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Johan Staël von Holstein

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Johan Staël von Holstein
JSvH at SIME Awards
Born
Lars Johan Magnus Staël von Holstein

(1963-05-05) 5 May 1963 (age 61)
Halmstad, Sweden
OccupationEntrepreneur

Lars Johan Magnus Staël von Holstein (born 5 May 1963 in Halmstad, Sweden) is a Swedish entrepreneur, venture capitalist and author who co-founded dot-com companies such as Icon Medialab and LetsBuyIt during the early dot-com boom in Sweden.[1]

Early life

Staël von Holstein studied information technology at Lund University, in the south of Sweden. In 1989, at the age of 25, he began studies at the Stockholm School of Business, Stockholm University in Sweden, where he majored in marketing management. He also attended a summer session at Harvard Business School, taking two MBA course units, "International Business" and "Doing Business with Pacific Rim Countries", and spent a semester at Lynn University in Florida.

Career

He began his career at media and finance conglomerate the Kinnevik Group as apprentice to Jan Hugo Stenbeck.[2] Staël von Holstein worked his way up to his first CEO position at start up ITV (Interactive television), having been a marketing director of Z-TV, the Kinnevik Group's flagship TV channel for young people. He grew InTV to become the largest teletext company in Europe with offices in six countries. Staël von Holstein was vice president of Inlux, in Luxemburg, then went on to become responsible for banque Invik's sales and credit card operations.[3]

At the end of 1995, Staël von Holstein left the Kinnevik Group to found website-design company Icon Medialab together with Jesper Jos Olsson, Erik Wickström, and Magnus Lindahl.[4]

He moved back to Stockholm in 2004 to start IQUBE, which quickly grew into one of the largest private incubators in Europe[5] with a portfolio of more than 100 companies.

IQUBE was recognized as a value creator and major investors included Investor, the Nordic region's largest industrial holding company, as well as Sjätte AP-Fonden, a Swedish pension fund. Staël von Holstein during this time was recognized as a Global Leader of Tomorrow by Chief Executive magazine and elected as one of ten board members on the Swedish Government's Cultural Board, a government agency with the task of implementing national cultural policy.[6]

He was an independent, right-wing columnist for the Stockholm-edition of the newspaper Metro until 2000 and is now back.[7]

Entrepreneurship

Icon Media Lab CEO (first two years)

At the end of 1995, Staël von Holstein left the Kinnevik Group to found Icon Medialab together with Jesper Jos Olsson, Erik Wickström, and Magnus Lindahl.[6]. The company went public in 1999 and continued rapid expansion with a US 70 million-dollar investment to the Asian market in 2000. At its peak the company had over 3000 employees in 32 offices in cities around the globe. In 2001 its shares plunged more than 98% from their early 2000 peak and it axed around 500 jobs. In December 2001 shares of the debt-ridden company were suspended from the Stockholm stock exchange. The company was merged with rival Dutch web company Lost Boys to form a new Dutch-based company under CEO Rens Buchwaldt, and re-capitalized through a £12.4 million rights issue.[8]

LetsBuyIt.com chairman and founder

In 1998 Staël von Holstein founded LetsBuyIt, an online price comparison platform that enabled its users to share, compare, and buy various products. It was the first social shopping portal. LetsBuyIt floated on Germany's Neuer Markt in July 2000, raising about US$60 million from a planned target of US$180 million in its initial public offering. It sought protection under the Dutch Bankruptcy Code (Faillissementswet) in December of the same year.[9] After deferring bankruptcy through 2001, on 4 March 2002 it declared bankruptcy. Its staff had been reduced from 450 to 25.[10][11][12]

IQube founder and CEO

In 2004, Staël von Holstein started IQUBE, which quickly grew into one of the largest private incubators in Europe[7] with a portfolio of more than 100 companies. IQube was wound-up in 2009.[13]

MyCube founder, chairman and CEO

Staël von Holstein founded MyCube in 2008, a digital life management tool for exchanging, sharing and selling content. Mycube was the first decentralized social exchange that prioritized privacy, ownership, and user freedom to monetize on their own creativity in contrast to centralized networks as Facebook etc. MyCube raised over US$8 million in funds in May 2011, then in August 2012 filed for voluntary liquidation.[14]

Crowd1, CEO MULTINIVEL O PIRÁMIDE

Staël von Holstein CEO in 2019.[15][16][17] Crowd1 is a multi-level marketing company that aims to build a community to develop an online entertainment industry. Crowd1 is based in Spain where it trades as Impact Crowd Technology S.L.[18]

References

  1. ^ Ibisom, David (28 April 2008). "Sweden's Enterprise Evangelists". Financial Times.
  2. ^ Latour, Almar (21 January 2000). "Iconoclast: Internet Millionaire Crusades to Overturn Swedish Social Values – An Unapologetic Capitalist, Mr. von Holstein Rattles The Leftist Status Quo – The Spirit of Gordon Gekko". The Wall Street Journal Europe.
  3. ^ http://www.banqueinvik.lu Archived 22 July 2011 at the Wayback Machine
  4. ^ Heller, Richard (19 March 2001). "The new face of Swedish socialism". Forbes. Retrieved 1 December 2010.
  5. ^ Oh, Boon Ping (22 March 2009). "S'pore 'a best place for start-ups today'". The Business Times. AsiaOne. Archived from the original on 9 October 2012. Retrieved 1 December 2010.
  6. ^ Buss, Dale (April 2008). "Global Leaders of Tomorrow". Chief Executive. Archived from the original on 24 November 2009. Retrieved 1 December 2010.
  7. ^ Helander, Magnus (17 December 2008). "Staël von Holstein kickad från Metro". Resumé. Archived from the original on 19 July 2011. Retrieved 1 December 2010.
  8. ^ MacMillan, Gordon (20 December 2001). "Icon Medialab merges with Lost Boys". campaign. London. Retrieved 20 April 2020.
  9. ^ "Letsbuyit finds saviour". CNN Money. 25 January 2001. Retrieved 20 April 2020.
  10. ^ "Letsbuyit.com to meet with bankruptcy in the wings". China Daily. Beijing. 2 August 2001. Retrieved 20 April 2020.
  11. ^ Vaughan-Adams, Liz (5 March 2002). "Jobs go after LetsBuyIt axes Swedish operation". The Independent. London. Retrieved 20 April 2020.
  12. ^ "Neuer Markt's Birthday Blues". DW. Berlin: Deutsche Welle. 11 March 2002. Retrieved 20 April 2020.
  13. ^ Savage, James (11 September 2009). "Swedish business incubator Iqube closes its doors". The Local Sweden. Stockholm, Sweden. Retrieved 20 April 2020.
  14. ^ Kwang, Kevin (27 August 2012). "Facebook challenger MyCube ends operations". ZDNet. Retrieved 15 April 2020.
  15. ^ Jordheim, Hans Mortensønn (18 January 2020). "Nektet for å være sjef i pyramidespill – så kom nyttårshilsenen". E24 (in Norwegian). Oslo, Norway. Retrieved 18 April 2020.
  16. ^ "My vision. CEO Crowd1 Johan Staël von Holstein". Crowd1. 15 October 2019. Retrieved 18 April 2020.
  17. ^ "Meet our people". Madrid, Spain: Impact Crowd Technology S.L. Retrieved 18 April 2020.
  18. ^ "Our Business: Crowd1". Madrid, Spain: Impact Crowd Technology S.L. Retrieved 18 April 2020.
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