Last year, after more than a decade in Silicon Valley, Stacia Carr helped sell the company she was running and went looking for a change of pace. “The Bay Area is supersaturated,” she said. “It’s very expensive; it’s hypercompetitive.” After a friend connected her with Iñigo Amoribieta, a former chief executive of GrouponSpain, Carr and Amoribieta started talking about creating an online video business together that would be based in Madrid, his hometown.
