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Skype billionaire Niklas Zennström advises startup founders to act like ducks

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Lamont Shaw
May 18, 2016 14:12
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Niklas Zennström, the cofounder and former CEO of Skype, encouraged startup founders in London on Wednesday to try and behave like ducks when things get stressful.Speaking at the Second Home startup space, Zennström said: " Running a business is a lot of pressure for different reasons.

You re going to run out of cash.

'"The billionaire, who founded file-sharing site Kazaa prior to Skype, added: "As the founder, you cannot blink.

You need to always be very confident it s going to be fine, even if you re panicking.

"Over the last 10 years, the Swede has been investing in promising startups worldwide through Atomico — a venture capital company he set up in London after selling Skype to eBay for $2.6 billion £1.8 billion .

The fund has backed the likes of music streaming service Last.fm, "Angry Birds" creator Rovio, and taxi app Hailo.

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Lamont Shaw
May 18, 2016 14:12
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