Being Danish I remember that in the early days of Skype they made the rounds amongst Danish investors and VC's. There were no takers (with the notable exception

Being Danish I remember that in the early days of Skype they made the rounds amongst Danish investors and VC's. There were no takers (with the notable exception of Morten Lund who made a small investment and made a fortune from it). Nobody had any idea what the heck they were talking about, so they went abroad and got funding from more sophisticated and knowledgeable investors. I think a lot of the reasons can be found in that answer.