Zapatero's daughters earn €301,191.70 at their new company

€300,000 in startup capital: how Zapatero's daughters' company got off the ground

The daughters of a former Spanish Prime Minister setting up a company with over €300,000 in startup capital, landing contracts with half a dozen media outlets within months, and announcing international expansion is no isolated case: it is the playbook for 'entrepreneurship' with well-connected godfathers, according to the criticism the case has sparked.

The capital and the contracts in record time

According to a report by The Objective, the company struck deals with Huawei, Neox, El Español, La Razón, Público and El Plural, and is already eyeing Colombia. However, the corporate website offers more hype than substance, as some observers point out. The capital figure of €301,191.70 appears in the companies register, but the origin of the funds has not been publicly detailed.

Merit or connections? The debate over the case

Some argue that setting up a company with that kind of capital without prior experience is an example of shoestring entrepreneurship with good godfathers, while others see it as a legitimate business that leverages contacts, something common in the business world. The fact that Zapatero's daughters, with no known track record, have secured contracts and international expansion in record time fuels the suspicion that meritocracy is conspicuously absent.

For now, the business moves forward without offering many explanations. If the model works, others will trinc the same path: connections, capital and silence. If not, it will remain one more episode in the social engineering of the elite, in this case the pogre elite, which preaches equality while its offspring bill like consultants.