Building and internationalising away from home The overwhelming majority of European founders are happy in Europe. It's often said that European founders 'all want to move to the Valley'. This is not what the data shows. Only 6% of Just 6% would choose to found and build their company in Silicon Valley European founders would choose to found and build their company in Silicon Valley if given the chance to start if given the chance to start over again. over again. If you were to start over, where would you I would stay where we are now 63.9% choose to found and build your company? A different European city 19.3% LEGEND % of founders Silicon Valley/Bay Area 6.2% Somewhere else (e.g. Asia) 3.7% Other (please specify) 3.6% A different US city (not Silicon Valley/Bay 3.0% Area) 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 % of respondents Note: Source: Founder respondents only Given that 28% of European founders are building their companies outside of their home countries, it’s clear that founders will move if Given that 28% of European founders are building their companies outside of their home country, it's clear that necessary to find the right location to build their company. But this is founders will move if necessary to ïnd the right location from which to build their company. But this is not not necessarily their first choice. The majority of founders choose to necessarily their ïrst choice. The majority of founders choose to build from exactly where they are or where they build exactly where they are or where they have an established network. have an established network. What was the most important consideration I was already living here 46.1% for you when choosing where to locate your company when you founded it? Strength of my personal network here 14.2% LEGEND Access to relevant talent 7.2% % of counders Strength of the local tech community 5.6% Access to customers 5.0% Friendly business environment 4.9% Access to investors (angels, VCs, etc) 4.5% Cost of talent 3.6% Other 2.7% Access to knowledge 2.3% Friendly regulatory environment 2.2% Cost of office space 1.1% 0.0 10.0 20.0 30.0 40.0 50.0 % of respondents Note: Source: Founder respondents only & 74 In Partnership with www.thestateofeuropeantech.com