London is too expensive. Low budget start-ups contribute to thriving tech industry, and London not only excludes them but is increasingly expensive. It's experiencing something similar to SF, from what I read about SF, a hollowing out of the middle class who want some quality of life but can't compete with the multi-millionaires. A European country with sun, sea, sandy beaches, mountains, lots of space (Spain, I'm looking at you) would be attractive if it went out of its way to encourage start-ups. It would have to highlight a multilingual location so that people can fumble through beginner Spanish confident with a fall back, but I for one would race over. More foreign entrepreneurs attracted, more local jobs created.