Word: amsterdam
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...surprisingly, given all this, VCs are finding it almost impossible to raise new money. And that means "a lot of new companies are having trouble getting funded," says Dick Rempt, who, with Heise co-founded SecondWind Venture Capital Recovery in Amsterdam. "Venture capital is really crucial to innovation, so it is in the interest not only of the venture capitalists and their investors but also of the tech sector as a whole that this be resolved...
...Borgdorff, managing partner of fund investments at Amsterdam's NIB Capital Private Equity, which has j11.5 billion to invest in private equity partnerships, says bringing in outside business people to salvage portfolios is part of a general restructuring of the VC industry in Europe. "Venture capital needs to rethink its business model," Borgdorff says. Smaller VC firms are already testing new models. London's Ariadne Capital, for example, acts as a sales agent for its companies, taking a slice of the revenues as they are created, rather than waiting for an exit strategy - like an initial public offering...
...appears set to merge Buzz and Basiq Air, its Amsterdam-based budget brand, in order to cut costs and streamline management. In retrospect, British Airways' exit from the low-cost business last year - when it sold Go to venture capital firm 3i for 3158 million, only to see Go be sold again to easyJet for almost four times the price - looks short-sighted indeed...
...more interested in tinkering in his father's machine shop in Amsterdam than in listening to teachers, so he dropped out of school at age 14 and never went back. Kok eventually landed a job at Dutch electronics giant Philips, but he dropped out of that too when the bosses wouldn't listen to his idea for a cheaper way to make compact discs...
...open-source operating system Linux. "Never mind the rights of consumers." The ability to transfer a CD from your stereo to your PC or to copy a newspaper article for private use "is a matter that concerns us all," says copyright expert P. Bernt Hugenholtz of the University of Amsterdam. "Such freedoms are - or should be - inherent qualities of any information product." Johansen agrees, which is why he felt justified in playing DVDs on his PC. The industry thinks the potential cost of such freedom is too high, but the cost of stifling it may be higher. "Many - even most...