For years, international founders invested heavily in U.S. expansion. Now, New York, one of their top destinations, has been hit hard in the pandemic. How is the city’s global startup ecosystem dealing with the challenges?
U.S. tech companies founded by Belarusians have long been a source of pride for Europe’s last dictator Alexander Lukashenko. Now, as entrepreneurs are challenging his 26-year-old rule, they are feeling the same pressure as everyone else. Silicon Valley startups have also taken a hit.
The COVID-19 pandemic has influenced the traditional ways in which businesses raise investment and acquire new clients. Although tech savvy founders are likely to have adjusted quickly, online communication isn’t always easy. How can you make the most of this time?
The pandemic eliminated 36 percent of immigrant small-business owners, according to reports. Although the Paycheck Protection Program supported some entrepreneurs, most said their experience has been nothing but frustrating.
In the pre-COVID-19 era, a common sound at a Mumbai Starbucks was a loud American accent. U.S. citizens with Indian backgrounds are returning to their motherland, and technological prowess is moving back with them.
Last year, serial entrepreneur Boris Moyston launched a new conference, Black Men Talk Tech, focused on the contribution of people of color in the innovation economy. He is now looking to bring the event to Europe and Africa.
While discovering the New York music scene, Tomas Uribe, a composer and bass player from Colombia, realized that something was missing. He decided to create a tool for artists searching for new opportunities. Today, his platform, Stereotheque, has users from 277 cities and 38 countries.
Colombian-born entrepreneur Rosario Casas launched a free-of-charge support program for her compatriots in the U.S. to help them move their businesses online.
In the midst of the pandemic, many foreign entrepreneurs have been experiencing visa application delays. The situation is improving, but the U.S. approach to immigration could become far more punitive.
Feargal O’Sullivan runs an outsourcing sales firm focused on international fintech startups. Early this year, his company, USAM Group, hit the five-year mark. Since launching, O’Sullivan has matched hundreds of US financial institutions with dozens of new tech solutions.