I agree with your observation. From my observation Dutch startups live by the motto “steady wins the race” and to a larger extent I think it speaks to the risk

I agree with your observation. From my observation Dutch startups live by the motto “steady wins the race” and to a larger extent I think it speaks to the risk aversion ingrained in their culture - both in their startup and VC mentalities. They would rather bootstrap and grow with stability then pull a softbank and use/give massive capital injections in the hopes of getting market efficient domination.