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Kremlin Cash Behind Yuri Milner’s Twitter and Facebook Investments

nytimes.com

11–20 of 204 posts

Re: Kremlin Cash Behind Yuri Milner’s Twitter and Facebook Investments

#11

Holy crap. DST Global and its affiliates have (or had in formative years) significant stakes in Facebook, Twitter, Spotify, ZocDoc, Planet Lab, Xiaomi, Stripe, Alibaba, WhatsApp and Airbnb [1]. Milner has close ties to Y Combinator [2]. It's been a deal-terms setting, behind-the-kimono peeking major investor for a decade. This is immensely scary. We've utterly failed, as an industry, to self regulate. [1] https://en.…

Why is this surprising? When Milner came virtually out of the blue (or red, as the case may be) a few years ago, it seemed obvious that he was a conduit/laundry for oligarch cash at least. I even remember telling someone at the time that if we were chosen for YC, we didn't want Milner's dirty money. The additional Kremlin state ties seem only an additional technicality. (I mean the formalized acknowledgement of what…

> The additional Kremlin state ties seem only an additional technicality

The line between investing for potentially-corrupt interests and acting at the behest of a geopolitical competitor is night and day. DST didn't just hand cash over to companies. They conducted extensive diligence and sat on Boards.

Re: Kremlin Cash Behind Yuri Milner’s Twitter and Facebook Investments

#12

Maybe rename topic, but also lets think of happier days in 2011: https://news.ycombinator.com/item?id=2154706 :P

How would you rename it? YCombinator money is from Putin (via oligarchs)? Also, why are you wanting to remember happier times?

When Russian adventurism was a blip on the American radar, the '08 Russo-Georgian War aside.

Re: Kremlin Cash Behind Yuri Milner’s Twitter and Facebook Investments

#13

Earlier quoted context omitted.

Why is this surprising? When Milner came virtually out of the blue (or red, as the case may be) a few years ago, it seemed obvious that he was a conduit/laundry for oligarch cash at least. I even remember telling someone at the time that if we were chosen for YC, we didn't want Milner's dirty money. The additional Kremlin state ties seem only an additional technicality. (I mean the formalized acknowledgement of what…

> The additional Kremlin state ties seem only an additional technicality The line between investing for potentially-corrupt interests and acting at the behest of a geopolitical competitor is night and day. DST didn't just hand cash over to companies. They conducted extensive diligence and sat on Boards.

Maybe that wasn't good phrasing. I'm trying to say that I never saw the division between those corrupt interests and the nation state they belonged to. I always felt they were acting in their national interests.

What will be interesting here is how fast it falls off HN.

Re: Kremlin Cash Behind Yuri Milner’s Twitter and Facebook Investments

#14

If you haven't read Bill Browder's Red Notice, read it now. Wow. Wow. Just wow. YCombinator is in the Kremlin's pocket. Wow. I fully expect this to be downvoted to oblivion. But wow. In essence, Putin used Browder's investigations of Gazprom and other oligarch-controlled Russian businesses (huge national orgs that were privatized after the collapse of the Soviet Union) to jail the richest man in Russia, effectively m…

I was under the impression that Milner was above board BECAUSE he had ties to American companies. Crazy.

Re: Kremlin Cash Behind Yuri Milner’s Twitter and Facebook Investments

#17
Quick, investigate pg for Russia collusion LOL.

But seriously, let's put these reactions in perspective. Supposs the same was revealed the other way, about a US company having ties to the US government investing in Russian technology. We wouldn't bat an eye. This hysteria about Russian collusion makes us waste our energy and attention which is necessary to pay attention to the real issues (which I list below.)

I am not surprised that a Russian billionaire has ties to Putin, or invested in US companies. His company has since sold his stake and moved on, and nothing scary happened.

Compared to what the USA does on a regular basis, Russia is a pretty good actor when it comes to external dealings.

What's much more worrying is internal Russia policies. I personally know some people who started VKontakte (the Russian facebooj). They all sold their stake or were later pressured to do so by the Russian government after refusing to cooperate with the equivalent of the FBI's NSL + gag orders. and of course the Mail.ru conglomerate wanted to take it over. Not easy to maitain a business in Russia.

(Note: the US has just as much spying and NSL+gag orders but far, far greater freedom of speech and property protections so we don't feel it as much.)

But outside? Look US firms regularly make investments in companies around the world. The actual influence comes not from investment but from things like:

The CIA approaching VK founder and developers hoping to install backdoors in Telegram

Microsoft Windows new versions phoning home or cooperating with the CIA. There is a reason many nations including Russia have built and are now promoting ther own operating systems instead of Windows.

It's just so sloppy to talk about "ties" to something. The hysteria cheapens the impact ahen something real happens. Like backdoors and hacking.

Re: Kremlin Cash Behind Yuri Milner’s Twitter and Facebook Investments

#18
post #17

Quick, investigate pg for Russia collusion LOL. But seriously, let's put these reactions in perspective. Supposs the same was revealed the other way, about a US company having ties to the US government investing in Russian technology. We wouldn't bat an eye. This hysteria about Russian collusion makes us waste our energy and attention which is necessary to pay attention to the real issues (which I list below.) I am n…

> Compared to what the USA does on a regular basis, Russia is a pretty good actor when it comes to external dealings

It has been a while since the United States forcibly annexed another country's territory [1].

In any case, this argument is irrelevant. Irrespective of whether Russia is a "good actor" or not, they are a geopolitical competitor who surreptitiously exercised control over, or at least non-public purview into, sensitive American companies.

[1] https://en.wikipedia.org/wiki/United_States_territorial_acqu...

Re: Kremlin Cash Behind Yuri Milner’s Twitter and Facebook Investments

#19
I don't really get the hysteria.

I work for an American company in San Francisco that has Tencent (practically an arm of the Chinese government) as a major investor. The number of times our CEO came in and told me that we need to implement features that benefit our geopolitical competitor is exactly zero.

What precisely do all the commenters that are panicking here think happens at companies where the investors are people who became rich with the help of the governments of Russia and China?

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