dst

  • How We All Missed Web 2.0's "Netscape Moment"

    How We All Missed Web 2.0's "Netscape Moment"

    (Editor’s note: This is the third installment in a series about the late stage, secondary investing craze sweeping the venture capital business. For the first two installments go here and here.) On May 26, 2009 Mike sat down with Yuri Milner, Mark Zuckerberg and a Flipcam to talk about the then-scandalous $200 million investment DST made in Facebook, at a price that valued the company… Read More

  • Chinese e-Commerce Site 360buy Grabs $1.5B From DST And Others

    Chinese e-Commerce Site 360buy Grabs $1.5B From DST And Others

    Yesterday we were hearing reports that global investing behemoth Digital Sky Technologies was setting up another fund, already investing in Groupon and Spotify’s $100 million round and sniffing around the “Amazon of China,” 360buy.com. Today the company has confirmed the reports to Reuters, revealing that the total amount of financing was an impressive 1.5 billion. Read More

  • DST Sets Up New Fund, Joins Huge Rounds For Spotify And China's 360buy: Reports

    DST Sets Up New Fund, Joins Huge Rounds For Spotify And China's 360buy: Reports

    According to Russian business newspaper Vedomosti (via Quintura), star investor Digital Sky Technologies has set up a new fund dubbed DST Global – 2. The fund has already made investments in Groupon (January 2011) and is close to investing $50 million in exchange for 5 percent of online music startup Spotify as part of a $100 million round, according to the paper. You may remember we… Read More

  • Is Late Stage the New Early? Behind the Staggering Return of the $1B Venture Fund

    Is Late Stage the New Early? Behind the Staggering Return of the $1B Venture Fund

    In Silicon Valley it’s not just who you invest in that matters– it’s also when you invest in them. The earlier the investment, the riskier the bet. But the more jawdropping the returns if the company hits it big. It’s so lopsided, that typically just 5% of those unsure early bets create some 95% of the entire venture industry’s returns. Miss one of them, and it… Read More

  • Big Appetite: Greylock Sends Entrepreneurs a Message with Expanded $1 Billion Fund

    Big Appetite: Greylock Sends Entrepreneurs a Message with Expanded $1 Billion Fund

    In case you missed it, being a super angel is officially passe. The new hotness is having a late-stage growth cash. Sequoia Capital is doing it. Andreessen Horowitz is doing it. Kleiner Perkins Caufield & Byers is doing it. Accel is doing it. Hell, even Chris Sacca is somehow doing it. Greylock is the latest to officially join the club, with news today of an expansion to its current… Read More

  • Michael Arrington Interviews Yuri Milner

    Arrington Ambush Interviews Crunchies VC Of The Year Yuri Milner

    Last night at the Crunchies, Yuri Milner of Digital Sky Technologies won the VC of the Year award (Fred Wilson of Union Square Ventures was a close runner-up). Milner has almost single-handedly created a new class of mezzanine venture capital, allowing companies like Facebook, Groupon, and Zynga to postpone IPOs while still getting a ton of liquidity and huge valuations. Before he could leave… Read More

  • Groupon Insiders Take $345 Million Off The Table In Latest Funding Round

    Groupon Insiders Take $345 Million Off The Table In Latest Funding Round

    As we first reported last night, Groupon has already closed $500 million of a whopping $950 million funding round. Now the SEC filing is out showing that the first sale occurred on December 17, and that there is still $450 million worth of securities available to be sold in the current round. The new round gives Groupon a valuation of $4.75 billion. We noted that most of the proceeds of… Read More

  • DST Partner: On A Path To Becoming A $1 Billion Company? Come Talk To Us

    DST Partner: On A Path To Becoming A $1 Billion Company? Come Talk To Us

    Le Web 10 host Loic Le Meur just finished his on-stage interview with Alexander Tamas, Partner at one of the most watched technology investment firms on the planet, DST / Mail.ru Group. That’s quite a presence you have: Groupon, Zynga, Facebook and … Twitter? Not Twitter (smiles). Read More

  • DST CEO Yuri Milner: Facebook Will Help Power Artificial Intelligence In Ten Years

    DST CEO Yuri Milner: Facebook Will Help Power Artificial Intelligence In Ten Years

    Today at the Web 2.0 summit, DST chief Yuri Milner took the stage with John Battelle, where he discussed the firm’s investment strategy (DST has taken major stakes in Facebook, Zynga, and Groupon). Milner was reserved with most of his answers, declining to discuss details on DST’s investments or what other companies it is eyeing, but he did have some interesting things to say… Read More

  • Facebook, Groupon And Zynga Investor Mail.ru (aka, DST) Shoots For $5.7B Valuation In IPO

    Facebook, Groupon And Zynga Investor Mail.ru (aka, DST) Shoots For $5.7B Valuation In IPO

    Mail.ru Group, formerly known as Digital Sky Technologies and notable investor in Internet sensations Facebook, Groupon and Zynga, among others, has filed for a $876 million IPO on the London Stock Exchange that would value the investment firm at up to $5.7 billion. That valuation is higher than expected (earlier reports predicted a $5 billion valuation). Read More

