Perhaps you remember the 1966 comedy film "The Russians Are Coming, The Russians Are Coming." Well, the Russians indeed are here, in Silicon Valley, seeking venture capital for high tech start-ups.
North San Jose has lots of buildings where start-ups have traditionally worked to expand and develop their ideas. Now, a lot of that activity is going on overseas, yet Silicon Valley venture capitalists are more than anxious to help fund them.
They paced nervously as they waited their turn. Many admitted the anticipation kept them up all night. They are entrepreneurs from Russia, Brazil, even Norway, vying to win a competition to get venture capital. It's not the quality of their English that counts. Brazil, Russia, India and China, known by the acronym "BRIC," are actively incubating start-ups and they need American seed money to grow. "I couldn't even imagine when we won the first round, that we would get so much exposure to real venture capitalists," Svetlana Velikanova told ABC7.
To read the full, original article click on this link: 'BRIC' start-ups vying for venture capital in Silicon Valley | abc7news.com
