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  #1  
Old January 14th, 2009, 03:22 PM
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Exclamation Lund bankrupted by newspapers

As raw as it gets - Skype legend Morten Lund bankrupt

Morten Lund, an entrepreneur from Copenhagen, Denmark, might just be the real Rock-’n Roll entrepreneur. Yesterday he was declared personally bankrupt by the Copenhagen Maritime and Commercial Court after losing 10M Krona in an investment into a Danish newspaper, Nyhedsavisen, which went badly wrong.
The free daily newspaper owned by his startup catalyst LundXY- Global Ventures, closed in August 2008 with a reported deficit of approximately $100 million, admittedly generated mostly under the previous ownership.
He told Danish finance news outlet Finans (in Danish): “It’s like superman getting his suit stolen - I’m shaken and don’t really wanna talk about it. I will come back again with full power, i just need to wash my suit.” (Google Translate suggests is a little different).
Lund is founder and managing partner ofLundKenner, a venture capital firm. Wikipedia describes 36-year old Lund as a startup ‘ideologist’ and ‘visionary’ who has founded or co-invested in more than 40 high-tech start ups in the last decade, most famously Skype. In May 2008 he sold Danish social networking and mobile backup site ZYB to operator Vodafone Europe for around $49m.
At Le Web last year gave an amazing talk about the highs and lows of being an entrepreneur which impressed several commentators.



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  #2  
Old January 14th, 2009, 03:30 PM
natkhat natkhat is offline
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Re: Lund bankrupted by newspapers

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Originally Posted by echarcha View Post
As raw as it gets - Skype legend Morten Lund bankrupt


At Le Web last year gave an amazing talk about the highs and lows of being an entrepreneur which impressed several commentators.
LINK

now it is time to show those skills & put his words to work. No doubt he will make a come back it is just matter of time.
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  #3  
Old January 14th, 2009, 03:36 PM
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Re: Lund bankrupted by newspapers

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Originally Posted by natkhat View Post
now it is time to show those skills & put his words to work. No doubt he will make a come back it is just matter of time.
[/left]
Yes. Lund's skills are still high in demand. I am confident he will make a grand comeback...
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  #4  
Old January 14th, 2009, 04:46 PM
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Re: Lund bankrupted by newspapers

Sad. Those among us who followed Lund's raise never expected him to go down ... not in such hasty manner.

Let's hope ... this is Lund's temporary setback. Lund will stand up again. Having said that ... let's not discount age factor. Ten years ago Lund was a young lad of 26 ... full of vigor, vitality, and energy. Even if we were to disregard age factor ... times have changed. There is lot of new competition in area where Lund was considered an expert.

10 years ago ... Lund was able to make it cause there hardly was need for skills ... all it took was little daring and approach. Its different today. Lund will have to face a very skilled and stiff competition.

Let's all hope and pray for Lund. He must get back into the game.
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Old January 14th, 2009, 04:55 PM
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Re: Lund bankrupted by newspapers

Actually this person surname has a different meaning in Hindi.

Sorry for thinking aloud, but makes me wonder, if some of the comments are tongue in cheek ?

Sounds like those double meaning james bond dialogues -

....stiff competition....vigor, vitality, and energy....skills are still high in demand......


Maybe I was reading too much into it
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  #6  
Old January 14th, 2009, 05:03 PM
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Re: Lund bankrupted by newspapers

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Originally Posted by rajiv111 View Post
...


Maybe I was reading too much into it
Yes, you were reading too much into it, Rajeksaugyarah pai... Tantanraja is just a 78-year old LLKC... what does he know about jabaan and cheek
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  #7  
Old January 14th, 2009, 05:23 PM
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Re: Lund bankrupted by newspapers

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Originally Posted by Sane Less View Post
Yes, you were reading too much into it, Rajeksaugyarah pai... Tantanraja is just a 78-year old LLKC... what does he know about jabaan and cheek
I have a strong feeling ... people like you are going to rub Lund with both hands in glee and shock ... blaming Lund for over extending his reach beyond what he could handle. This is not true ... simply not true.

You must blame Lund's current downfall and predicament on the market. Market ten years ago was not sem as it is now. Ten years ago ... US, Canada, Japan, Europe, Vietnam, Singapore, Thailand, India ... everywhere except mid-east and Pakistan, market was so nice, tight and robust wherever you went. You put in one dollar in the market and it just floated like makhan on chaach. Not today ...

