Berg Moe

- always looking for win-win opportunities

Angel Investor – The 32 Most Active Angel Investors For Indian Startups – Issue #63

Hi, and I hope you’re doing well!

Here are some news articles and tweets I have been reading the last week. I hope you find some relevant stories! If not, send me your links and ideas.

Stay in the loop and get daily Angel Investor News at @entrahouse and if you missed out on the last edition, you find it here.

NB. I have had a long vacation in Thailand and that’s the reason it has been a little quiet. Now it is full steam ahead again, also regarding this newsletter 🙂


The 32 Most Active Angel Investors For Indian Startups
The 32 Most Active Angel Investors For Indian
We have collated the list of top angel investors for Indian startups. If you are a startup and looking to raise funding, do check it out.

African Tech Startups Funding Report 2021 & Full Startup List
African Tech Startups Funding Report 2021 & Full Startup

The year 2021 was a record-breaking one for African tech startups, with 564 companies securing over US$2 billion worth of investment.For the seventh consecutive year, Disrupt Africa is releasing data on the tech investment ecosystem across Africa, contained in the African Tech Startups Funding Report 2021…

Early Stage VC 8i Ventures To Mark First Close Of Fund II By April 2022
Early Stage VC 8i Ventures To Mark First Close Of Fund II By April
8i ventures, operated by GaragePrenuers Internet, will mark the first close of the second fund by April 2022.

Why DeepMind co-founder Mustafa Suleyman has quit Google to become a VC
Why DeepMind co-founder Mustafa Suleyman has quit Google to become a
DeepMind co-founder Mustafa Suleyman surprised many of his followers last week when he announced he’s leaving Google to become a venture capitalist.

Deal of the week; CybExer Technologies

Estonian startup scoops €5 million to combat growth in sophisticated cyber attacks -
Estonian startup scoops €5 million to combat growth in sophisticated cyber attacks –
Estonia-based cyber range company CybExer Technologies has raised a €5 million funding to expand global operations and tackle global cyber security skills gap

MoneyHash raises $3 million pre-Seed funding - Wamda
MoneyHash raises $3 million pre-Seed funding –

US-based Egyptian fintech MoneyHash has raised $3 million in pre-Seed funding, led by UAE venture capital firm COTU Ventures, with…

Okanagan's angel investor program spreads wings across Western Canada | News |
Okanagan’s angel investor program spreads wings across Western Canada | News |
Six entrepreneurs will compete for a $150,000 investment boost at the fourth annual OKGN Angel Summit on March 16.

This week’s tweets

2021 Demo Day- Techstars Sustainability Accelerator in Partnership with TNC
2021 Demo Day- Techstars Sustainability Accelerator in Partnership with

Please join us for a virtual Demo Day for the 2021 class of the Techstars Sustainability Accelerator in Partnership with The Nature Conservancy on December 9th at 12pm ET. Hear from the ten climatetech companies that are focused on building a world where people and nature can thrive together. Learn more and register here.

Personal Milestone; SPAS Estonia

SPAS is the next generation fire extinguisher

I have taken a position in SPAS Estonia. It is a unique, innovative product with no need for annual checks and fast activation time – less than 3 seconds.

Do you want to learn more? Send me a mail, book a meeting or go to

As a curator, there is nothing more helpful than feedback on what you think should be the focus of this newsletter. If you want to be a more active contributor, have an interesting startup, some great ideas for collaboration you want to share etc… Let’s have a chat.

Book a meeting at

I promise your voice is important and suggestions regularly incorporated into the digest. Please send me your ideas, exciting news, deals, tools and connect on LinkedIn and follow my blog at 🙂

Bryggefisk will participate the Food Ecosystems Virtual 2021

King Crab Legs Cooked on wooden cutting board with lemon parsley / red crab hokkaido seafood served table. Foto; Adobe Stock

💥Congratulations Bryggefisk, you have been accepted to the Food Ecosystems Virtual 2021 Founder Institute!
What a start of the weekend🌟🌟🌟

👉The Founder Institute (, the world’s premier pre-seed startup accelerator, is launching its first-ever global food and agriculture program, and Bryggefisk is a part of that batch.

