3 ms·
In The Netherlands, our government reserved a special € 100 million for startups, because they are not eligible for the normal relief program because these star
by the-dude 7y ago
In The Netherlands, our government reserved a special € 100 million for startups, because they are not eligible for the normal relief program because these startups have no revenue and "their succes is measured differently".
In the grand scheme of things, € 100 million is peanuts of course. Still I found it baffling. I should also mention these are loans, but if the startups fail the government is still holding the bag.
- lowdose 7y agoThere is no default in the Netherlands, so the entrepreneur is always holding the bag.
- luckylion 7y agoThey do have limited liability companies, why would the owners be liable for loans to the company if the company goes bankrupt?
- stdbrouw 7y agoThere is. https://business.gov.nl/starting-your-business/choosing-a-business-structure/private-limited-company-in-the-netherlands/ https://business.gov.nl/starting-your-business/choosing-a-bu...