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What the West needs to know about Russia’s tech scene

The Next Web

For many investors and entrepreneurs in the West, doing business in Russia can seem like a step into the unknown. With a little knowledge of some of the key cultural differences and unique properties of the local tech scene, Russia can easily become one of the most attractive tech markets in the world for investors. Russia in numbers.

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Looking Back On Tech, Startups, And VC In 2018

Haystack

More and more angels will be minted as the 2019 IPO class emerges. A concept discussed during that time was “ glasnost ,” a part of the new Russia’s restructuring to provide more openness and transparency in information. Russia has evolved in a different direction, with tight information controls and state-run media.

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Congratulations to Upwork

A Crowded Space

A huge congratulations to the entire Upwork team on a successful IPO! Early on, we would routinely get emails and chats from freelancers in Russia, Ukraine, India, Bangladesh, and the Philippines expressing tremendous thanks. I was fortunate enough to be on the founding team of oDesk (now Upwork).

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Are Facebook Investors Playing Russian Roulette?

crowdSPRING Blog

Although Facebook’s stock price has fallen well below its IPO price of $38 per share, many people agree that the stock is still significantly overpriced. For example, there are five major markets where Facebook is not the top social network : China, Russia, South Korea, Japan, and Vietnam.

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Startup = Growth

paulgraham.com

The reason is that they get paid by getting their capital back, ideally after the startup IPOs, or failing that when its acquired. 14 ] I once explained this to some founders who had recently arrived from Russia. In Russia they just kill you," they said, and they were only partly joking.

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The iconic VC-Backed founders are all White & Asian men. So why invest in diversity?

David Teten

based founders, 35 were white* American; four were white immigrant/first generation, from France, Ukraine, Russia and Iran; and four were Indian immigrant/first generation. Kauffman Fellows Report (2020): “Diverse Founding Teams generate higher median realized multiples (RMs) on Acquisitions and IPOs]. Of the 43 U.S.-based

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2013: The Year of Grit

Seeing Both Sides

And the so-called BRIC countries are forecasting tepid growth (we could rename them "ICK" if we added in Borat's home of Kazakhstan and dropped Brazil and Russia.). Meanwhile, in our little world of StartUp Land, things don't seem much brighter. What's an ambitious, hard-charging entrepreneur to do?