Serial entrepreneur Sam Jean began his journey helping children and adults with mental health issues and addiction. Today, he simultaneously runs several startups and nonprofits in Miami, striving to make an impact.
As fears of recession grow, venture capitalists (VCs) are adjusting strategies and pushing their limits. More funds than ever claim they are looking to foreign-born founders as sound investments. What’s their reasoning?
Joe Duarte, a Portuguese-American entrepreneur with hearing loss, made it his life’s mission to empower those like him. Together with Joseph Lee, a former engineer at Samsung, he developed technology to make phone calls easier for deaf and hard-of-hearing people. During the pandemic, their app, called InnoCaption, saw a record 65 percent growth in active users.
Startups from Asia and Eastern Europe have been borrowing and successfully localizing ideas from their U.S. counterparts for years. In fact, there are advantages to being a “second mover”, says serial entrepreneur Michael Burtov. This strategy can be especially beneficial for startups founded by immigrants.