On 19 January 2017, the Princip.al team organized New Year's Drinks for a select group of investors in Sint-Genesius-Rode, close to Brussels. In 2017, Princip.al will continue connecting family offices and private investors with each other. We are committed to introducing them to quality entrepreneurs who are seeking capital, thus creating a win-win situation. Happy New Year!
It's becoming a time-honoured tradition. I used to do it. My kids do it.
While parents sip on rosé wine on the beach of Knokke Le Zoute, their children are setting up shop for the summer.
Their misson: to learn the essentials of trade in home made paper flowers using 'couteau' shells for currency. Basically, they're putting their parents at work creating and repairing the paper flowers, set up a small shop next to where the parents are sitting and trade away, using a specific type of shell as currency. These shells can also be found at the beach, washed up by the flood each day. For reference, a flower can fetch between 10 and 80 shells, depending on it's size, prettiness and the gullibility of the buyer.
Some valuable business lessons learnt:
As intermediators between family offices and investors, we often get asked whether we seek to replace the role of banks.
It's not an illogical question, given the rise of various Fintech startup's which challenge the banks in various business models.
Some examples of well-known challenger companies: