05.3 Density, through Interconnected Tech Hubs The combination of an increase in competition for talent in established European tech hubs together with the increased attractiveness of a new generation of tech hubs across the region is helping to drive an increase in The combination of an increase in competition for talent in established European tech hubs together with the founders’ interest in opening satellite offices to tap new talent pools. 80% increased attactiveness of a new generation of tech hubs across the region is helping to drive an increase in of founders of companies with more than 100 employees state an increased founders' interest in opening satellite o�ces to tap new talent pools. 80% of founders of companies with more interest in pursuing this ‘distributed office’ strategy. than 100 employees state an increased interest in pursuing this distributed o�ce strategy Distribution of change in founder interest in opening satellite oíces to tap new talent <=10 pools by company size (past 12m) LEGEND Increase No change 11-100 Decrease 100+ 0 10 20 30 40 50 60 70 80 90 100 % of respondents Note: Respondents stating 'Not able to comment' �ltered out. Source: Founder respondents only. The principle of scaling a European tech company by building in a distributed way across multiple offices in different cities is firmly embedded. By the time The trend of scaling European tech companies by building in a distributed way across multiple o�ces in different European startups have hit 100 employees or more, more than half of them cities is �rmly embedded. By the time European startups have hit 100 employees or more, more than half of them have established a satellite office or team in another hub. have established a satellite o�ce/team in another hub. My company has established satellite oíces/teams in other hubs <=10 21% 79% LEGEND Yes No 11-100 33% 67% 100+ 58% 42% 0 10 20 30 40 50 60 70 80 90 100 % of respondents Note: Source: Founder respondents only. & 71 In Partnership with www.thestateofeuropeantech.com