The level of Eastern European innovative startups has grown significantly over the last 10 years. Smaller sizes of domestic markets are forcing Eastern European startups to be focused on international expansion and wider markets. So the best projects have a priori higher requirements for critical issues and innovation, than on average in Silicon Valley. A small number of innovative startups in Eastern Europe is still a major problem, but we are facing an increase in the number of such projects in the last 2 years, so the situation is gradually improving. Welcome to Eastern Europe for a billion startup project!
Alexander Chachava, President of LETA Group, Managing partner at LETA Capital
The level of Eastern European innovative startups has grown significantly over the last 10 years. Smaller sizes of domestic markets are forcing Eastern European startups to be focused on international expansion and wider markets. So the best projects have a priori higher requirements for critical issues and innovation, than on average in Silicon Valley. A small number of innovative startups in Eastern Europe is still a major problem, but we are facing an increase in the number of such projects in the last 2 years, so the situation is gradually improving. Welcome to Eastern Europe for a billion startup project!