A group of 15 Dutch Silicon Valley veterans have joined forces to help young Dutch tech start-ups by providing expertise and a capital of several hundred thousand euros per company.
Fifteen Dutch tech entrepreneurs with experience in Silicon Valley have started a new initiative to help young entrepreneurs with knowledge and capital. In this way they want to remove the most important bottleneck for the Dutch start-up scene: lack of start-up capital for new promising companies.
The group of veterans call themselves Operator Exchange, and a community rather than venture capital fund. They are entrepreneurs or have roots in Google, Facebook, Uber, Oracle and Apple and have already invested in four separate companies. Now they are going public to to attract more investors and start-ups, the Financiële Dagblad (fd) reported.
The founders say that theys see that in The Netherlands investors are tend to avoid risk and sometimes hesitate to invest their money and expertise in young companies.
[Source and read more in Dutch on fd]