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Why Norwegian Startups Fail to Go Global

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Bag/stack of money Sweden flag 1 000 000 000 $ exit every 2 years Norway flag None last 20 years!


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Norway is not the center of the Universe


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THINK BIG!


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Build success with customers and partners first THEN raise funding from the us


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Funding Model Source: VCs At Work , Tarang Shah Extended Team Scalability (Sales, Business Model, Product Core Team Product/ Idea Market Cofounding Team Stage 0 Formation Stage 1 Build & Prove Stage 2 Grow & Scale Funding Type How Much? Typical Valuation Dilution Seed Super Angel Series A Series B Series C Series D, E, F $50-500k $500k-2M $3-7M $7-25M $15M+ $25M+ $1M $3-5M $5-10M $15M+ $50M+ $100M+ 25-40% 5-10% Product-Market Fit


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6. Get the best team


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Source: VCs At Work Tarang Shah


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7. Be bold (don't be afraid)


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Work with the NEW generation Insert logo FB TWITTERdropbox et google


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Show passion! WeVideo wins DEMOgod Award! - YouTube


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PICTURE OF INNOVATION HOUSE VS PLUG AND PLAY TECH CENTER


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9. DELIGHT your CUSTOMERS


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10. Start with Why https://www.google.com/search?q=Start+with+Why&source=lnms&tbm=isch&sa=X&ei=QyxCVKzTJKK7ygOZsYHABw&ved=0CAsQ_AUoBA&biw=1440&bih=779


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THINK BIG BE BOLD BE FEARLESS


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You can beNUMBER ONE IN THE WORLD


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