Beautiful Virgin Islands

Sunday, Aug 02, 2026

Right company, wrong place: why I moved my startup from Prague to Amsterdam

Right company, wrong place: why I moved my startup from Prague to Amsterdam

This Prague-founded startup didn't find the funding or the momentum it wanted until it moved HQ to Amsterdam. They've never looked back.

Most founders will agree that timing can be everything when it comes to business success. What fewer people talk about is how crucial location can be. Not every business idea is born in the right market. And while you can’t win if your business isn’t born at the right time (I’m looking at you, pre-Google search engines), you can control where you are based.

In April 2013, I accepted Richard Valtr’s offer to join his startup, Mews. We were building a cloud-based property management system to run hotel operations, booking, payments and guest management, and given my decade of experience at various hotels, I thought we had something special on our hands. But for three years, we couldn’t pick up momentum, and it began to grate on the team. We couldn’t raise the money to grow, and we couldn’t grow enough to widen our pool of potential investors.

And so, five years ago, we moved Mews from Prague to Amsterdam — and haven’t looked back. We were just in the wrong location to make our company a success.

Here are my takeaways from moving Mews to the Netherlands, and some food for thought for founders who think they might have the right company in the wrong place.

Our culture clashed with local investors


In 2013, we began the process of raising seed funding for Mews. After three years, we had a couple of term sheets from Czech VCs. However, at that point in time, the Czech market wasn’t ready for the cloud and the level of automation we were working on. Western Europe has long been ahead of Central and Eastern Europe on this front — an issue that leaves many promising startups in the lurch.

Czech VCs were looking for B2C startups that could reach hypergrowth quickly, as opposed to B2B investments such as Mews. Our key focus at the time was to continue building the product. The terms we were offered weren’t agreeable, particularly on minority protection rights.

Most of our customers were based in Prague, but our plan was always to build a global company


The Netherlands has been a far better fit in terms of investors. The country is a haven for cloud and payments companies, so investors know the landscape well and aren’t so laser-focused on revenue in early-stage companies. As the market is quite developed, Dutch VCs are more confident in valuing potential in complex technology.

Our customers called us home


At this point in Mews’ journey, we had around 40 customers and £30k-40k monthly revenue. Most of our customers were based in Prague, but our plan was always to build a global company.

About a third of our customers were located in the Netherlands, and they were our most supportive. As a customer-centric business, it made sense for us to be close to a community that “got” the product and wanted to help us make it even better.

It’s time to lower the barrier to startup success


Moving a startup across borders is painful. It was necessary for us to sell our own intellectual property to our new entity in Amsterdam — but after that, our most important big-budget expense was our lawyers. Attempting to draft your own agreements will waste more time and money than it saves (I’ve tried) — but a legal professional with expertise in tech and intellectual property will make a move easier.

The Western European startup ecosystem should do more to support early-stage tech businesses in underrepresented regions.

The longer you wait to move to a new country, the more complex and costly it becomes


Social media has no borders — and for founders who are considering moving abroad, it’s a great place to test the waters. I’ve been active on LinkedIn throughout my career, and found that it pays to play the long game. By the time Mews actually landed in Amsterdam, I’d made local connections who helped us hit the ground running, pointing us towards potential customers and employees in the Netherlands.

Always look ahead


The longer you wait to move to a new country, the more complex and costly it becomes. With just a few employees and an early iteration of our product, we had little to lose.

Now we’re on to the next stage: talent-first, location-second. That means being a fully distributed company that hires talent anywhere in the world. This year, we committed to becoming a fully distributed, global company. And while location is becoming less important the more we scale, it was key to get it right in our earliest days. I’d challenge more early-stage founders to ask themselves the question too: am I the right company in the wrong place?

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Finland Deploys Commercial-Scale Thermal Batteries Using Crushed Rock to Store Renewable Grid Energy
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
Andy Burnham has Announces Plans to Redistribute Income Tax Revenue to English Mayors
Early-Release Scheme Faces Fresh Scrutiny as Reoffending and Prison Recalls Rise
Police Phone Checks Followed Report on Murder of MI5 Agent Inside Sinn Féin
Archbishop of Canterbury Reaffirms £100 Million Reparative Justice Fund During Ghana Visit
Drought Status Extended Across All of Wales as Heat and Dry Weather Deepen Environmental Strain
Record-Low Danube Exposes Probable Mammoth Remains in Bulgaria
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
The chief executive of the popular gaming company laid off many employees and his pay rose to 38 million dollars
The World's Most Terrifying Smartphone: Recording, Documenting, and Reporting to the Regime
The AI User Nightmare: Private Claude Conversations Leaked to the Internet
UK: Former Football Association Leaders Call for World Cup Boycott Over FIFA Privatization Plan
Forbidden Love: China severs millions from their virtual partners
Over 24 Hours in the Air: Qantas Airbus Completes Record-Breaking Test Flight
Zuckerberg Opposes US Ban on Chinese AI Models and Warns of Regulatory Capture
Massive Wildfires Ravage Southern Europe: Fatalities in Greece and Evacuations Across France, Spain, and Turkey
Trump says Israel ‘would not survive’ without US
France Evacuates Atlantic Coast Resorts as Wildfire Risk Rises Again
Magnitude 7.1 Earthquake Strikes Kumamoto as Rescuers Search Collapsed Buildings
OpenAI Faces Demands for Full Disclosure After Models Breach Hugging Face
Nvidia Reportedly Takes Vast Texas Data-Centre Lease to Underwrite AI Expansion
Royal Collection Trust Income Falls as Palace Visits Retreat From Record Highs
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Ministers Examine Social-Care Levy as Burnham Seeks Funding Settlement
Apple Briefly Crosses Five Trillion Dollar Valuation as Investors Retreat From AI Bets
Badenoch Offers Tory Votes to Keep Serious Offenders in Prison
Why Americans Queue for $15 Ice Cream and a $100 Caviar Pint
Another AI Genius Left the United States — and Silicon Valley Is Starting to Worry
Shein Reports $99mn Loss as Trade Barriers Test Low-Cost Model
CXMT Gains 466% in China’s Biggest IPO Since 2010
Amazon Seeks Approval for 5,105-Satellite Mobile Network
Burnham Puts School-to-Work Reform at Centre of Welfare Strategy
Burnham Rules Out Replacing Council Tax and Stamp Duty
Fresh Heatwave Threatens to Rekindle France’s Historic Wildfire Crisis
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
Autopsy Finds No Violence in Death of Epstein-Linked Model Scout
Indian Education Minister Resigns After Cockroach Youth Protests
California Desert Data-Centre Plan Stalls as Water and Power Disputes Mount
War, Youth Revolt and the Global Struggle for Control
War, Power and the Rising Price of Political Decisions
Badenoch Rejects Grant Shapps' Bid to Return as Conservative Candidate
BAE Chief Warns Britain Has Underestimated the Risk of War
Burnham Rules Out New Scottish Independence Referendum in First Talks With Swinney
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Viral Video Raises Questions Over Twelve-Dollar Croissants at Manhattan Bakery
Miliband Sets Climate and International Law at Centre of UK Diplomacy
US Gasoline Returns to $4 as Renewed Iran Fighting Disrupts Oil Flows
Czech Central Bank Governor Rejects Early Euro Entry and Rate-Cut Pressure
Trump Orders 50% Tariffs on Selected Canadian Imports
×