If he has trouble figuring out where to put the money, my bank account is a good safe place.
It’s no secret that Russian investor Yuri Milner — whose Digital Sky Technologies has been one of the prime movers in pumping up the Silicon Valley venture scene over the past few years — has been looking to invest more money. The Muscovite billionaire has been putting the pieces into place over the past few months, holding talks with groups like Germany’s Samwer brothers about raising investment and last week freed himself up by stepping down from his job as chairman of Mail.ru.
So perhaps the news that DST is on the verge of launching a new $1 billion fund, reported by Bloomberg on Wednesday, was simply a matter of time.
The detail of how it is happening is fairly interesting:
DST has committed Facebook stock valued at $50 million to the fund, meaning limited partners get a chance to own the shares through their investment, according to…
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