Soon we will start up in Berlevåg with King grab, but the primary focus in the FI-program will be a development of the application we are working on.

👉 For more information, contact me.
NB. We are also taking onboard a few additional investors to match some public funding.

Crypto currency – Looking for a simple and safe way?

Crypto currency for main street? The last year I have been screening for the the best solution for normal people and small business to get into the crypto currency world. Yes, there is a loot going on in the business now, but now I think I have found it.

Wirex - Crypto currency

With Wirex you can invest in bitcoin and pay for online services and use ATMs to take out cash.

Wirex – crypto currency game changer?

Wirex is an innovative crypto payments platform, giving customers the ability to buy, hold, exchange and sell up to 20 traditional and cryptocurrencies from a centralized, intuitive app. This is one of Wirex’s most popular features. The company is proud to have been the world’s first to offer a cryptocurrency rewards scheme.

The programme automatically rewards customers up to 2% back in WXT. This is Wirex’s native token, for using their crypto-enabled debit card in-store or online.

Need some inspiration during lock-down? How was your morning today?

– In 2020, the crypto payment card and bank raised £3.7 million crowdfunding on Crowdcube. This took the valuation of the company to £125 million.

Wirex is based in London, with offices in Singapore, Kyiv, Tokyo, Toronto, Dallas, Dublin and Atlanta. With over $5billion worth of transactions processed already and rapid expansion into new territories, including the US and Japan, Wirex is uniquely placed to support and promote the mass adoption of a cashless society through creative solutions.

– Mastercard principal membership enables Wirex to issue payment cards directly to consumers, making it easier for people to buy, hold and exchange multiple traditional and cryptocurrencies. Consumers can instantly convert their cryptocurrencies into traditional fiat currency, which can be spent everywhere Mastercard is accepted.

Have a look at and sign up for free and please give me your feedback. Do you agree that this can be a great way to get into the crypto currency?

What habits play a role in your life?

Perhaps dieting and smoking spring to mind. But our lives are actually full of many habits.

A minimum of one-third of our waking life powered by our unconscious mind. We operate on auto-pilot, not fully cognizant of what we’re doing while we’re doing it.

Read more and search for “Making Habits, Breaking Habits” at

It’s not surprising to find you have many more habits than you might think. Social habits, such as who sits where at the family dinner table; work routines like saying “mm hmm” and “a-ha” during meetings; eating habits that help us sift through multitudes of food-related decisions every day – and the list goes on!

Do you ever catch yourself checking your email for the hundredth time only to discover that, still, nothing interesting has arrived in your inbox? We call this the partial reinforcement extinction effect. Why are we repeating the same action, even without reward?

But there are other habits that you can’t see: habits of thought. If they are negative in nature, we can connect these habits to mental illnesses such as depression.

Read more at – Get up in the morning and Bootstrap yourself

Whether thoughts are positive or negative depends on our appraisal of something that happens to us, and sometimes we appraise in unhealthy ways. Imagine you lost your job. If you’re in the habit of perceiving yourself as powerless and culpable, you’ll have trouble fighting the negative emotions that unemployment entails.

Another type of pattern is rumination – when you think about something repeatedly. Some say that retrospection can help us learn from our supposed failures, but there’s a difference between reviewing your experiences and wallowing in the misery and pain of them.

Want to get out of the Coronavirus blues with music?

Nice day at Øksfjord, Finnmark with music on my earplugs.
Picture is from Øksfjord, my hometown up in Finnmark, Norway. Foto: Berg Moe

Every Friday I play through the list published by NPS Music of all the week’s releases and pick out the 10 songs I liked best.

Norwegian Top X – Updated Weekly

Challenges you to do the same and share your list with me. The taste is like the butt. Individual 🙂 

What is your favorite Playlist?

This Week in Startup with Jason Calacanis and Becki DeGraw – Negotiating a Term Sheet

I am addicted to Blinkist

The Blinkist app gives you the key ideas from a bestselling nonfiction book in just 15 minutes. Available in bitesize text and audio, the app makes it easier than ever to find time to read.

