VC Fund Dossiers

DST Global is the ultimate 'money talks, ego walks' fund - they write massive checks and then get out of your way. Milner's hands-off philosophy of giving founders voting control was revolutionary and still sets them apart from control-freak VCs. They're conviction investors who bet big on late-stage winners rather than diversifying across dozens of startups. The Russian connection controversy has largely blown over since Milner renounced his citizenship and the fund proved its independence. Saurabh Gupta is now the day-to-day face of the fund and knows how to pick category-defining companies. If you're a late-stage company with proven traction, DST can write checks that change your trajectory overnight.