Great Advice From The Biggest Loser: Morten Lund at Le Web 2008 [Video]

The name Morten Lund had never come across my radar before today, while I was reading TechCrunch. The 36-year-old Danish entrepreneur and owner of the venture firm Lund XY  recently lost his shirt on a deal that would deliver free print newspapers to people's homes in Denmark. Lund, who has a personal portfolio over 80 startups recently filed bankruptcy after the newspaper deal, one of his biggest gambles, turned out to be a losing bet.

In spite of burning 30 million euros of his own money, which would qualify him as one of the biggest losers at the conference, Lund  was remarkably upbeat about his prospects for the future and shared some tremendous advice for anyone who dreams of becoming a successful entrepreneur.

I'm reposting on College Mogul because I feel what Lund has to say, from a position of failure, is so important that it holds the keys to succes and happiness. If I had to sum up in three bullet points, I would chose the following:

Be confident

Embrace Risk

Have Fun

A quick scan of Lund's blog shows that dealing with the ramifications of the bankruptcy have taken a great toll, but his speech at Le Web 2008 goes straight to the heart of the entrepreneurship process, the excitement and chance to make a real difference.

Lund, who said he took public transportation to deliver the talk because he could not afford a taxi, also said in spite of an economic downturn, the landscape for an entreprenuer is no better or worse than it ever was.  Plenty of companies fail even when markets are booming.  "If you're really an entrepreneur you love these times," Lund said.

(Watch The Video Below)

If you are involved in a project you really care about, seize the day. Now is your time!