DST’s Milner: Founders’ Exit Is Cue For Investors’ Exit - Venture Capital Dispatch
Russian investor Yuri Milner — whose firm has invested in fast-growing start ups like Facebook Inc. — said Wednesday that a good cue to exit investments is when the company’s founders start to exit. Reuters “The most relevant criteria is when the founder of the business starts selling,” Milner, who is founding partner and chief executive of Digital Sky Technologies, told the Abu Dhabi Media Summit. DST hasn’t yet exited any of the companies it has invested in, which also include online gaming site Zynga Inc. and local deals company Groupon Inc. “At least you should wait until the companies go public,” Milner said, when asked at what point investors should start thinking of an exit. “We’re very much aligned with the founders–if they really start exiting the business…I think that’s when we should start selling as well,” Milner said.
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