Starting in the summer of 2009, Russian holding firm Digital Sky Technologies (DST) began taking huge stakes in successful American startups.
First it plowed $200 million into Facebook at a $10 billion valuation. Then it dropped $180 million into Farmville-maker Zynga, setting its value between $1.5 billion and $3 billion. Finally, last week, DST invested $135 million in discounts-for-group-buyers site Groupon, setting a $1.2 billion valuation.
So what the hell is going on, right?
It's all part of DST CEO (and billionaire) Yuri Milner's clever strategy that's changing the way tech companies grow up.
To read the full, original article click on this link: How A Russian Billionaire Is Changing The Way Startups Grow Up
Author: Nicholas Carlson
