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June 7th, 2010
Eyeing Russia? Better Hire Body Guards
Abstract:
Russia is the sixth largest economy in the world, but it's also a country relatively untouched by foreign investors, especially investors in technology. Could Russia potentially be the home of the next massive tech boom?
The short answer is: No way. At least not anytime soon. That's the conclusion I've come to after a week in Moscow, a week in which I took part in the first ever delegation of US venture capital investors to visit Russia.
The organizers invited me as the sole member of the U.S. media. (Disclosure: My trip was organized by AmBar, a group of U.S.-based Russian professionals, and paid for by Rusnano, a government investment fund. In return, I promised to write an honest account of what I found.)
Source:
nytimes.com
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