Russia’s DST creates ‘viable third exit option’
Russia’s Digital Sky Technologies Ltd., which has been lately making big investments in some of the more mature U.S. social networking startups, including Facebook Inc., Zynga Game Network Inc. and most recently social shopping site Groupon Inc., is providing a “viable third exit option outside of M&A and IPOs,” says Roland Reynolds, a principal of Industry Ventures, an investment firm that manages five secondary funds and a fund of funds with more than $450 million of institutional capital. “DST is great for the venture capital industry. We’re already seeing some of our funds exit through investments via partial liquidity with DST.” Watch the video below or download it on iTunes. — Mary Kathleen Flynn
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