Listed

Søren Gleie is the co-founder and CEO of Trophy Games, a publicly listed Danish game developer and serial acquirer on Nasdaq First North Growth Market. Starting the company over two decades ago from a rural student apartment by coding browser-based football management prototypes, Søren deliberately bypassed traditional venture capital.Instead of chasing ephemeral 10x three-year VC targets, he engineered a disciplined compounding engine that generated 30% to 40% annualized revenue growth, sustained profitability, and survived decades of platform shifts from desktop web to mobile.In this conversation, Søren dissects the operational realities of taking Trophy Games public at the absolute peak of the Nordic IPO bubble in spring 2021 - and how pricing conservatively at 5x sales rather than peer multiples of 10x allowed the company to survive the subsequent market contraction and 5x enterprise value over the following years.Søren also delivers a stark warning on European competitiveness, explaining how incoming EU regulations like the Digital Fairness Act risk driving digital businesses overseas, why Trophy Games resists migrating from First North to the regulated Main Market, and how retail investors were successfully mobilized into long-term community ambassadors.Presented by ⁠⁠Listed⁠⁠ Powered by ⁠⁠Reverion Capital⁠⁠Søren GleieTrophy Games: https://trophy-games.com/LinkedIn: https://www.linkedin.com/in/gleie/

Joakim Bruchmann is the co-founder and CEO of Pluto Markets, a modern, vertically integrated investment platform challenging the Nordic brokerage landscape. After beginning his career on the competitive commodity trading floor at Goldman Sachs in London - navigating physical metals and derivative volatility under intense pressure - Joakim returned to Denmark determined to build an enduring financial institution. Recognizing that the Nordics represent the most profitable retail brokerage market in the world, with incumbent banks generating upwards of 70% profit margins, he made the contrarian decision to reject third-party wrapper APIs and spend nearly four years engineering core banking infrastructure and securing full regulatory approvals from first principles.In this conversation, Joakim unpacks the realities of "regulatory capture," detailing how legacy banks leverage compliance complexity to entrench their moats against challengers. He dissects the fundamental structural flaws of the European financial architecture - from fragmented national exchanges and archaic T+2 settlement cycles to the fatal reality that Nordic pension funds allocate less than 0.5% of capital to venture innovation, leaving American capital to fund Europe's future winners. Presented by ⁠Listed⁠ Powered by ⁠Reverion Capital⁠Joakim BruchmannPluto Markets: https://plutomarkets.comLinkedIn: https://www.linkedin.com/in/joakim-bruchmann

Lars Tvede is a serial entrepreneur, investor, hedge fund manager and author of 17 books, including 2050. Drawing on decades of navigating technological waves and financial markets, he unpacks how artificial intelligence is rewriting the rules of capital allocation, operational leverage and global competitiveness. Lars explains why foundational AI models that merely sell tokens have virtually zero economic moat, why profit pools inevitably migrate downstream into domain-specific applications, and why the next 25 years will bring more technological transformation than the entire span from the Middle Ages to today.He pulls back the curtain on his own macro fund’s operating engine, where an autonomous multi-agent architecture synthesizes the real-time sentiment and asset allocation stances of the world’s top 50 investors to identify structural market inflections before price action occurs. Lars also confronts Europe’s fatal "risk of omission," contrasts Western regulatory fear with China’s relentless 85% tech optimism, and details "Anti-Brooks’ Law"—why autonomous AI tools allow agile 6-to-8-person teams to replace legacy 40-person corporate hierarchies.He closes by sharing the operational blueprint behind Project Y, an initiative to build a full-scale national media outlet with 22 people instead of 400, and why executive leadership must treat AI as a complete first-principles redesign of business models rather than an IT upgrade.Presented by Listed Powered by Reverion CapitalLars TvedeLinkedIn: https://www.linkedin.com/in/larstvede