Skype Co-Founder Eyes Taiwanese Startups

24 Sep

Skype co-founder Geoffrey Prentice said Wednesday that he plans to find his next investment target in Taiwan.

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. Most of the young companie are based in Asia. Each company will receive between US$5 and US$250 million, according to Taiwan’s Central News Agency.

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.

At a press briefing, Prentice noted that Taiwan has a lot of “soft power.” Following 40 years of innovative work, the island’s startup industry has matured with the help of the government and the private sector, he said.

Prentice is known for his efforts in 2004 to create the current partnership between Skype and Taiwanese Web portal PChome Online Inc.

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