Silicon Valley tries to disentangle itself from Russian money

Silicon Valley tries to disentangle itself from Russian money

2 years ago
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https://www.mercurynews.com/2022/03/15/silicon-valley-tries-to-disentangle-itself-from-russian-money/

By Ivan Levingston, Jackie Davalos and Sarah McBride | Bloomberg

Fort Ross Ventures looks like a typical venture capital firm. It was created about seven years ago in Silicon Valley with a focus on funding young companies. The founders named it after the first Russian settlement in the U.S., a nod to their heritage and to one of the firm’s largest backers, Moscow-based Sberbank PJSC.