Background
Born and raised on a danish farm, have been participating in the day to day work since I was 6 years old. When I was 11 I started my first company, it was beekeeping and over the years I did grow it to 1000 active Bee hives. That I did take care of in my spare time as I also had a full time job. Career I did continue to make companies, while I studied on the Danish Technical University where I got a masters degree in Science with specialty in Design and Layout of integrated circuits and Nuclear Power. I joined Texas Instruments as a Field Sales engineer, and over the next 12 years I did grow in responsibility so I did support the Memory marked in Scandinavia, Holland and Belgium. With a revenue of several million $. In my spare time I continued to make companies and I did still have my bees. In 1992 I joined GIGA A/S as CEO, GIGA was a startup company with 6 employees that designed integrated circuits as full custom designs. There were no customers and all the money was used so we started from scratch borrowed 1 mill $, paid debt of 500 000$. 8 years later we were 130 employees, revenue was 124 mill $ profit was 61 mill $ and the company was sold to Intel inc. USA for 1250 mill $. We were the only company in the world that could transmit 10 Gbit optical over 80 km. And we had been alone since 1997 where we released our chipset, this chipset formed the base of the internet. |
The sale of Giga was the biggest company sale in Denmark, and I got famous all over the world, there is written a book about my life – Gigamanden by Alex Frank Larsen. At the time of the sale China placed an order on Giga on 180 000$. Giga/I had been talking direct to the Chinese telecomminister.
Over the years I have participated in more than 50 startups and I have made 7 major turnarounds as CEO, the biggest was Com X that had a loss on 1,6 mill $ pr month where 1,1 mill was on the daily business the rest was interest. The product was fiber to the home, over the first 6 month I took the company to a loss of only 100 000$ and over the next 3 years we got 500 000 $ profit pr month. There were 120 employees and no major layoff. Thorium based Nuclear Power Why my interest in Thorium based Nuclear Power? it is a simple way of making power to the whole world for the next 5000 years, it is clean and 1500 times more safe than coal. The power can also be made at a significant lower cost than coal, oil etc. Making the power stations small like 100 MW, they will fit into a 40 foot container and thereby be very portable. I have heard that the Russian forces at the Ukraine border have a serie of 25 MW portable nuclear units placed. Cheap stable energy is the base of any society, and to have it flexible will give enormous advantages. The smaller nuclear units will fit into cars, bots etc. giving them energy to 25 years. Contact Finn Helmer |