It's been a while since I last blogged. So what has happened in the meantime?
Well, a lot. After we went public with Trolltech we sold the company to Nokia for $153 million. We scaled Unwire into the market share leader in Scandinavia and sold a majority stake to LD Equity for an undisclosed sum. We decided the CPGA (cost per gross add) was too high for Sonopia, sold the US subscriber base and put the concept into hibernation. We took Teleca private, after years as a public company, and continue to scale and build it from it's base of 2,000 employees with the competent help of Dr. Romesh Wadhwani's team at Symphony Technology Group.
I also joined the board of another Index company, VirtualLogix, the leaders in mobile virtualization.
A small team of us successfully spun Sunstone Capital out of Danish Government owned Vaekstfonden two years ago, and raised a new fund from which we're investing from now. In total Sunstone has about €450 million under management. I am a Venture Partner in the fund.
During the same period, Christian, Scott, Stine, Tim and I started Progression Partners, and started looking for disruptive category killers within Consumer Internet, Mobile and Enterprise. The first company to come out of Progression was Cogniance, which already, only one year in, has scaled to 75 highly competent designers, engineers, testers and NOC staff in Menlo Park, California and Kyiv, Ukraine. Over the last year we've spent most of our time on scaling CloudMade, founded by OpenStreetMap founder Steve Coast and OpenStreetMap board member Nick Black. Stine has focused a lot of her time building up SVP (Silicon Valley Pad). Progression is also incubating multiple other companies, more about them in a later blog.
In the meantime I also found some time to go to Financial Times's Business of Luxury conferences in Venice and Tokyo. I missed out on the latest conference in Monte Carlo, but expect to go again next year. I am still hoping to find or build a venture that elegantly mixes technology with luxury.
