Who is at risk with money in Russia

The story I Pavel Cherkashin Age: 37 years Date of birth: Moscow Company: Microsoft Rus type: investment people like Pavel Cherkashin, called business angels: they invest more in the idea stage, even when the legal person can not be. But the amounts are small. Thus, the entrepreneur said that he had never invested in a project more than $ 200 thousand when he officially takes the post of general manager of consumer strategy and online services of the Russian office Microsoft. "I have almost all his life engaged in business, but then began to work in large companies and was somehow missed by start-ups - shares their experiences Pavel Cherkashin. - At the same time appealed to me from time to time with his friends ideas, and free resources that could be invested, also existed. And as the startups I understand better than, for example, stock market, then, in general, it all came naturally. " At the operational management of their projects, a top manager of Microsoft's not enough time, however, it is a good thing. Its role is limited to providing money and advice. Pavel Cherkashin has invested in a considerable number of projects. But because of "soaring" refers to two. First, Internet TV TVigle. It all started with an idea, which came to him an old friend of Yegor Yakovlev, who now heads the company and asked for his support. Partners jointly invest about $ 400 thousand, and then attracted venture capital fund «Allianz Rosno Asset Management", retaining a majority stake. The Fund has invested in the project is approximately $ 8 million in 2007-2008, and in the spring of 2010, the estimated cost of all TVigle already at $ 45 million, according to unofficial information. The second project - Krible.ru - is a system of active sales on the Internet, through which the sales manager can find your potential clients on hundreds of partner sites to offer their services and communicate with text messages such as ICQ. "Interestingly enough, in my opinion, a model of sales, - says Pavel Cherkashin. - I invested in this project, other investors have not yet caught. " Approached him, basically, an acquaintance. But many people come through social networks - primarily the "My Circle". Plus, Paul has recently started performing at events like the Russian Internet Forum. Now a top manager at Microsoft is an investor in a dozen projects in the field of online services, mobile applications, games and social media content production a new type. "Some developed successfully (example - TVigle), - he says. - Other - fighting for their place in the sun or die to be reborn in another capacity. " History II, Boris Satovsky Age: 47 years Date of birth: Ekaterinburg Company "Russian Navigation Technologies" Type: digital cartography Grandpa Boris Satovskogo was the chief designer of the plant "Uralmash", the inventor of the walking excavator, twice winner of the Stalin Prize. In the family archives still keep a copy of the certificate of copyright. The grandson had made known, being able to make a fortune with its own intelligence and talent. MIPT graduate created the company "Russian Navigation Technologies", is engaged in the production, development and implementation of monitoring and control of transport "AutoTracker" technology-based GPS / GLONASS. Experts call the project a model in terms of the business plan. PHT increased and reached the calculated results for the estimated time, increase traffic to the business plan was 10%. Manufactured product is 25-27% of the market navigation systems. "Even competitors acknowledge our technology leadership in this area - with satisfaction, Boris tells Satovsky. - In addition, the company is thriving, annually adding 50% to revenue. " A specialist in aerospace distribution began at the Institute for Space Research, where he was technical tasks associated with the automatic interplanetary stations. But I wanted more initiative, decent wages. New place of work was the joint Russian-British venture, which, like thousands of others in the early 1990s, engaged in the import of personal computers in Russia. Older friend and business partner was the Englishman Michael Hutchison. With him, Boris Satovsky in 1992 created the "Ruslan Kommunikeyshnz" - now one of the leading Russian companies in the field of corporate information systems. She became an incubator for the navigation of the product. In 2002, on the basis of promising developments "Ruslan" first began work on the creation of navigation equipment and software "AutoTracker." Several prototypes have shown efficiency concept. Joined the project team of associates who are invited Satovsky, after which the draft was released on a commercial basis. "We have invested their time, enthusiasm and effort into this project, it is growing, but slowly, - said Boris Satovsky. - Customer base was formed, was sold about a thousand units. This is the moment when the amount was to go to quality. It took a professional venture capital investors. " PHT immediately received a positive response, because the sale was exhibited no clear idea, and the idea that a commercially justified at the first customer. "We did not have anyone to argue that this is a viable commercialized product, he sold himself, there was in its final form - explains Boris Satovsky. - If you have a good product, you need to do? Share this market. How? Through advertising, through the development of dealer network, through representation, through marketing. This is all very expensive thing. A small company, which consisted at the time of 10-20 people, at their own expense was not able to do it. " In 2008 the company became interested in "VTB - Venture Fund", which acquired 30.7% stake for 170 million rubles. A July 7, 2010 the company held IPO, placing innovation at the MICEX site 18% of the shares. On November 1, its market capitalization was 1.4 billion rubles-lei - seven times more revenue under IFRS in 2009 (210 million rubles fields). NAV VC doubled. History III Andrew Tulupov Age: na Date of Birth: na Company: "Seismic-shelf" Type: Exploration in 1995 at Amsterdam's airport to board the plane Amsterdam - London Andrew Tulupov sat with his wife and 11-year-old son. A graduate of the Physics Department of Moscow State University was returning home, having worked under contract with the Institute of Plasma Physics. Could stay in the Netherlands or to accept the offer of other European institutions, but did not stay, did not take, took his family and went to Moscow. Andrew says that one reason was the return of the 11-year-old son, who had to teach more seriously. Did not like him, the hereditary scientific worker, is not very tight system of school education in Europe, aimed at applied skills rather than basic knowledge. Andrew began with what he knew best. Gathered with his friends, created the engineering firm, began to carry out orders. Then he became interested in the business idea and put their own money into a new project - the production of this fruit drink. Unlike other manufacturers who buy abroad concentrate, dilute it with water and