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Patrick Lund
🏴☠️
Patrick Lund is an investor at Delphi Interactive, a company based in Copenhagen, Denmark. He has been with Delphi Interactive since 2015 and has accumulated significant experience in the investment sector. Lund holds a degree from Copenhagen Business School, which underlines his educational background in business and finance.12
In his role at Delphi Interactive, Lund is involved in financing and co-publishing AAA video games, working closely with elite developers in the gaming industry. His expertise extends beyond investment; he has played a key role in shaping the company's strategic direction and partnerships within the gaming sector.23
Highlights
Happy face 🙂? Or sad face 😢?
Time will tell - one thing is for sure, it’s been an amazing ride on the startup rollercoaster and after 725 weeks, this one is my last at Graduateland / JobTeaser.
Time for the history class: The founding team, consisting of Jens, Morten, Jesper, Jonas and myself, gave birth to Baby Graduateland back in November 2009 and for a handful of years we were musketeers deeply immersed in teaching this little toddler how to crawl, talk, and not soil itself. Despite being clueless about entrepreneurship we played it by ear, built fantastic products, made important decisions quickly, and kept moving forward. We were not yet exposed to the importance of 1:1's, year-on-year growth, cohort analysis, and other business essentials. Life was wonderful and stress free. Didn’t the sun always shine back then?
We did learn that important people made all the difference and amazing hires were made back then. Employee of the decade, Georgij, joined, and noteworthy mentions include first wave of VPs; Niels and Joakim. If you can’t give ‘em money, give ‘em titles! 🏅 > 💰
In 2015 I took over the CEO captain's hat 🎩 and was the last remaining co-founder. At times feeling alone on the deck I continued to steer the ship forward and navigate around obstacles such as negative cash flows , employee churn, and worldwide lockdown. Along for the ride were important sailors, who all had knots to tie and robes to pull. Thanks for sailing with me, Lucas, Malte, Mark, Jonas, Joachim, Tomas, Mathias, Michael, Fernando, Thomas, Rued, Julian, David, Mattias, Jonas, Nik, Jakub, Jevgenij, Paolo, and many others.
The north star we sailed towards the last couple of years was in the zodiac sign of the Exit. Important pirates 🏴☠️ have been manning the guns 💣 and massive shoutouts to Leo, Cecilie, Mikkel, Almedin, Dino, Edgaras, Kristoffer, and Lasse. Without you I could not have dressed up the camel 🐫 and made it win the beauty contest against unicorns 🦄 sprinkled in fairy dust.
Graduateland.com sunsets this week and the CPH team has truly become the Nordic hub of JobTeaser. I still believe very much in the vision of creating a unified European network, and I will be rooting for the teams in Copenhagen, Paris, Brussel, and Germany. #OneTeam! I have learned a lot from the merger and subsequent migration process, and enjoyed getting to know many of you JobTeaser folks. And I got to swing by Paris from time to time, which is one of the best perks I’ve ever had. My French didn’t improve much…mais je peux toujours commander de la bière 🍺, alors peu importe 🤷♂️. Adrien & Nicolas - looking forward to that champagne on Champs-Élysées that you promised. You know what I mean ;) Tristan, Tristan, Anne, Grégory and many other - keep trucking 🚚
Time simply came for me to turn a page, and see what the next chapter is about. I am looking forward to that, and am in no particular rush.
I guess I'll start with the happy face for now 🙂
Silicon Valley Bank went belly up for the same reason that the WeWork business model didn't work during the covid crisis.
'Borrowing short and lending long': 'Borrowing short' refers to deposits. When you deposit money in a bank, you’re lending the institution money and they’re borrowing that money from you with the promise of returning it at any point in time. 'Lending long' refers to what the bank does with your money. SVB purchased long-term bonds at a time when interest rates were at historic lows and had their depositors' cash locked up. ➡️ fatal when everyone wants their money at the same time.
WeWork signs 10-year leases for large office spaces and slices these into cubicles and smaller offices, which they sublet out to startups and SMBs. The m2-prices are naturally higher, but with the advantage of shorter termination periods. During the covid crisis many companies either downsized, or went fully remote, thus needing less office space. Quick termination of WeWork contract, yes sir! ➡️ not good for WeWork. 'Subletting short and leasing long'?
Have not seen this comparison before. Am I the first one to see it, or am I completely wrong? Thoughts, Scott Galloway
#SVB #WeWork #business #strategy
