Venture capital done Russian-style | Russia Beyond The Headlines

Venture capital done Russian-style | Russia Beyond The Headlines:

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Igor Agamirzian: "Almost all leading venture capital funds today are showing interest in Russia."
Source: ITAR-TASS

Russia Beyond the Headlines: How would you describe the venture capital market in Russia? What changes have occurred in the last 10 years?
Igor Agamirzian: Ten years ago, this market simply did not exist. After perestroika, we saw only a few isolated transactions. However, at the beginning of the new millennium, the first foreign funds started coming to Russia and, later, private investment companies appeared. They were the first to invest in some of the projects that are being talked about today.
A classic example of a Russian venture project is Yandex. However, the active growth of the market started only two or two and a half years ago, and, in terms of the availability of venture capital and the number of transactions, the last two years saw growth rates of more than 100 percent."

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