ByFounders: Financial crisis gave venture capital legitimacy

Back in 2008, venture capital was not the first place investors considered putting their money ­ on the contrary. But the financial crisis brought about the conditions for the asset class to become far more widely sought after. One Danish venture capital fund looks back over the last decade.
Photo: Stine Bidstrup
Photo: Stine Bidstrup

"In the early noughties no-one went into venture capital – not in Europe and not in the Nordics for real. The American venture scene on the other hand was booming. Investors would maybe drizzle a bit of money in that direction, but it was all half-heartedly and left-hand work," Tommy Andersen, serial entrepreneur, former business angel and founder of the Danish venture capital fund ByFounders tells AMWatch.

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