This is something I've wondered about. With exceptions, entrepreneurship and risk taking in business is not generally something Norwegians are renown for. Whil

This is something I've wondered about. With exceptions, entrepreneurship and risk taking in business is not generally something Norwegians are renown for. While certainly a lot of it stems from a cultural heritage that still attaches a certain stigma to failure (bankruptcy, for instance, is a bigger deal than in the US). However, there's some chicken and egg going on in that the relatively small size of the investment capital pool means you end up with fewer chances at success. This in turn encourages caution, and so on. Nonetheless, I think Norway has a lot of potential in this regard. I also suspect things will improve over the next two decades, but can't really quantify that statement.