In 2010, four students taking the minor Entrepreneurship of the University of Amsterdam were brought together to develop a business idea in the field of electronic invoicing. First, they were working on other business plans, but as these other business plans did not really work out, their supervisor convinced them to work as a team on a business idea that was left over from other students. From the very beginning of their collaboration, the four students believed in this business idea. Later that year the four students even decided to start their own business officially, based on this business idea, by registering SRXP (an abbreviation of “SecuReceipt”) with the Chamber of Commerce in Amsterdam. In 2011, there was a sales amount of €8 (eight euros) on the left side of their profit and loss statement. Now, in 2018, the firm’s sales level has reached its top so far, even more than 100% growth in sales in 2018 compared with 2017. However, only one of the four founders is still active in the company; the other three founders have left the company. This is the story of a very successful Dutch gazelle firm. The current major shareholder of SRXP, Pieter Verbruggen, one of the four original founders, has shared his story during five extensive discussions and a number of additional meetings.
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By Enno Masurel