Amsterdam: $87b Booking $65b Adyen $16b Takeawayhttps://twitter.com/bgurley/status/1350869336978690049 …
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To be honest though: I assume one of the spin-off effects Gurley expects from 3 decacorns is early employees using their stock option returns to reinvest in the ecosystem. Which doesn’t happen in Amsterdam, because Dutch companies are stingy.
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Proposals for what the Netherlands could do to increase the number of (tech) startups often boil down to “more subsidies.” Instead, we should consider 3 systemic changes: ⁃ Incentivize stock compensation ⁃ Simplify corporate bankruptcy ⁃ Ban non-compete clauses
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Replying to @thijsniks
Banning non-compete has two sides though: if you own important IP you want that protection wherever you settle. In any case, you should check out the (options) Market Maket business,where A'dam completely dominates and similar issues are at play.good legal and tax infra seems key
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Replying to @vdmandele
Non-compete clauses increase the market power of large companies at the expense of new companies and employees. It’s one way for them to pay less salary. And tech, aerospace, and entertainment does very well without this kind of protectionism in California.
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Replying to @thijsniks @vdmandele
I know the trading sector is growing in Amsterdam, but it doesn’t seem to create an entrepreneurial culture and ecosystem.
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Replying to @thijsniks @vdmandele
If by “tax infra” you mean “tax haven,” I suppose that it works but is also a sign of weakness that we should fix over time. Strong countries don’t need to give money away.
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Replying to @thijsniks
Tax infra was meant in a broader sense, but close. And while I'm on your side ethically, I can't be anything but cynical. Dublin 'got' google, facebook etc HQ's not because of their cute accent or their beer. :'( . Housing market has been ridiculous there ever since
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I do think this is something to resolve at a European level, though those American HQs are mostly sales and support while their engineering is in London
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