Why the publishing industry is broken – John Biggs – Startup Iceland 2014

John is funny and says it as he sees it. Here is a story of John working on a book with a publisher and then working on another book by himself. The talk highlights whats wrong with the publishing business. I think it outlines the challenges most established businesses have with the advent of the…

Videntifier – A Startup Profile

I heard about Videntifier in 2009, when I was asked to do a business model due diligence on the team that was coming out of Reykjavik University and I was told that the faculty and the professors of the University were mighty impressed with the technology and the team. It was very impressive, basically what…

Who should attend Startup Iceland Conference

Since I published my Status Report on organizing the Startup Iceland Conference, there has been very good discussions and feedback and criticism of the message of the Conference on facebook and by my wife. I am extremely thankful for all the feedback and discussion, I will work with those helping me to fix all the…

Can World Class Companies be built from Iceland?

If you asking this question, my answer is another question… Why not? Why cannot we build world class companies out of Iceland? There are examples like Ossur, CCP Games. The cynic always says we need more examples and more track record, Iceland is small, we don’t know how etc etc I don’t agree! and I…

Should overnight success take 11 years?

Saw this post on Facebook about Mr.Thordur Magnusson, the Chairman of Eyrir Invest. Eyrir has been one of the private venture investors in Iceland and they have strong track record in their portfolio like Caldiris, Marorka, Ossur, Marel etc all household names in Iceland. They have a strategy of Buy and Build, which means the…

Business Model vs. Business Plan

There is a fundamental difference between a business model and business plan. A Business Model defines how you will make your product or service economically viable. A business plan describe how you are going to make your business model work. One does not always know how the plan is going to evolve, so building detailed…

Maximus Musicus – A Startup Profile

Hallfríður Ólafsdóttir came to our Rotary Club and spoke about her journey in creating Maximus Musicus, a little mouse and a very popular character with children in Iceland and 6 other countries. She is an accidental entrepreneur because she is the lead flutist with the Icelandic Symphony Orchestra and she recalled just waking up one morning…

DataMarket – A Startup Profile

DataMarket.com is a startup out of Iceland. I have met with Hjalli a couple of times, spoken to him quite a bit and used DataMarket services on some of the presentations and have been following the company. The company started in June 2008 and Hjalli has been around the block in the startup journey a…