Backcasting is not a novel concept. It has been around for many years but has rarely been discussed in relation to its practical application for venture capitalists. Entrepreneurs are to be viewed as visionaries of the future that have traveled to the present to tell us what the future looks…


  • Multiples will tank, following the descent of publicly traded assets.
  • Fewer funds will be raised.
  • Deal count remains constant but round sizes will go down.
  • The great companies will survive and the ones relevant to solving this crisis will thrive.
  • Deal terms shift in favor of VCs.

Until just recently…


Stockholm Universities Dominate the Swedish Startup Scene

  • 55% of startup founders graduated from universities in Stockholm
  • KTH Royal Institute of Technology, Stockholm School of Economics, and Lund University are the top 3 universities from which founders graduated.
  • 22% of founders started their company during their time at university or as a recent graduate (<1 year out)
  • VCs…

Lukas Malmberg

Hi! I’m Lukas, and I’m eager to share research, thoughts, and notes on early-stage investing.

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