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AT THE BEGINNING OF START. HOW VENTURE INDUSTRY IS FORMED IN RUSSIA
“Somehow I was present at the discussion of one startup. The head at that moment was filled with problems of my own business, and I did not respond to the results of the presentation. As a result, my colleague, who invested $ 100,000 in this project, received almost $ 100 million at the output, ”Alexander Galitsky sighs with regret. It was one of those rare occasions when an IT guru let down his instincts.
Alexander – Sasha, as he is called in the community – Galitsky founded several IT companies. He managed to attract investment from Western venture capital funds, and then partially sell the business to industry leaders such as Sun Microsystems and Telenor. Continue reading
INFORMAL VENTURE CAPITAL MARKET: BUSINESS ANGELS
The informal venture capital market consists of private investors who invest their personal financial resources in new and growing small firms. They are called “informal investors”, or “business angels” (business angels).
Much less is known about this market than about the activities of venture funds. One of the significant differences between venture capital companies and business angels is that the former manage other people’s funds while the latter invest their own funds.
Most business angels are successful entrepreneurs who have significant experience in developing their own business. A smaller part are highly paid specialists in large companies, such as top managers, consultants, lawyers, etc. Continue reading
SUPPORT FOR PRIVATE INVESTMENT INFRASTRUCTURE
The current crisis has shown businesses and politicians that betting on speculative operations and inflating the market cannot be a long-term development strategy. The future of Ukrainian business in the transition to a post-industrial type economy, dominated by services, high technology and infrastructure. Such changes require a system of incentives for venture investments, which play an important role in ensuring the country’s competitiveness. It is no coincidence that states with a developed venture capital market (USA, Japan, Germany, UK) act as the largest exporters of high technology products. In these countries, a key role in the search and development of high-risk startups belongs to associations of private investors, the so-called business angels. If we evaluate the volumes of venture investments, then the investments of private investors there exceed the volumes of large institutional investors. Continue reading
