101StartUp

History

2013: Foundation of fund

In October, 2013 heads of TMT Investments fund set up one more venture fund - 101StartUp. In what a difference between two organizations and what it will be directed 101StartUp to - did the director of the company Mikhail Gurevich^[1] tell about it^[1].

The new company is not going to compete with TMT Investments. Unlike public TMT, 101StarUp - the closed company representing the interests of a limited circle of investors. It is extremely important to us to separate accurately "glade" 101StartUp and TMT Investments. Therefore strategy of the new company was developed so that there was no conflict of interest. Upon, 101StartUp - for much more risky investments with significantly big shares of ownership. In many respects those investment volume which will put 101StartUp the board of TMT would never allow. It where riskovanny. And, unlike TMT Investments, will pay more attention to the Russian market.

101startup - for very limited, approved with shareholders investments. It has no Bordeaux and any public procedures and restrictions. But it maloprozrachen for external people.

At the moment in the company it is attracted about the same investments how many and in the first round in TMT Investments. It does not make sense to call all investors, but Herman Kaplun, Alexander Morgulchik and Artem Inyutin consist in a share.

Initially we thought to create an incubator. But it is necessary to recognize that, in our opinion, for financial and justified model of an incubator the Russian market of startups is still extremely small. On our model left that for its implementation we needed at least 20 sowing startups each half a year within 2 years. Can you expect emergence in the closest 2 years of 200-300 qualitative and potentially successful startups? That it was possible to select the from them 80? (others should leave that the cost of an input did not read off scale...) I here do not see such digits in the long term yet.

Can you expect emergence in the closest 2 years of 200-300 qualitative and potentially successful startups?

As a result, we decided to reduce sharply number of the companies planned to investment, but it is essential to increase ownership shares in invested. To have a greater influence on their development. For the next half a year 5 projects are selected already. They will be at different stages of readiness and profitability. The first of them - Anews. We will announce the second project soon. A part from projects, as well as Anews, initsirovana us is the second difference from TMT where we invest only in external projects.

The strategy of an exit can be the most different. Somewhere there will be dividend history, and somewhere - sale. We see the task in gain or giving of a new impulse to portfolio assets. And the strong company received as a result can consider the most different formats of development. Concerning terms and a format of an exit we do not register any obligations. And TMT Investments can become interested. But TMT Investments will continue to look for interesting and perspective projects. However, they, unfortunately, so far are not enough in the market.

Notes