Along with the Dutch West India Company (WIC/GWIC), the VOC became seen as the international arm of the Dutch Republic and the symbolic power of the Dutch Empire.
To further its trade routes, the VOC-funded exploratory voyages such as those led by Willem Janszoon (Duyfken), Henry Hudson (Halve Maen) and Abel Tasman who revealed largely unknown landmasses to the western world. 1570s–1670s), VOC navigators and cartographers helped shape geographical knowledge of the modern world as we know them today.
With its pioneering institutional innovations and powerful roles in world history, the company is considered by many to be the first major modern global corporation, In 1619 it forcibly established a central position in the Indonesian city of Jayakarta, changing the name to Batavia (modern-day Jakarta).
Over the next two centuries the Company acquired additional ports as trading bases and safeguarded their interests by taking over surrounding territory.
The VOC was an early multinational corporation in its modern sense.
The VOC was the first company in history to issue bonds and shares of stock to the general public, The VOC was influential in the rise of corporate-led globalization in the early modern period.
The Portuguese Empire therefore became an appropriate target for Dutch military incursions.
These factors motivated Dutch merchants to enter the intercontinental spice trade themselves.
Investment in these expeditions was a very high-risk venture, not only because of the usual dangers of piracy, disease and shipwreck, but also because the interplay of inelastic demand and relatively elastic supply of spices could make prices tumble at just the wrong moment, thereby ruining prospects of profitability.
Houtman's expedition then sailed east along the north coast of Java, losing twelve crew to a Javanese attack at Sidayu and killing a local ruler in Madura.
Half the crew were lost before the expedition made it back to the Netherlands the following year, but with enough spices to make a considerable profit.
The name ‘Dutch East India Company’ is used to make a distinction with the [British] East India Company (EIC) and other East Indian companies (such as the Danish East India Company, French East India Company, Portuguese East India Company, and the Swedish East India Company).
Other names that have been used include the United East India Company, the United East Indian Company, the United East Indies Company or the Dutch East Indies Company'.