There will be no social turn as JeanLouis Borloo wishedAnd 2 of GDP according to the 6 institutesThese figures will appear clearly in the budgetNor let speculation grow without any riskThat of peripheral States reached the summits last weekBut a purely Malthusian policy has never created value in the long termThe prospects look better at European levelSocrates in the Meno queries a young slaveEurope out of the larger bubble of credit historyThe tax expense in the PLF 2011 thus stood at EUR 2Yuri Milner leads the Mail.ru Group (formerly DST to Digital Sky Technologies), which holds particular main Russian portal, Mail.ru, and Vkontakte, a social network. Is shown, recently becoming one of the first Facebook shareholders and by investing in companies in high growth as the Publisher of Zynga social games. Investment Fund have nearly a billion dollars for the next five years. And Yuri Milner has just put 16 of the capital of his group to the London Stock Exchange.
You have introduced your company on the stock market a week ago. Are you satisfied with its first not markets
Yes, the title has been oversubscribed more than 20 times and the action won about $ 10 in a week. If investors are happy, I'm happy!
What was the goal of this SOP
He was able to reward some investors, who are with us for five to ten years to fund new acquisitions in Russia, but also to promote shareholding employees. At the same time, we increased our participation in the Russian social network Vkontakte. It was a transaction-oriented Russia, essentially.
But do you not think that the markets want to indirectly invest in Facebook and that the IPO has benefited from this association with Facebook
I don't know, but if you look at the introduction prospectus, we especially emphasized our Russian activities, not on Facebook.
Your strategy stands today in the world of investment since you rely on well established companies, already based on success of hearing, and not on a start-up. Are you not afraid to miss the future stars
This is inevitable, as the investors market is more competitive. We build on companies which have international designs and that all the guarantees of success, companies that rely on databases of important clients but who continue to be beautiful growth.
Your name is associated with the social Internet. You don't have an investment project in other areas
The social dimension is everywhere. This is the trend that will invade the Net in the next ten to fifteen years, which will disrupt all economic models, including in areas that have nothing to do with this social dimension a priori. The man is a social animal, everything is done is influenced by our relationships.
Facebook, Zynga, Groupon... You are present in all the big companies that have emerged with this phenomenon. Lack you than Twitter. Are you ready just an interest in this company, is that based
There are approximately 50 companies, in this sector, which seems interesting. On these 50, half is already listed. There are 25...
How much of the capital of Facebook do you have today Your goal is to get more capital il
A little less than 10. We had first invested around 2 and we increased our participation in the as, by buying back shares. Today, our position we are satisfied. We have other priorities and many other companies which invest.
You've never required to sit on the board of the companies in which you invest. Could you make an exception for Facebook
No, it is a principle. On the one hand, we trust in the entrepreneurs in place. And Facebook proved that his model was strong. On the other hand, avoids conflicts of interest. Many technology companies could compete with Facebook. We do not find in sensitive positions.
You have also invested in Groupon, a site that allows consumers to regroup and get promotions to traders. The company is experiencing strong growth, how do you see its development in the coming years
GroupOn realized an old dream: we want all pay cheaper products and weigh. GroupOn permits this. They found the magic formula, that many have long sought by offering a small number of offers in the same place, involving small traders, that there are an alternative to promotion on Google. And the key is that they have been able to combine local mesh international development since the bids relate today 20 countries.
You attended the Monaco Media Forum. Is media a sector in which you invest
No, we are in a transitional phase in this sector. The models are very uncertain. On the one hand, traditional media, the other actors, such as Demand Media that produce content in the application. The question is how many people are actually interested in the traditional mode of production media: 1, 10, 50 This will change many things.
