A new thesis for a new fund – The Path Forward – Medium

In 1865 mining engineer Fredrik Idestam established a groundwood pulp mill on the banks of the Tammerkoski rapids in the town of Tampere, in southwestern Finland. Close to plentiful supplies of renewable forests, the company also had easy seaborne access to burgeoning European markets and the rapidly expanding US of the'Gilded Age'. The appetite for paper and other pulp based products seemed set to anchor the company's raison d'etre. The company in question was Nokia, and through a variety of monumental twists and turns, a company set to lead an entirely different market over a century later. By the end of the 20th Century Nokia dominated the global market for mobile devices.