Agree 100%. I basically see all really good engineers either flying out to SF or working from home while being employed by a SF company. Mainly because of the complete lack of appreciation (in hard cash) by companies here. I myself are working for Norwegian company from Amsterdam.
Something to add as well: failure is accepted in the Valley. It's part of the way to success. In the Netherlands you will get BURNED for life. First of all, failing the company and being stuck with personal debt? The only way to get rid of it is to go into 'schuldhulpverlening' (debt helping something), which will mean you will have to live of 30 euro's a week for three years and can't get any bank loans in the first five years after it. Second, an entrepreneur that went bankrupt will have a stain on himself forever, both with banks, as well as investors.
Then there is the complete difference in how investors work between the Valley and Netherlands. When my previous employer was raising money (the company was about 10 persons in size) the only way to get money out of Dutch investors was to replace the management team, whereas they eventually raised 5M in SF. No business plan or no experienced CEO? There is the door. Seed money? There are a few funds that provide it but it's hard to get around to it.
Something to add as well: failure is accepted in the Valley. It's part of the way to success. In the Netherlands you will get BURNED for life. First of all, failing the company and being stuck with personal debt? The only way to get rid of it is to go into 'schuldhulpverlening' (debt helping something), which will mean you will have to live of 30 euro's a week for three years and can't get any bank loans in the first five years after it. Second, an entrepreneur that went bankrupt will have a stain on himself forever, both with banks, as well as investors.
Then there is the complete difference in how investors work between the Valley and Netherlands. When my previous employer was raising money (the company was about 10 persons in size) the only way to get money out of Dutch investors was to replace the management team, whereas they eventually raised 5M in SF. No business plan or no experienced CEO? There is the door. Seed money? There are a few funds that provide it but it's hard to get around to it.