Entrepreneur Morten Lund, of Skype Fame, Officially Declared Bankrupt
Written on 14th January 2009
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Zee, Editor in Chief at The Next Web, Principal at WeDoCreative.
Morten 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.
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Entrepreneur Morten Lund, of Skype Fame, Officially Declared Bankrupt http://is.gd/fTjE
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He always said that “professionals build the titanic and amateurs build the ark”. @ Zee Entrepreneur Morten LundBankrupt http://is.gd/fTjE
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He always said that “professionals build the titanic and amateurs build the ark”. @Zee Entrepreneur Morten LundBankrupt http://is.gd/fTjE
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In sad VC news…guy from Skype just declared bankruptcy. http://bit.ly/1GgzkK Have to admire his positive attitude http://bit.ly/VTnL
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[...] 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 [...]
[...] 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 [...]
[...] 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 [...]