Pedal to the Metal? Accelerating the American Dream
Posted January 18, 2012 by Heidi Isern, Director Dealmaker Media

In high technology, the American Dream still holds true. Build a company, raise some cash, and exit with a few million in your pocket—all before you hit 30. Startups that don’t have US birthrights aim to at least take a holiday here in hopes they may meet the right people to launch them into success. However, how do 20-something tech geek CEOs in Albania find their way here?
Accelerators are the new Passport
Accelerators connecting Silicon Valley to other locations are popping up everywhere. Last year PwC announced a partnership with Plug and Play to launch a new accelerator in Luxembourg in efforts to build up a two-way bridge between Europe and Silicon Valley.
The German Silicon Valley Accelerator is launching this year and will bring six German companies to the Valley for three to six months.
Of course the American dream isn’t limited to California. New York’s thriving tech scene is another coveted destination. DreamIt Ventures is launching DreamIt Israel, to take five Isreali startups to New York City for three months and an demo event.
With all these pilgrimages to the US, will American VCs be overwhelmed with startup ambitions? Are new cross country accelerators just adding more pressure to the Series A crunch? Or are these bridge building accelerators positive things as they encourage inspiration, global relationships, and a way to keep tabs on worldwide innovation?



