Kindling
M. Lindqvist
Authorised signatureThe cheque is signed

Writing
What we think,written down.
Memos we wrote to ourselves, essays for founders and the letter we send our investors once a year.
- Pieces6
- Kinds3
- A read4 min

Writing
What we think,written down.
Memos we wrote to ourselves, essays for founders and the letter we send our investors once a year.
- Pieces6
- Kinds3
- A read4 min

Writing
What we think,written down.
Memos we wrote to ourselves, essays for founders and the letter we send our investors once a year.
- Pieces6
- Kinds3
- A read4 min
All writing
Six pieces, written by the partners.
Memos are how we decide. Essays are what we have learned. The letter is what we tell our own investors.
Showing 06 of 06
MemoNewest · 01 / 06Mar 4, 20265 min readThe six-page memo
Why every investment we make starts as six pages of prose, and why the founder gets a copy.Read it
Essay02 / 06Feb 12, 20264 min readWhy fourteen days
A slow answer is not a careful one. How we spend the two weeks between a pitch and a term sheet.Read it
Essay03 / 06Jan 28, 20264 min readWhat a first cheque should cost
Our own numbers at pre-seed, seed and Series A, and the three terms that matter more than the stake.Read it
Letter04 / 06Jan 9, 20266 min readLetter to our investors, 2026
Eleven new companies, three exits and the two we got wrong.Read it
Essay05 / 06Dec 2, 20253 min readWhat we mean by «technical founder»
It is not a job title. It is having done the job your product replaces.Read it
Memo06 / 06Nov 11, 20253 min readNo warm intro needed
Most of our portfolio started as a cold e-mail. Here is what to put in yours.Read it
All writing
Six pieces, written by the partners.
Memos are how we decide. Essays are what we have learned. The letter is what we tell our own investors.
Showing 06 of 06
MemoNewest · 01 / 06Mar 4, 20265 min readThe six-page memo
Why every investment we make starts as six pages of prose, and why the founder gets a copy.Read it
Essay02 / 06Feb 12, 20264 min readWhy fourteen days
A slow answer is not a careful one. How we spend the two weeks between a pitch and a term sheet.Read it
Essay03 / 06Jan 28, 20264 min readWhat a first cheque should cost
Our own numbers at pre-seed, seed and Series A, and the three terms that matter more than the stake.Read it
Letter04 / 06Jan 9, 20266 min readLetter to our investors, 2026
Eleven new companies, three exits and the two we got wrong.Read it
Essay05 / 06Dec 2, 20253 min readWhat we mean by «technical founder»
It is not a job title. It is having done the job your product replaces.Read it
Memo06 / 06Nov 11, 20253 min readNo warm intro needed
Most of our portfolio started as a cold e-mail. Here is what to put in yours.Read it
All writing
Six pieces, written by the partners.
Memos are how we decide. Essays are what we have learned. The letter is what we tell our own investors.
Showing 06 of 06
MemoNewest · 01 / 06Mar 4, 20265 min readThe six-page memo
Why every investment we make starts as six pages of prose, and why the founder gets a copy.Read it
Essay02 / 06Feb 12, 20264 min readWhy fourteen days
A slow answer is not a careful one. How we spend the two weeks between a pitch and a term sheet.Read it
Essay03 / 06Jan 28, 20264 min readWhat a first cheque should cost
Our own numbers at pre-seed, seed and Series A, and the three terms that matter more than the stake.Read it
Letter04 / 06Jan 9, 20266 min readLetter to our investors, 2026
Eleven new companies, three exits and the two we got wrong.Read it
Essay05 / 06Dec 2, 20253 min readWhat we mean by «technical founder»
It is not a job title. It is having done the job your product replaces.Read it
Memo06 / 06Nov 11, 20253 min readNo warm intro needed
Most of our portfolio started as a cold e-mail. Here is what to put in yours.Read it