If you have a need to buy a IndiaBased Series DST Global, you should be aware that there are a lot of choices available. But not all of them are equally good. For this reason, you should be certain to make an educated choice before purchasing one. This article will help you by providing some information about this product. You will learn about its main features, how it works, its contact information, and its location.
Venture Capital Fund Based
IndiaBased Series DST Global is a venture capital fund based in Hong Kong, New York, Beijing, and Menlo Park. Its portfolio includes some of the world’s most valuable companies. Founded by Yuri Milner, a former Russia’s deputy minister, the firm has grown to manage over $50 billion.
Backed Startups in France
In addition to its investments in IndiaBased Series DST Global has backed startups in France, South Korea, Indonesia, and the US. These include Ofo, Didi, Weee!, Robinhood, Nubank, and Revolut. The group has been criticized for taking funds from Russian entities and associations with Jared Kushner.
Vaughn Smith
According to Vaughn Smith, a former Facebook VP of corporate development, the DST’s investment in the social network was made because the firm wanted to secure a controlling interest in the company. Unlike traditional VCs, which tend to be more flexible when it comes to valuation, DST is more fixed on its position.
Charismatic
Founder Yuri Milner is a taciturn and not particularly charismatic. His work ethic is similar to that of Tiger Global, but he still has a lot of energy at 60. A big part of what attracts tech entrepreneurs to DST is the fact that it’s on their side.
Yuri Milner and the DST Global Fund
DST Global is an international venture capital firm that invests in late-stage Internet companies globally. Its offices are located in Hong Kong, London, and Silicon Valley. The firm has estimated $50 billion in assets under management.
Its founder is Yuri Milner, a former Soviet student who graduated from Moscow State University in 1985. He went on to study at the World Bank and later worked at the Wharton School of Business. Milner has been an Israeli citizen since 1999. He moved his family to Israel in 2005. Despite his age, Milner has the energy of a young man, and he remains in the thick of things.
In 2009, DST made a bet on Facebook. Its investment allowed the company to recruit Mark Pincus, CEO of Zynga. DST also got a seat on the company’s board of directors. Zuckerberg wanted more control over the company, and DST helped him achieve this. However, there was a downside.
High-Profile Internet Startups
One of the major criticisms of the DST fund has been its association with Jared Kushner, who owns a number of high-profile Internet startups, including Twitter and Facebook. While he has a significant investment in DST, Kushner has also been accused of taking money from Russia. This is especially true in light of the Russian-Ukrainian war and the Crimean peninsula’s subsequent annexation by Russia.
DST Global Appears
Although DST Global appears to be a traditional VC, it eschews pure-play enterprise SaaS, favoring instead to invest in companies that offer analogous products across continents. To illustrate this, it’s worth considering the fund’s recent investments in Manna, a hyper-grocery delivery service, and Gorillas, a hyper-market startup.
For DST, the key is spotting opportunities early. In addition to Manna, Gorillas, and others, the firm has backed DoorDash, Weee!, and Instacart. Those investments have shown that DST is capable of predicting trends and picking winners.
Extensive Experience
Yuri Milner has the unique ability to connect with founders. He was one of the first Soviet students to study in the United States, and he’s had extensive experience in operating. Whether he’s able to find the next Zuckberg is another question, but he’s got a lot of magic with tech companies.
DST has invested in Indonesia’s Gojek, China’s Nice Tuan, France’s Gorillas, and South Korea’s Market Kurly. There’s also a portfolio of companies in India and Brazil.
Final Thoughts:
Although the DST Global fund has a track record of investing in winning companies, it has also been cast in a negative light by critics who believe it’s a Kremlin-connected entity. Nonetheless, there are plenty of entrepreneurs who find that DST is a good investment partner. Many of its hires are equity research specialists, who provide coverage of emerging trends. Moreover, its senior investors can spend time on less proven ideas.
Although the firm has been criticized for its involvement with Jared Kushner, its focus on late-stage Internet companies makes it a versatile capital partner. And its ability to predict trends makes it a good pick for those who want to pounce on speculative plays.
