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.
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.wikipedia.org/wiki/Yuri_Milner
[2] https://www.reuters.com/article/us-venture-milner-ycombinato...