Prince Andrew, the Duke of York, recently faced a setback in his business endeavors just a month after securing a promising deal with a Dutch firm. The deal was intended to leverage his connections from the Pitch@Palace initiative, offering him a substantial payout. However, sources close to the startup revealed that despite Andrew joining the team, no agreements have been finalized, and no transactions have occurred.
The Duke’s partnership with Startupbootcamp was a significant move as it marked his first known work since stepping down as a working member of the Firm in 2020. The agreement entailed Andrew receiving a share of each deal made by Startupbootcamp across global territories. Kauan von Novack, the CEO of Startupbootcamp, expressed optimism about the collaboration, emphasizing the value of the network built through Pitch@Palace.
Despite the initial anticipation surrounding the business venture, there has been no public statement from Andrew regarding the progress or challenges faced. In the background, Andrew has been striving to maintain his residence at the Royal Lodge, especially after facing eviction threats due to his brother King Charles’s plans to downsize him into a smaller property.
Late last year, Andrew narrowly avoided eviction by securing a mysterious financial backer at the eleventh hour, allowing him to stay at the Royal Lodge. The potential earnings from the Startupbootcamp deal were seen as a financial lifeline for Andrew, offering a much-needed financial boost. However, with the current uncertainty surrounding the deal’s progress, Andrew’s financial situation remains precarious.
In a bid to save money, Andrew has taken up household chores at the Royal Lodge, highlighting the financial challenges he has been facing. The recent developments with the stalled business deal have added to the uncertainties surrounding Andrew’s financial stability and future prospects. As the situation unfolds, the Duke of York finds himself navigating through a complex web of financial and personal challenges, striving to secure his place amidst ongoing uncertainties.