Activity
The firm manages a portfolio of companies encompassing web and mobile telecommunications, content and media, financial services and clean technology.
LundXY was a backer of the 2008 World Economic Forum Technology Pioneer of the Year Nikolaj Nyholm and his startup Polar Rose, as well as Nyholm's previous start-up Imity (acquired by social networking site ZYB for an undisclosed sum in April of that year). Aresa A/S, WEF Technology Pioneer of the Year 2007, has also secured financial backing from LundXY.
LundXY is part of the Digital Life Design Community (DLD) and Lund, the architect and ideologist behind the company, was ranked as one of the most influential people in the tech industry. The viewing figures for Lund's blog put it ahead of local newspapers in Denmark, with more than 40,000 monthly readers.
LundXY owned the now defunct free daily newspaper, Nyhedsavisen, in its time the most widely-read newspaper in Denmark. Its stated goal was to transform the nature of printed press by merging the offline distribution with an attractive online presence. In January 2008, LundXY acquired a 51 per cent majority stake in Dagsbrun Media, which owns Nyhedsavisen, from Baugur Group, the Icelandic investment firm. As part of the deal, Lund XY injected its own working capital into the newspaper. Lund's acquisition came 15 months after the paper's October 2006 launch, and three months after it officially took the position of most read daily newspaper in Denmark, outpacing established paid-for titles and rival free sheets with a circulation of 550,000. Despite this, finances continued to be an issue and the paper eventually closed in August 2008.
Lund is a member of Bill Clinton's Clinton Global Initiative, through which LundXY is committing its financial power to development cases around the globe.
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Famous quotes containing the word activity:
“What have we achieved in mowing down mountain ranges, harnessing the energy of mighty rivers, or moving whole populations about like chess pieces, if we ourselves remain the same restless, miserable, frustrated creatures we were before? To call such activity progress is utter delusion. We may succeed in altering the face of the earth until it is unrecognizable even to the Creator, but if we are unaffected wherein lies the meaning?”
—Henry Miller (1891–1980)
“Every time a child organizes and completes a chore, spends some time alone without feeling lonely, loses herself in play for an hour, or refuses to go along with her peers in some activity she feels is wrong, she will be building meaning and a sense of worth for herself and harmony in her family.”
—Barbara Coloroso (20th century)
“In communist society, where nobody has one exclusive sphere of activity but each can become accomplished in any branch he wishes, society regulates the general production and thus makes it possible for me to do one thing today and another tomorrow, to hunt in the morning, fish in the afternoon, rear cattle in the evening, criticize after dinner, just as I have a mind, without ever becoming hunter, fisherman, shepherd or critic.”
—Karl Marx (1818–1883)