Want China Times
Geoffrey Prentice, co-founder of the online phone and video chat service Skype, said
Wednesday that he expects to find his next investment target in Taiwan as he is now funding Asian startups with growth potential.
Prentice, a managing partner at Oriente Holdings in Hong Kong and former chief strategy officer at Skype, said that Oriente Holdings has agreed to invest in four startups mainly in Asia, putting US$5 million to US$250 million into each of them.
The next target will be a Taiwanese startup that will be selected in the next few days after evaluating the candidates’ operations, possible market reception and communication channels, said Prentice, who is in Taiwan for one week.
He is expected to visit several Taiwanese startups and four major local incubators, including AppWorks Ventures, Garage+, InnoSquare and Taiwan Startup Stadium (TSS).
Taiwan has a lot of soft power after 40 years of innovation and its startup industry has matured with the help of the government and the private sector, Prentice said at a press briefing. [FULL STORY]