A great read from the notes of the first institutional investor in Spotify. Great reminders of the importance of backing a great team and then figuring out how winners fit into your fund strategy!
We all know now how crucial recruitment is for any early-stage company, but was even more so for a consumer tech startup in Stockholm in 2007, where the tech entrepreneurship scene looked nothing like today. The team succeeded by building a world-class talent pool in Stockholm when the startup scene was only starting to take off in Europe. We can easily give Spotify thanks as to why Stockholm is now leading lists of European startup capitals. And of course on a personal note an even bigger thanks for helping to propel Creandum’s brand to where it is today.