Test it for free her.


How was your morning today?

To kick-start your day positively can change your life. Foto: Adobe Stock.

On this very morning, you are all set to decide how the day will play out.

You can feel sorry for yourselves, regret yesterday’s mistakes, or maybe define yourself as a victim of this global epidemic or you lift yourself to take another approach with a simple morning ritual;

  • List up at least ten things you are grateful for in life
  • Don’t rush to read the news, but use 10 minutes meditating or praying
  • Take a 30-minute fast walk or run. If you are in quarantine at home, find other ways to make your heart pump
  • Take your vitamins and drink water
  • Have a nice breakfast and a smile

The routine described here is my approach, but define your own one.

“All of life is an experiment. The more experiments you make, the better.”

Ralph Waldo Emerson, AMERICAN ESSAYIST

Finding the right routine for the early hours will change your day for the better, so why don’t you just start today?

How was your morning today?

Why a Financial Crisis Is the Best Time to Start a Company – by Feliks Eyser

Starting with a blank slate is your advantage in 2020. This year, the competition is weak. Foto: AdobeStock

Story by Feliks Eyser first published at

I started my digital marketing company in 2009 against the backdrop of a global financial crisis. Most people thought a young university graduate — like I was at that time — should play it safe and wait for the business climate to get better before starting a company. I’ll never forget the middle-aged business owner who approached me at a trade show and suggested I was “very courageous” to start a company in“the crisis,” and wished me well as if I were taking a trip to some dangerous place from which I would never return.

My youthful ignorance turned out to be a blessing, although the first two years of bootstrapping were painfully humbling. My business card read “CEO,” but in reality, I was sleeping on an airbed under my desk. Two years later, armed with the proof of concept for our business model and bolstered by the tailwind of the improving economy, I raised my first round of financing. Eventually, I assembled a fantastic team of hundreds of people and later sold the majority of the company to a media conglomerate. It was a great ride, and I now believe that starting my company during a recession was the best move I could have made.

Why it’s better to start a company in 2020 than in 2019

According to a 2009 study by the Ewing Marion Kauffman Foundation, an extraordinary 57% of Fortune 500 companies have been founded in a recession or bear market, even though only 31% of all years since 1855 counted as “down years.”

Starting with a blank slate is your advantage in 2020. This year, the competition is weak.

If the majority of these companies got started during rough economic periods, it suggests that they may not be bad times to start a company. A “bad time to start a company” usually implies low consumer demand and limited access to funding. But that’s mainly a problem for startups that are already established. They have to manage the decline, after all.

With no legacy costs, no draining layoffs, and no bank calling you to cut the credit line, entrepreneurs who start companies now can focus on building a great new product or service. Starting with a blank slate is your advantage in 2020. This year, the competition is weak, and you can gain an advantage that might last for years.

Ingredients for success

In the world of startups, there is no guaranteed formula for success, but you need at least four ingredients to avoid failure: a good idea, an outstanding team, enough funding, and a way to find customers.

Here’s what that looks like in the current crisis of 2020.

1. Painkiller ideas

Great ideas usually either solve a real, significant problem or make life considerably easier. Think of great startup ideas as painkillers: People need them and are willing to pay. The year 2020 will produce a whole range of “painkiller-category” problems that will translate into entrepreneurial opportunities.

Millions of children can’t attend school. How can you solve that? Visit any quarantined household with small children. Those parents surely have a litany of new problems in need of a solution. Tens of millions of workers have gotten laid off. Hundreds of thousands of urban storefronts will be left empty by shuttered restaurants and struggling retailers. What will fill the voids in 2021?

Problems create opportunities, and 2020 is not lacking in problems. It’s no coincidence that companies like Uber or Airbnb were founded and thrived after the last financial crisis. They solved real problems (“I need extra cash”) and made life easier (“I want a cheaper, easier option”) at the right time.

2. Hiring during a recession

Finding great employees has historically been one of the biggest bottlenecks for startups. Here’s the biggest reason to start a company in 2020: For the first time in the last five years, you’re going to have access to an abundant pool of amazing talent. In 2019, companies had to bend over backward to attract great people. Outstanding employees were spoiled by poaching offers from competing companies. That drove rising salary levels and the frequency of job-hopping.

