The Moscow Times
The only route to success for Russian technology firms is to launch an operation and find investors in U.S., an investment forum heard.
The venture capital market in the U.S. is mature, and investors have experience that Russia, whose investment institutions are relatively young, does not have, speakers at the SelectUSA Technology Investment Forum in Moscow said Thursday, though others pointed to a budding startup scene in the capital that is busy creating local expertise.
“If you are sitting in Silicon Valley, in New York, or Washington D.C., and you are a young entrepreneur, it is relatively easy to find ten people who had done [similar businesses to yours] before, who would want to help you,” said Evan Burfield, the cofounder of 1776, an incubator platform for startups based in Washington D.C.