Lund: CodersTrust educates 500 to 700 students per month
Morten Lund · 20 VC: Morten Lund on Skype, Bankruptcy, Fintech and Why "Banks Are Full Of Lots Of Stupid People Doing Nothing" · Jan 4, 2016 · at 18:30
Morten Lund, serial entrepreneur and investor, discusses the operational scale of CodersTrust, his social impact initiative providing micro-loans and tech education in developing countries.
0:00 / 0:06exact quote · 6.5s
720p mp4 · rendered on demand · StarZero watermark
“And I think we're educating five, 407 hundred people per month now on, on the, on this scheme.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Morten Lund
Banks spend $1B on tech because of incompetent staff
“Every bank, just to simplify it, every bank has a budget of a billion a year in technology spend, yeah? Mostly because they have an immense amount of stupid people running around doing nothing.”
European startups seeking billion-dollar exits must sell in Silicon Valley
“Well, you endgame, you have to take a plane to San Fran at some point to sell your company, because nobody can swallow a company in Europe over, you know, a billion dollars.”
The Scandinavian middle class faces a dark future without growth
“Here in Scandinavia, the middle class is, is not super happy because there's no growth. They're, they just have what they have, but there's a pretty dark future.”
Legacy bank contracts with IBM will unwind, creating fintech opportunities
“The web bank is a media, and nobody's using it as a media, and it could do a lot of interesting things, from accounting to all kind of interesting things, and the banks are just sleeping, and they're locked in in stupid contracts with IBM, managing their whole…”
Why Morten Lund passed on investing in Kazaa
“They, you know, ended up calling me whether I wanted to invest in Kazaa, And I was not really convinced, convinced that it would be a healthy business because It was actually a business plan one-to-one with iTunes, but they didn't have, or we didn't have the n…”