US, Canada, Japan, Europe, Vietnam, Singapore, Thailand, India ... market is like a bottom-less pit waiting to
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  #8  
Old January 14th, 2009, 09:47 PM
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Re: Lund bankrupted by newspapers

yantric togi bhaya kabhi to Lund ke baare me sochna kam karo
Quote:
Originally Posted by tantric_yogi View Post
Sad. Those among us who followed Lund's raise never expected him to go down ... not in such hasty manner.

Let's hope ... this is Lund's temporary setback. Lund will stand up again. Having said that ... let's not discount age factor. Ten years ago Lund was a young lad of 26 ... full of vigor, vitality, and energy. Even if we were to disregard age factor ... times have changed. There is lot of new competition in area where Lund was considered an expert.

10 years ago ... Lund was able to make it cause there hardly was need for skills ... all it took was little daring and approach. Its different today. Lund will have to face a very skilled and stiff competition.

Let's all hope and pray for Lund. He must get back into the game.
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  #9  
Old January 15th, 2009, 12:34 AM
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Re: Lund bankrupted by newspapers

Arey I posted this because I do use Skype software, but our corrupt old tantu ji.. Too much





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Old January 15th, 2009, 06:32 AM
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Re: Lund bankrupted by newspapers

Quote:
Originally Posted by 28virgo View Post
Yes. Lund's skills are still high in demand. I am confident he will make a grand comeback...
Right. This drooped down period won't be for long. Lund would surely rise to the occasion for a blast.
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  #11  
Old January 15th, 2009, 08:55 AM
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Smile Re: Lund bankrupted by newspapers

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Originally Posted by Cooldude View Post
Right. This drooped down period won't be for long. Lund would surely rise to the occasion for a blast.
Yes right now Lund is exhausted due to a marathon session for so long. There is shrinkage due to exhaustion of funds. Once there is some market recuperation I'm sure Lund will rise to the ocassion and perform as before, maybe better.
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Old January 15th, 2009, 10:33 AM
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Re: Lund bankrupted by newspapers

Please raise your lunds to support this fellow lund by watching Savita bhabhi
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Old January 15th, 2009, 10:54 AM
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Re: Lund bankrupted by newspapers

Quote:
Originally Posted by tantric_yogi View Post
Sad. Those among us who followed Lund's raise never expected him to go down ... not in such hasty manner.

Let's hope ... this is Lund's temporary setback. Lund will stand up again. Having said that ... let's not discount age factor. Ten years ago Lund was a young lad of 26 ... full of vigor, vitality, and energy. Even if we were to disregard age factor ... times have changed. There is lot of new competition in area where Lund was considered an expert.

10 years ago ... Lund was able to make it cause there hardly was need for skills ... all it took was little daring and approach. Its different today. Lund will have to face a very skilled and stiff competition.

Let's all hope and pray for Lund. He must get back into the game.

prabhu, aap mahan ho, aap hath laga ke ashirwad de do, shayad ye lund abhi uth jaye
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Old January 15th, 2009, 11:02 AM
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Re: Lund bankrupted by newspapers

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prabhu, aap mahan ho, aap hath laga ke ashirwad de do, shayad ye lund abhi uth jaye
I have never seen a more gayer statement than this one
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Old January 15th, 2009, 02:26 PM
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Re: Lund bankrupted by newspapers

Quote:
Originally Posted by milanfanabhi View Post
bhaya kabhi to Lund ke baare me sochna kam karo
How's that possible? You obviously are not too familiar with Lund or Lund's exploits. Let me tell you of Lund I am familiar with and Sutradarji is talking about.

Lund I know is a role model and an enigma et semsemtem. Wish you had followed Lund's story ... Lund started with nothing. Lund was nobody. It was due to Lund's work ethics, sincerity, and fairness that many colleagues helped Lund get to the top.

And now ... no longer at the top ... Lund will have to go back to the very colleagues he left behind. To get back in the game ... Lund will have to start relying on goodwill he created among many.

Milanbhai, Lund was always known to be a fair player. Lund I know and remember was never selfish is the reason that so many carry fond memories of Lund.

Oh yeh ... if you were to google ... you will know ... so many of his former co-workers looked up to Lund. Many of his colleagues who joined other companies were never happy with conduct of new bosses and made it clear in no uncertain terms laving new bosses fuming mad at Lund.

Lund will make it but he must now go back and live-off goodwill ... goodwill he created among many. Lund must let those old colleagues nurse him back up again. I am not worried for Lund. There are just too many good people out there who carry for him a special fondness. Too many out there who will love to help Lund climb up again.
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दूर से देखने पर तो यही लगता था ... 'वाह! वहाँ क्या मजा होता होगा!'
बुरे फसें 'मजाल', आ कर जन्नत में ... हमने तो सोचा था, कुछ नया होता होगा!
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