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How valuable are grey hairs in Iceland?

How valuable are grey hairs in Iceland?

There has been a lot of discussion in Iceland recently about the difficulty ex-politicians face when looking for work, which is the opposite of the situation ex-politicians face in many countries. Ex-politicians should be considered valuable employees as there is real...
Technological progress and the future of work

Technological progress and the future of work

Icelanders recently celebrated the 100-year anniversary of their sovereignty. The technological advancements of the last 100 years have been staggering and experts estimate that the rate of advancement will only grow in the coming decades. It is therefore appropriate...
Spakur: geoSilica raises a 40M ISK seed round

Spakur: geoSilica raises a 40M ISK seed round

geoSilica an Icelandic supplement company making silica supplements from geothermal ground water completes it´s seed round financing with the help of Spakur. The company has been steadily increasing its domestic sales while expanding abroad. The seed round funds...
Is growth always a good thing?

Is growth always a good thing?

Growth is generally a positive thing for companies; higher sales generally lead to higher operating profit and an improved standing for a company. It is common for a new project, merger or acquisition only to be evaluated by its operating profit. The whole story isn’t...
Startup Valuation: What comes first the chicken or the egg?

Startup Valuation: What comes first the chicken or the egg?

The prerequisite for business between two parties is that both parties are of the opinion that they will benefit from the transaction. Therefore if a party estimates that he will not benefit from a transaction, he will not complete that transaction. An entrepreneur...