  • DST completes purchase of Odnoklassniki.ru, exits Nasza-Klasa.pl

    DST completes purchase of Odnoklassniki.ru, exits Nasza-Klasa.pl

    Internet investment group Digital Sky Technologies (DST) today formally announced the acquisition of Russian social network Odnoklassniki.ru, which we reported on last week. DST has bought out out the minority shareholders in Forticom Group Limited – which it now fully owns – and Odnoklassniki, and interestingly transferred its interest in the Polish social network Nasza-Klasa.pl… Read More

  • DST Tightens Its Grip On Russian Social Networking Scene Amidst IPO Plans

    Internet investment group Digital Sky Technologies (DST) today formally announced the acquisition of Russian social network Odnoklassniki.ru, which we reported on last week. DST has bought out out the minority shareholders in Forticom Group Limited – which it now fully owns – and Odnoklassniki, and interestingly transferred its interest in the Polish social network Nasza-Klasa.pl… Read More

  • DST buys Russian social network Odnoklassniki.ru

    DST buys Russian social network Odnoklassniki.ru

    The Internet investment group Digital Sky Technologies (DST) has acquired Odnoklassniki.ru, having previously owned an 80 percent interest in the Russian social network. The deal, reported to be valued between $14m and $28m, according to local newspaper Vedomosti, sees Odnoklassniki.ru founder, Albert Popkov, relinquish his remaining 20 per cent of the company. Popkov had raised several… Read More

  • Naspers Buys 28.7% Of Facebook, Zynga Investor And ICQ Owner DST

    Naspers Buys 28.7% Of Facebook, Zynga Investor And ICQ Owner DST

    A unit of international media group Naspers, namely its subsidiary Myriad International Holdings, is to buy a 28.7% stake in Digital Sky Technologies (DST), the Russian firm behind investments in notable Internet companies like Facebook, Groupon and Zynga. Naspers will be investing $388 million in cash, and contribute its 39.3% stake in Mail.ru into DST. Concurrently, Mail.ru management and… Read More

  • Goldman Sachs vet John Lindfors joins Digital Sky Technologies as partner

    Goldman Sachs vet John Lindfors joins Digital Sky Technologies as partner

    Global investment group Digital Sky Technologies (aka DST), who has famously invested in major Internet companies such as Facebook, Zynga and Groupon, has made another key hire. The latest finance whiz to join the Russian investment firm as partner is John Lindfors, who will start there next September. Read More

  • Facebook Investor DST Taps Another Senior Goldman Sachs Banker As Partner

    Global investment group Digital Sky Technologies (aka DST), who has famously invested in major Internet companies such as Facebook, Zynga and Groupon, has made another key hire. The latest finance whiz to join the Russian investment firm as partner is John Lindfors, who will start there next September. Read More

  • DST's Yuri Milner: Facebook Is Going To Be The Social Graph That Unifies All Civilization

    DST's Yuri Milner: Facebook Is Going To Be The Social Graph That Unifies All Civilization

    If you hadn’t heard of Russian Internet holding company Digital Sky Technologies one year ago, you probably weren’t alone. But last May —¬†almost exactly one year ago —¬†DST took the tech industry by storm with a $200 million investment in Facebook. It followed that up with a huge investment in Zynga, one in Groupon (and another in Facebook). Today at TechCrunch… Read More

  • AOL Sells Instant Messaging Service ICQ To DST For $187.5 Million

    AOL Sells Instant Messaging Service ICQ To DST For $187.5 Million

    It’s done. AOL has officially sold instant messaging service ICQ to Russian investor DST for $187.5 million. In a release, AOL CEO Tim Armstrong said “As AOL continues its turnaround effort, we’re fortunate to find a great home for ICQ with DST.” Rumors of ICQ’s possible sale were first reported last November. We’d heard speculation that Naspers was… Read More

  • Social games company Nival Network raises $7m from DST, 1C and Sergey Orlovskiy

    Social games company Nival Network raises $7m from DST, 1C and Sergey Orlovskiy

    [Russia] The Moscow-based social games company Nival Network, part of the Nival Group, has raised $7 million in new funding from DST, 1C Company and Nival Group founder & CEO Sergey Orlovskiy, according to a report (russian) in the Vedomosti newspaper. DST have invested $4 million for a 12.5% stake, with software vendor 1C (a previous investor) providing an additional $1 million and… Read More

  • Central European asset roll-up as Naspers looks to buy Forticom

    Central European asset roll-up as Naspers looks to buy Forticom

    It looks like some major consolidation is about to go down in the Central European Internet market, and in particular Poland. According to local newspaper reports, the largest Internet group in the region, Naspers/MIH Group, is conducting due diligence of assets belonging to DST (Digital Sky Technology)-owned holding Forticom. Naspers/MIH Group and DST already together own the largest… Read More