4 ms·

from what a few people posted in other threads, DST is basically a way for some shady russian outfits to launder money. That's the reason they don't mind overp

by vaksel 17y ago

from what a few people posted in other threads, DST is basically a way for some shady russian outfits to launder money. That's the reason they don't mind overpaying a lot for their investments Just read up on the guy who owns 32% of DST: http://en.wikipedia.org/wiki/Alisher_Usmanov#Legal_action_over_criminal_conviction_and_pardon http://en.wikipedia.org/wiki/Alisher_Usmanov#Legal_action_ov...

madrix 17y ago
I was about to say the exact same thing...
falsestprophet 17y ago
What evidence is there of this?
- vaksel 17y ago
  no idea, like I said I'm just reposting what others said, but you can just look at their investments, it's obviously they don't care about money since they consistently overpay by a huge number for their investments. No real investment fund that gets it's money from legit investors would consistently overpay...i.e. they "valued" facebook at 10 billion...at a time when facebook had problems raising funds at even a lower valuation. Why would you overpay when you don't have to?
  - huangm 17y ago
    'Overpaying' is just an opinion. Obviously we can only speculate, but many people scoffed at Google's share price at IPO - anyone who bought-in despite that now looks like a genius. Also, as outsiders, it's impossible to know enough about what the exact funding situation for Facebook looked like at the time to make conclusions about overpaying.
    - vaksel 17y ago
      Except Google had a good balance sheet/P&L...Facebook is barely profitable...and facebook has already reached it's peak.
      - frisco 17y ago
        > and facebook has already reached it's peak. That's a ridiculous statement. Like Facebook or not, they've attracted a world-class team, are growing increasingly fast, and have consistently innovated in ways the rest of the Valley hasn't seen coming. The announcements at f8 just a few days ago are a great example of this. Facebook may or may not become Google -- or even Microsoft -- sized, but their risk is almost entirely execution now (and they've continually proven they know how to execute).
- zackattack 17y ago
  None.
- mahmud 17y ago
  What? 60 years of anti-Soviet fear-mongering propaganda isn't good enough for you?
meterplech 17y ago
I think a better takeaway is that they are attacking a unique niche in Venture Capital. Allowing for people to cash out before IPO, as well as allowing those who understand the company to run it.

by vaksel 17y ago

madrix 17y ago

I was about to say the exact same thing...

falsestprophet 17y ago

What evidence is there of this?

vaksel 17y ago
no idea, like I said I'm just reposting what others said, but you can just look at their investments, it's obviously they don't care about money since they consistently overpay by a huge number for their investments. No real investment fund that gets it's money from legit investors would consistently overpay...i.e. they "valued" facebook at 10 billion...at a time when facebook had problems raising funds at even a lower valuation. Why would you overpay when you don't have to?
- huangm 17y ago
  'Overpaying' is just an opinion. Obviously we can only speculate, but many people scoffed at Google's share price at IPO - anyone who bought-in despite that now looks like a genius. Also, as outsiders, it's impossible to know enough about what the exact funding situation for Facebook looked like at the time to make conclusions about overpaying.
  - vaksel 17y ago
    Except Google had a good balance sheet/P&L...Facebook is barely profitable...and facebook has already reached it's peak.
    - frisco 17y ago
      > and facebook has already reached it's peak. That's a ridiculous statement. Like Facebook or not, they've attracted a world-class team, are growing increasingly fast, and have consistently innovated in ways the rest of the Valley hasn't seen coming. The announcements at f8 just a few days ago are a great example of this. Facebook may or may not become Google -- or even Microsoft -- sized, but their risk is almost entirely execution now (and they've continually proven they know how to execute).
zackattack 17y ago
None.
mahmud 17y ago
What? 60 years of anti-Soviet fear-mongering propaganda isn't good enough for you?

meterplech 17y ago

I think a better takeaway is that they are attacking a unique niche in Venture Capital. Allowing for people to cash out before IPO, as well as allowing those who understand the company to run it.