Ben Horowitz, partner at venture capital firm Andreessen Horowitz, has been writing a couple of very interesting blog posts on company-building in the last couple of months. An interesting post is Why We Prefer Founding CEOs. It's a post that should be read in its entirety, but he points to three key ingredients required for innovative organizations/CEOs: a) Comprehensive knowledge, b) Moral authority and c) Total commitment to the long-term.
Related reading (in Swedish) by Sebastian Siemiatkowski, CEO and founder of Klarna.
May 10, 2010
May 9, 2010
Temporary address
As Blogger has removed the possibility to publish to a domain via FTP, I've temporarily moved my blog and blogging to torstenssonsweblog.blogspot.com. My plan is to have the latest updates back on torstensson.com in the not too distant future. If you subscribe via RSS nothing should change.
May 8, 2010
Sequoia invests in Klarna
Sequoia has invested in Swedish payment firm Klarna. To my understanding it was a combination of a new share issue of 70 MSEK and Sequoia acquiring shares from earlier investors (but not the founders). If Sequoia didn't acquire secondary shares as part of the investment, the implied valuation doesn't make sense.
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