Europe is a global leader in tech innovation, yet many European startups are still wary of making a move to the U.S. market.
“Even in Europe, which produces some of the most interesting tech talent in the world, there is a lot of apprehension about doing business in the States,” says Peter Kadas, Founder and CEO of the startup accelerator, Traction Tribe. “People understand that the U.S. tech scene is its own world, and that’s intimidating.”
Companies like Traction Tribe are seeking to make this process easier, by using their experience in international business as a means of facilitating the transition.
Participants in Traction Tribes accelerator program benefit from the mentorship of over 40 internationally trained and diversely specialized experts, and can expect to receive seed-funding and a functional education in U.S. standard investment practice, finance and accounting law, and even business-oriented English vocabulary.
“At Traction Tribe, we bring a perspective that draws equally from our time as entrepreneurs and experience as funders. We recognize the very real difficulties of going from the European mindset and adapting to the idiosyncrasies of U.S. investment,” says Kadas, “With the right training and the right business model, we’ve seen that European tech companies can become players on the international level.”