Here’s why this crypto startup founder is on the Socialist Party’s ‘Wall of Shame’
The post Here’s why this crypto startup founder is on the Socialist Party’s ‘Wall of Shame’ appeared on BitcoinEthereumNews.com.
Fredrik Haga (@hagaeth) is the co-founder and CEO of the crypto startup Dune Analytics, forced to leave his country. In a local publishing, Haga appears on Norway’s Socialist Party’s “Wall of Shame” after being overwhelmed by unrealized gain taxes. The local publishing is Borsen, a financial arm of the Dagbladet, featuring the inside of Kirsti Bergstø’s office. Essentially, the Norwegian politician, leader of the Socialist Left Party, says her “Wall of Shame” gives her strength to work. On the wall, Bergstø places newspaper and magazine articles featuring rich Norwegian quotes and stories, including Haga’s. In particular, the crypto startup founder shared Alex Svanevik’s post this Saturday morning, November 16, telling his story. So I tried to build a tech company from Norway and here’s what happened: 1. Two years of building without almost any money/funding, better part of a year without salary2. Raise VC and become one of Norway’s first unicorns 3. Face unrealized gains wealth tax bill of many x my… https://t.co/59cRJMBxXn — hagaetc.eth (@hagaetc) November 16, 2024 Who is Fredrik Haga, the crypto startup founder who left Norway Frederik Haga founded Dune in Norway in 2018, building for two years “without any money/funding,” according to his post. After a few months of working, “even without a salary,” things finally appeared to be heading in the right direction. In 2020, Dune rose $2 million with a Seed round, according to data Finbold retrieved from CryptoRank. Two other funding rounds followed, raising $8 million and $69.42 million in Series A and B stages, respectively. With that, the crypto startup became Norway’s first unicorn, in Haga’s words. Dune Funding Rounds. Source: CryptoRank / Finbold Norway’s government, however, celebrated the accomplishment by charging the founder an unrealized capital gains wealth tax bill of “many times” his annual net salary, looking at the…
Filed under: News - @ November 16, 2024 11:21 am