I remain an advisor to the Fund and wish them well. I fought to raise the same fund for 18 months with people who knew what they were doing - we failed. The fact that they are succeeding means that they are doing something better than we did. Notwithstanding I believe that making money is going to be a long haul.
Udachi.
Technorati Tags: Russia, Venture Capital
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I have no idea what's going on in Russia, who is investing in what, where the entrepreneurs hang and what's gonna happen over the next few years.
Absolutno bez poniatya. But I would so much love to find out. Thanks for blogging Alistair. It seems your blog really is one of a kind.
You had written a post earlier, wondering whether your investment focus towards Russia is the right thing and perhaps, the DFJ deal is a one more encouraging data point...of course...not to overlook Esther Dyson's $10,000 bet that "By 2012, the Wall Street Journal and the New York Times will have referred to Russia as "the world leader in software development" or words to that effect" ;) (longbets.org)
Udachi indeed. What all of you guys are doing is like Shackleton sort of exploration. As far as I know, Russia didn't even have a venture capital industry 5 years ago. Good on you for breaking new ground. May the venture gods bless you with great dealflow!
Again, thanks for posting. If there is any info, however trivial, to do with Russian entrepreneurship, please don't hesitate to post...I think it's fair to say there is an information vacuum between Russia and the rest of the world, which is not good for anybody.
[P.S. Comments are a good change]
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