Yuri Milner, the founder of DST (Digital SKy Technologies), one of the most interesting types of investors that recently came to the US, is now explaining why he invests in companies like Facebook, Zinga and Groupon at sky-high valuations.
“Why Facebook? It was the most fascinating company we had ever met.”
Milner’s saying he wants to invest in companies with significant traction and revenue, helping them delay a bit their IPO to focus better on their product prior to a public offering, that will then significantly change the company.
Best quote on entrepreneurs he cooperates with: “I’m not influencing them, I’m mostly getting influenced by them”. He just got my respect for that.