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March 14, 2007
Bootstrapping Dutch Founders
UK private company research firm, Library House, says that the Dutch are the "bootstrapping kings" of Europe. It came to the conclusion after analyzing the funding and HQ locations of Red Herrings latest Top 100 finalists.
A good example to back up that notion is TomTom, the GPS gadgetmaker, now worth a good €3.5B, which was evolved without the benefit of VC money.
Dutch tech company founders would have to be good at bootstrapping because the VC market in Benelux has been the last to emerge from the boom and bust and raise new funds. But recent news and deals from Prime Technology Ventuers, Big Bang, and Solid suggests there's some new money trickling into funds these days.
Read - The Bootstrapping Kings of Europe (library house blog)
Posted on March 14, 2007 08:50 AM | Posted to Being European | Permalink
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