From election interference to the reversal of reproductive rights to unresolved racial reckoning — not to speak of the ever-increasing menace of gun violence — the US has become a difficult place to defend.
In the past, the monetary upside of life in the tech industry in Silicon Valley was enough for most people to wave it all away. But the innovation scene around San Francisco isn’t what it was: in the face of mass layoffs and a deepening of the ecosystem’s seemingly unabashed bro culture, more and more tech professionals are looking east. Way, way east. Over-an-ocean east.
The most well-known is Instagram chief Adam Mosseri, who attempted a London relocation late last year. While he may not have lasted long, there are scores more Americans behind him. Ancestry-based passport applications have doubled since 2021, and a rash of stateside investors are now sniffing around Europe.
Right now, it makes more and more financial and professional sense to move to Europe if you’re a designer, engineer, or entrepreneur. Same goes for the small-fry angel, medium-sized family office, or big-deal VC. Europe is home to an increasing number of privately held companies with valuations over $1bn, not to mention the countless Fortune 1000s trying to keep up.