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

"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.

LGT Capital Partners: The secret to venture capital? Go for the top quartile Having founded companies like Libratone and Embedit and his role as the current chair of the Danish government's entrepreneurial panel, Andersen knows all about venture capital from the personal experience he has spent decades accumulating.

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