Is that scaled to cost of living?
However, I decided to go back to San Francisco. There is definitely much more interesting work in Silicon Valley, at least in my field. This may change over time but I am not holding my breath.
Very early stage startups might be able to move around Europe for a short period for cheap rents, you're going to be much less able to recruit staff (i.e. non-founders) to move from the West to Slovakia (as mentioned) to work for Slovakian wages.