“Investors’ pragmatism is above politics”. Andrey Yuranov from RBF Ventures about toxic money and survival lessons.
RBF Ventures fund became the 1st state experiment in startup investment in Belarus. It’s a pilot project and so it’s been decided to do it in partnership with RVC (Russian Venture Company). Three years ago, the parties invested about $ 10 million each in the fund, and set about searching for promising companies. Three have been funded so far with Rocket Data from Belarus being one of them. In the next two years, the fund plans to invest up to $ 7 million in Belarusian startups, and the same amount in Russian ones.
Andrey Yuranov, a member of the RBF Ventures investment committee, told Startup Jedi which projects can raise fund investments, how founders can distinguish toxic money from safe money, and what an average startup should do to survive the crisis.
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