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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?

Finally, a model of looking inward for talent and outward for business allows Swedish start ups to take advantage of highly educated, low cost Swedish technicians for labor and the relatively homogeneous greater Nordic market as a jumping-off pad. Plus, after viewing Swedish simplicity like IKEA, you have to admit they have pretty desirable design skills as well. Not all is cheery in the entrepreneur atmosphere of Stockholm however, the study also cites a lack of a "critical mass" of investors, a cultural aversion to crowdfunding, and overall deficiency in starting capital as barriers to startups. All of this in mind however, it is clear to see the many traits and factors which help Stockholm rule the tech startup world.

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