London Daily

Focus on the big picture.
Tuesday, Nov 25, 2025

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

0:00
0:00
Close
UK Economy Stalls as Reeves Faces First Budget Test
UK Economy’s Weak Start Adds Pressure on Prime Minister Starmer
UK Government Acknowledges Billionaire Exodus Amid Tax Rise Concerns
UK Budget 2025: Markets Brace as Chancellor Faces Fiscal Tightrope
UK Unveils Strategic Plan to Secure Critical Mineral Supply Chains
UK Taskforce Calls for Radical Reset of Nuclear Regulation to Cut Costs and Accelerate Build
UK Government Launches Consultation on Major Overhaul of Settlement Rules
Google Struggles to Meet AI Demand as Infrastructure, Energy and Supply-Chain Gaps Deepen
Car Parts Leader Warns Europe Faces Heavy Job Losses in ‘Darwinian’ Auto Shake-Out
Arsenal Move Six Points Clear After Eze’s Historic Hat-Trick in Derby Rout
Wealthy New Yorkers Weigh Second Homes as the ‘Mamdani Effect’ Ripples Through Luxury Markets
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
UK Unveils Critical-Minerals Strategy to Break China Supply-Chain Grip
Taylor Swift’s “The Fate of Ophelia” Extends U.K. No. 1 Run to Five Weeks
UK VPN Sign-Ups Surge by Over 1,400 % as Age-Verification Law Takes Effect
Former MEP Nathan Gill Jailed for Over Ten Years After Taking Pro-Russia Bribes
Majority of UK Entrepreneurs Regard Government as ‘Anti-Business’, Survey Shows
UK’s Starmer and US President Trump Align as Geneva Talks Probe Ukraine Peace Plan
UK Prime Minister Signals Former Prince Andrew Should Testify to US Epstein Inquiry
Royal Navy Deploys HMS Severn to Shadow Russian Corvette and Tanker Off UK Coast
China’s Wedding Boom: Nightclubs, Mountains and a Demographic Reset
Fugees Founding Member Pras Michel Sentenced to 14 Years in High-Profile US Foreign Influence Case
WhatsApp’s Unexpected Rise Reshapes American Messaging Habits
United States: Judge Dressed Up as Elvis During Hearings – and Was Forced to Resign
Johnson Blasts ‘Incoherent’ Covid Inquiry Findings Amid Report’s Harsh Critique of His Government
Lord Rothermere Secures £500 Million Deal to Acquire Telegraph Titles
Maduro Tightens Security Measures as U.S. Strike Threat Intensifies
U.S. Envoys Deliver Ultimatum to Ukraine: Sign Peace Deal by Thursday or Risk Losing American Support
Zelenskyy Signals Progress Toward Ending the War: ‘One of the Hardest Moments in History’ (end of his business model?)
U.S. Issues Alert Declaring Venezuelan Airspace a Hazard Due to Escalating Security Conditions
The U.S. State Department Announces That Mass Migration Constitutes an Existential Threat to Western Civilization and Undermines the Stability of Key American Allies
Students Challenge AI-Driven Teaching at University of Staffordshire
Pikeville Medical Center Partners with UK’s Golisano Children’s Network to Expand Pediatric Care
Germany, France and UK Confirm Full Support for Ukraine in US-Backed Security Plan
UK Low-Traffic Neighbourhoods Face Rising Backlash as Pandemic Schemes Unravel
UK Records Coldest Night of Autumn as Sub-Zero Conditions Sweep the Country
UK at Risk of Losing International Doctors as Workforce Exodus Grows, Regulator Warns
ASU Launches ASU London, Extending Its Innovation Brand to the UK Education Market
UK Prime Minister Keir Starmer to Visit China in January as Diplomatic Reset Accelerates
Google Launches Voluntary Buyouts for UK Staff Amid AI-Driven Company Realignment
UK braces for freezing snap as snow and ice warnings escalate
Majority of UK Novelists Fear AI Could Displace Their Work, Cambridge Study Finds
UK's Carrier Strike Group Achieves Full Operational Capability During NATO Drill in Mediterranean
Trump and Mamdani to Meet at the White House: “The Communist Asked”
Nvidia Again Beats Forecasts, Shares Jump in After-Hours Trading
Wintry Conditions Persist Along UK Coasts After Up to Seven Centimetres of Snow
UK Inflation Eases to 3.6 % in October, Opening Door for Rate Cut
UK Accelerates Munitions Factory Build-Out to Reinforce Warfighting Readiness
UK Consumer Optimism Plunges Ahead of November Budget
A Decade of Innovation Stagnation at Apple: The Cook Era Critique
×