Today, the pandemic has forced millions of qualified, hard-working employees to be let go by their firms. Some of them — maybe you among them — will take matters in their own hands and create a startup. Others will be thrilled to be working for one.

In 2020 it will get much easier to compete for talent and retain employees. Perks like free kombucha, Disneyland furniture, and daily yoga classes at work suddenly sound so “2019” now. This year, offer meaningful work with good pay and possibly some stock options and people will gladly assemble their own Ikea furniture to work for you. Add to that the possibility of worldwide recruiting, which the work-from-home explosion has accelerated, and your inbox will be overflowing with applications.

3. Finding funding

Now you might be thinking, “This sounds all well and good, but it will be impossible to raise any money in 2020.”

I don’t agree. But before I address why, let’s clear something up: I think the last five years were a fake environment of fundraising. It felt like anybody and their dog could raise a $1 million seed round if they walked straight and put together 20 PowerPoint slides. There was so much money available that a company was able to raise $120 million dollars to build a $400 machine to squeeze juice from a plastic bag.

These times are probably over, but venture capitalists and angel investors are still here and still have money to invest. It will undoubtedly become harder to raise funds in 2020 compared to 2019. The 2020 funding environment will favor outstanding founders. They will still raise rounds, and the mediocre startups will suffer. But who wants to be mediocre anyways?

Let’s consider a temporary shortage of capital a good thing. Less funding means the quality of entrepreneurship will rise again. Fewer dollars will force everyone to work harder and get better. In my first two years after starting up, I would think three times before spending a dime. For example, we would never pay for any sales leads datasets but instead hack together a script to scrape such data from public sites for free. This instilled a culture of frugality that lasted much longer than the actual bootstrapping phase.

In normal times, nobody needs a $50 million Series A round six months after starting their company. A lot of such rounds led to premature scaling and created more damage than value. Potentially good companies like WeWork blitzscaled straight into trouble.

Use the temporary shortage of capital to your advantage and foster a culture of frugality and wits. No business-class flights or $1,000 office chairs. The leaner you operate, the better.

4. Finding customers

When I started my digital marketing company in the financial crisis, a lot of companies had shredded their advertising budget. So needless to say, our products didn’t sell like hotcakes. But we knew there were still businesses out there that were doing well and who needed our services. Our job was to be smart and find them.

As a founder, your job in the first year is to build something that 100 people love, rather than something that 10,000 people kind of like. If you do an excellent job of creating something valuable, you’ll find those 100 people, no matter if it’s the year 2020, 2009, or 2001. That is the first stage for most startups, and during this stage, the macroeconomic environment just doesn’t matter so much. It will easily take one or two years until you have genuinely figured out product-market fit.

Take advantage of the low advertising prices as well. If you truly offer something that people need, now is the best time to attract users cheaply. With marketing budgets cut down to almost zero in a lot of cases, you’ll be able to buy low-priced ad inventory, especially in digital channels.

Here’s to the real entrepreneurs

The next couple of years in a downturn environment will be your training day. The sales you make will be the hardest of your life. The fundraising will be slow and cumbersome, especially if you’re a first-time founder. You will get scars. But those kinds of scars will make you great in the future.

Fortune hunters who are just in the game for easy money are likely to leave the scene during this crisis. But real entrepreneurs will enter the arena and stick around. Entrepreneurship is always a tough game with limited resources, no matter when you start. One of my mentors would always say: “As a founder, you have to eat concrete.” You’ll face a thousand setbacks in your journey. So you might as well start now when everyone else is too scared to join the race. You’ll have a head start.

Story by Feliks Eyser first published at

Techstar Startup Digest Angel Investor

A new issue of Techstars Startup Digest Angel Investor – The state of the art on startup investing – is soon ready. delivers game technology that accelerates game development and enhances player engagement. Foto;

This week; Read about Danish artificial intelligence firm that closed a $1.7 million seed funding round this week, and more…

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