee Entrepreneur Morten LundBankrupt http://is.gd/fTjE

    Reply

  4. Jan 14, 2009: Entrepreneur Morten Lund, of Skype Fame, Officially Declared Bankrupt « TheNextWeb.com | Isarblick

    [...] Entrepreneur Morten Lund, of Skype Fame, Officially Declared Bankrupt « TheNextWeb.com – [...]

  5. Jan 15, 2009: Der tägliche Wahnsinn | Isarblick

    [...] Bookmarked a link on Delicious. Entrepreneur Morten Lund, of Skype Fame, Officially Declared Bankrupt « TheNextWeb.com [...]

  6. Jan 16, 2009: GayleSpook (gaylespook)

    In sad VC news…guy from Skype just declared bankruptcy. http://bit.ly/1GgzkK Have to admire his positive attitude http://bit.ly/VTnL

    Reply

  7. Jan 19, 2009: Morten Lu(n)d? | I Shot The Sheriff

    [...] septembru. Naime, drama oko bankrotstva je krenula još u julu prošle godine, a ovih dana je samo okončana. Lund je bio i predavač na nedavno završenom LeWebu a snimak njegovog predavanja i zanimljivog [...]

  8. Mar 2, 2009: Morten Lund | AK74 - blog Artura Kurasińskiego (cc) 2007

    [...] symaptycznym Duńczyku zrobiło się głośno całkiem niedawno kiedy to okazało się, że facet zbankrutował. Ci, którzy pamiętali go jako faceta, który zainwestował w 2003 roku w Skype’a aby w 2005 [...]

  9. Apr 9, 2009: AntyWeb | » Inwestor Skype’a bankrutem - chcesz mu zadać pytanie?

    [...] sympatycznym Duńczyku zrobiło się głośno całkiem niedawno kiedy to okazało się, że facet zbankrutował. Ci, którzy pamiętali go jako faceta, który zainwestował w 2003 roku w Skype’a aby w 2005 [...]

  1. By Ole Bülow on Jan 14, 2009

    As Morten said to the danish media: “Its like superman getting his suit stolen – im shaken and dont really wanna talk about it. I will come back again with full power, i just need to wash my suit.”

    He will be back, bigger and better than before.. Morten always said that professionals build the titanic and amateurs build the ark. You win some and you lose some.. It all makes you stronger and more wise. Im sure Morten will be back very very soon!

    He is a true entrepreneur, he does the walk – whatever it takes! And belive me, you aint a true entrepreneur until had to close a company or go bankrupt with one..

    Reply

  2. By Boris Veldhuijzen van Zanten on Jan 14, 2009

    Saw his presentation during Le Web. Impressive stuff! A side of entrepreneurship that is usually hidden…

    Reply

  3. By Edo van Royen on Jan 14, 2009

    He writes about his bankruptcy at his blog (http://lundxy.com/) and the way in which he (very honestly) entails what went wrong is actually quite refreshing.
    Be certain to check it out!

    Reply

  4. By Patrick de Laive on Jan 15, 2009

    This is a very sad story. I met Morton in Amsterdam about 2 years ago. He’s a great guy and a bold entrepreneur. I wish him, his wife and 4 kids all the best.

    Reply

  5. By Florian Komm on Jan 17, 2009

    I discovered Morten in a video of a speed he gave last year in Berlin @BIC. He impressed my right away – so I posted it on my blog. I recommend it to everybody to see how much energy his guy has. I’m sure he’ll survive.

    Reply

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