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|Series=Entrepreneurship Abroad
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"Det är en bra uppfattning", or "that is a good idea" in English, is a Swedish phrase likely used in the early stages of many familiar start-ups. In a seemingly confusing and not oft reported trend the cold Nordic nation of less than 10 million people is responsible for churning out a slew of major tech firms from a seemingly unstoppable entrepreneur base. QlikTech, MySQL, TradeDoubler, Skype, SoundCloud, Klarna, Spotify, Rebtel, King.com, the Pirate Bay, Kazaa, and Mojang, some of the most recognizable names in tech, are all firms [https://pando.com/2012/11/20/why-tiny-stockholm-has-the-most-stunning-startup-ecosystem-since-tel-aviv/ started] by Stockholmers over the past 25 years. Sweden, when combined with the other Nordic countries of Denmark, Norway, Iceland and Finland, make up for 6.5% of the world’s billion-dollar exits from 2005 to 2012, according to statistics provided by Stockholm-based venture capital firm Creandum. What factors allows such a small environment to be so effective at producing entrepreneurs?

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