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Poison pill
Mar. 7th, 2022 12:10 pmFort Ross Ventures was launched in Silicon Valley more than seven years ago with the backing of the now-sanctioned Sberbank, Russia's oldest and largest financial institution.
As Russia faces growing worldwide condemnation of its assault on Ukraine, Fort Ross has to confront the possibility, no matter how low, that the firm's other Russia-based LPs, who are primarily tech entrepreneurs, could end up being sanctioned as well.
"Obviously we are not the only fund with Russian LPs. I don't want to name them, but I do know that many top-tier, very well branded VCs in the valley and also in Europe have Russian money," said Victor Orlovski, a general partner with Fort Ross.
А я всегда говорил, некоторые деньги немного более токсичны, чем другие, хехе
Это мне стартапно-инвесторский дайджест еженедельный пришел
Уж сколько их упало в эту бездну,
Разверзтую вдали!
Настанет день, когда и я исчезну
С поверхности земли.
As Russia faces growing worldwide condemnation of its assault on Ukraine, Fort Ross has to confront the possibility, no matter how low, that the firm's other Russia-based LPs, who are primarily tech entrepreneurs, could end up being sanctioned as well.
"Obviously we are not the only fund with Russian LPs. I don't want to name them, but I do know that many top-tier, very well branded VCs in the valley and also in Europe have Russian money," said Victor Orlovski, a general partner with Fort Ross.
А я всегда говорил, некоторые деньги немного более токсичны, чем другие, хехе
Это мне стартапно-инвесторский дайджест еженедельный пришел
Уж сколько их упало в эту бездну,
Разверзтую вдали!
Настанет день, когда и я исчезну
С поверхности земли.
