Starta is a New York-based acceleration program that aims to bring the eastern Europe technology into the US markets. The project has been initiated by Starta Capital VC Fund in the year 2015 and has been customized for the businesses in East Europe to get a foothold in the US territory. The company has another office in Moscow.
Starta is a reliable and robust digital currency platform for the investors. It is a joint venture between Cross Coin and Starta Accelerator which is working as a coin- backed investment solution for the startups. The project has covered 21 startups so far and is providing them with mentorship, training in addition to investment. Starta ICO was completed in July 2017. The STA coin is designed and developed by Cross Coin and is based on the Waves blockchain technology. It is accepting Bitcoins, Litecoin, Ethereum classic, and Waves.
The Starta ICO is different from the other cryptocurrencies. It is not offering a product or service for coins or currency. It rather is offering a new type of finance “Venture Capitalism” to the public asking them to join the V.C network at a low fee. When someone invests in the STA coins, they are investing in Cross Coin who in turn are investing in the Starta Capital. The latter reinvest the capital into the East European tech-based startup companies offering them training as well to market their products in the American marketplace of Silicon Valley.
Cross Coin, a Singapore based organization, acquired 33% of the Starta Accelerator 16/17 LLC portfolio batches 2 and 3 of companies which is valued at $ 3 billion USD. Starta ICO will be using $ 1.5 million to purchase stock worth $ 9,90,000 and keep the rest for future investments.
Starta launched Sputnik Space, a meeting place for the international startups, entrepreneurs, founders, investors etc. to accelerate and build a soft-landing space for the East Europe startups in USA. The space is available in three ways- a Virtual desk for $110 per month, Floating desk for $350 per month and Permanent desk for $500 per month.
Because of its unique algorithm, Starta is sure to attract investors in a big way. Political pressures and diplomatic relations could have a negative impact. Profits may not be seen in the initial few years. the investor interests may not be there as the project is focusing on the US market alone while leaving out Asia and Europe.
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