TalkBBQ: What does ”founder friendly” really mean? A conversation with Claus Zibrandtsen, CEO inQvation
Do we have a ‘founder friendly’ culture in the Nordic countries? What does it mean? And more important, how do we co-create a ‘founder friendly’ culture in the Nordic region? inQvation, Synch, and TechBBQ have joined forces to answer these questions by starting a new initiative under the name “TalkBBQ” — an exclusive event for a lucky group of founders & investors that are quick enough to sign up. Up to the event, Nordic founders will be invited to share investment dilemmas they face or have faced. These will TalkBBQ's experienced panel then try to answer. In this blog post we have had a little chat about this with one of the 5 panelists: Claus Zibrandtsen, CEO at inQvation.
LET’S TALK ABOUT IT WITH CLAUS ZIBRANDTSEN, CEO AT INQVATION
Claus Zibrandtsen is CEO at inQvation and has over the years made several investments in some of Denmark’s most promising startups, e.g. Son of a Tailor, GOODIEBOX, Cortrium, Sani nudge, Spiio and Onomondo.
When talking about a ‘founder friendly’ investment culture, Claus Zibrandtsen believes that there must be mutual respect amongst the founder team and the investor(s), since both sides of the table can add different values to the company. In the long run both sides of the table want the company to be successful:
“As an investor, it is crucial that you do not ask for majority shares of the startup in the beginning. At the same time, it is important that you as a founder really understand all the risks an investor agrees to when he/she provides capital. It is not a power struggle! Instead both the founder and the investor have to see it as a long-term collaboration where they work together to develop the company and make them a success. That’s the perfect match”.
How do we create a ‘founder friendly’ ecosystem in the Nordic?
According to Claus Zibrandtsen, it is first and foremost about creating the most favorable terms for the startups. Otherwise, they will move their headquarters out of Denmark. Therefore, Claus Zibrandtsen believes that we have to look at the terms here in Denmark. To mention a few things, Claus Zibrandtsen acknowledges that we should look at the access to talents, access to venture capital, access to mentors and lastly, the public arrangements.
“We must ensure that the startups have access to the right resources all the time. We do not want startups to have too many open positions for too long. The problem is that the best resources often does not exist in Denmark. We need to ensure that 1) we have the right terms to attract international profiles/ talents and 2) we have to make sure that we educate the right employees 5-10 years ahead” recommends Claus Zibrandtsen.
We are looking forward to hearing Claus Zibrandtsen go into details with his above points at our panel discussion on Thursday 27th of June at Matrikel1. Remember that there is only a limited number of seats, so sign-up today if you want to be part of TalkBBQ. Did we mention that tickets are free? Connect with Claus Zibrandtsen or learn more about him on LinkedIn.
SUBMIT YOUR OWN QUESTION FOR THE PANEL DISCUSSION NOW
What do you think about the Nordic investment culture? If you have a question or a specific dilemma that you would like the panelists to discuss during the panel discussion, please submit your case or question on firstname.lastname@example.org – you can do it anonymously if you prefer to be under the radar during the panel discussion 😉
inQvation, TechBBQ and Synch have joined forces to take a closer look at the term “founder friendly” and what it really means. We invite the entire startup community to TalkBBQ, an event where our expert panel of knowledgeable investors and founders will debate the Nordic investment culture. Afterwards we will cook up a nice summer BBQ with lots of networking, beers and "hygge". The event takes place on Thursday 27th of June at Matrikel1, Copenhagen from 3PM-8PM.
There is only a limited number of tickets, so don't wait too long to claim your free ticket.