Part 2/7:
The story begins with an entrepreneur who, despite having a bank account with zero funds, successfully founded a startup that eventually attracted venture capital investment. This investment valued his startup at an astonishing $100 million. However, the Norwegian tax system imposed a wealth tax of 1% on this paper valuation, leading the entrepreneur to face a $1 million tax bill even though he had no cash available to pay it. This paradoxical situation led him to leave Norway, a decision he made under duress rather than choice, in order to avoid bankruptcy due to crippling taxes.