Emigration of Russian programmers and entrepreneurs can stimulate US IT business

    The English-language publication The Street talked about how current economic difficulties in Russia can stimulate IT business in the United States. The Street writes that the “next Sergey Brin” is likely to be in the United States this year if he has not yet moved in 2014.

    As the publication notes, the main problem is not only more than 40% of the ruble devaluation, but also in an unstable political situation, in particular due to the situation in eastern Ukraine. Anton Gladkoborodov, one of the creators of the Coub service, told the publication that he could already name from five to eight companies relocated to the United States recently. This list includes not only the updated Hopes & Fears, but also the Luka restaurant recommendations service, which fell into the Y-Combinator acceleration program.

    Separately, Anton notes the fact that, until recently, Russian young companies could at least somehow attract Western funding, now it is practically impossible.

    Over the past year, many global companies with headquarters in the United States have hired Russians to work as employees, helping them obtain a visa by applying for an H1-B (work-professional visa). These include Google, Facebook, Apple and Microsoft, as well as Intel and Infosys. The publication cites the words of Scott Pursell, who works as a recruiting manager at Jobspring Partners, who stated that "the Russians are a valuable resource."

    Nina Zavrieva, founder of the Channelkit service, adds that "high-level Russian specialists receive offers that are comfortable in terms of terms and level of remuneration, feeling good in Silicon Valley."

    She also says that in a situation with fast-growing business, Russian funds cannot satisfy their appetite by offering investments that are uninteresting in terms of amounts and conditions. This makes many entrepreneurs look for ways to relocate to the United States with their product.

    Also popular now: