Europe has over 200 accelerator programs, the vast majority of which are corporate or government-backed. Since these programs were created in 2011 and 2012, they have yielded thousands of accelerated startups, a small but growing number of which emerge as global success stories. Despite comparatively low success rates and very modest investor returns, these programs have been instrumental in connecting the fragmented European startup communities into the wider global technology ecosystem. With leading US investors like USV, YCombinator, and 500 startups engaging more and more with European teams, this SXSW session analyzed the benefits and risks of working with and investing in accelerated startups from Europe, as well as discuss the opportunities for experienced US founders and operators to benefit from the European tech boom.