poured into the box, Andrew Tulupov proposed market a natural product derived from the berries, sugar and water and poured into a glass container. "The technology was unique - he recalls. - We are not boiled juice, and used the author's method of extraction pulsation. It turned out 50 thousand bottles per month. First, it is not enough to take a serious gap in the market, and secondly, to devote himself to Morse, I did not want to. " Andrew took up his new projects. Experience of the business is very useful. Another was the production of drugs for health, powder coating of metal products, assembly of geophysical instruments to search for ore deposits, primarily gold. But most of them he played as a professional fund-raising, trying not to get involved in operational management. However, one of its current projects, also from geophysics and marine oil and gas exploration, Andrew manages itself. The project - geoelectrical. Hydrocarbons, or more precisely, oil and gas, have a higher resistance than most of the surrounding rocks. So it is possible to detect their presence in the subsoil. In a sense, the latter two projects are linked. In particular, it follows the seismic geoelectrical, determining what is in the tank, found, perhaps by seismic surveys. "For a multi-component seismic hydrocarbon cost billions - says Andrey Tulupov. - What is the oil exploration on land? Drilled test wells. It costs $ 1-2 million, but the oil there can not be. Of the ten wells are six dry. However, such losses on the scale of the oil industry is relatively small. But if all this is happening under the water? There between man and machine can be hundreds of meters or even kilometers of water. This is fundamentally different equipment and technologies, each exploratory well costs are often already in the hundreds of millions of dollars. And confidence is still no. Imagine the scale of the error. And then we say: do not drill! If the thickly sown search area by seismic stations, which can describe a virtual slice of the earth's crust, the effectiveness of this would be tantamount to drilling. First, you can find field and, secondly, delineate it. " In a short time there the company and complex test stations. But, to proceed to sea experimental work, requiring investment. It is estimated that for the first phase - 300 million rubles. The next step - an expert evaluation of the project. Investors have found in «Allianz-Rosno Asset Management," fund manager "New Technologies", created with the participation of the RVC. Investments totaled 150 million rubles. The second investor was to become one of the structures of "Gazprom". But there swayed slowly, and only recently has the situation changed. History IV Sergey Dmitriev Age: 59 Born: Moscow The company: "Fiber-optic technology - Capital" Type: production 32 years ago a young professional Sergey Dmitriev came to work for the new Soviet industrial area - fiber optics. Since then, all his undertakings associated with the prospects of using optical fibers. In the years that the Union had designs for the "defense" in the restructuring - the data line and the organization of Internet access. "My colleagues and I were able to with a minimal investment to create a network that covers more than 2 million apartments", - says Sergey Dmitriev history of the company "Multiregion", which in July this year, sold to MTS for $ 218 million According to him, future trends related to the application sector using fiber optics, including the creation of sensors. Sergey Dmitriev was the three investor-oriented projects in various areas of application. One of the companies will manufacture sensors for power industry. "The current and voltage in the line is still measured in transformers that are built into the network. In the event of an accident is break the network, for example, in 2005 at the substation on the street in Moscow was burned Chagin just measuring transformer built into the network, - says Sergey Dmitriev. - Our sensor based on fiber optics allows a contactless method to measure the current and voltage without compromising the integrity of the network. " While such devices are manufactured by only one Canadian company, and then based on the Russian optical fiber, which is produced by the Institute of Radio Engineering and Electronics, experimental batches of several kilometers per year. Enough for several hundred sensors. Sergey Dmitriev plans to establish manufacturing and fibers, and sensors. In a Canadian company, there was reason to worry: not for the fact that the fiber will be delivered to them after the opening of the Russian proizodstva. Manufacturing company "Profatek" will start in late 2011 in the suburbs, and 3-4, the plant plans to produce 2-3 thousand units a year. While the sensors are collected at the Institute and are 600-700 thousand rubles. Through collaboration with the "Rosnano" in the project managed to attract a group of "Onexim" allocated funding for research activities. "The fiber, which is now available abroad - the first generation. Sensor readings based on it are very dependent on temperature, we have to pay much attention to the heat setting - explains Sergey Dmitriev. - We managed to solve the problem: a second-generation fiber. The basis of our certified device is precisely this development. Moreover, work has begun on the creation of third-generation fibers with nanoscale quartz ribs inside the bearing quartz envelope, on which "suspended" the core of the fiber. The advantage of the development - the lack of sensitivity to the diameter of the cable winding. We obtain a highly sensitive sensor. " "RUSNANO" owns 45% stake in the project, the rest - the company "Onexim BOT Capital" (30% of the latter company owned by Sergey Dmitriev). Project Budget - 1.33 billion. History of Alexander V Bryzgalov Age: na Date of Birth: na Company: "Vector growth" type: investment graduate of Chelyabinsk "Polytechnic University" to apply their engineering capabilities at a defense plant for a long time it was not necessary. Already in 1988 he organized the first co-op rental movies - a very high demand business at the time. A bit later engaged in film distribution business and even bought the "Mosfilm" right to a new comedy by Alla Surikov. Already in 1990, engaging in trade, Alexander Bryzgalov first brought to Russia President dairy products and many other French delicacies that greatly expanded the horizons of culinary ideas Russians. Moreover, all had to make from scratch, including the creation of software to automate their activities, and even publish a professional journal "Proviant" for wholesale and retail trade throughout the country. But in 2005 he decided to sell all of its trading business. Said goodbye to the staff and went to look for new, interesting direction for themselves. So in his life appeared venture capital investment - the industry at that time in Russia in its infancy. Alexander came to the matter thoroughly: he received a second degree in "Innovation and investment" in the Russian Civil Service Academy under the Russian president, but for the experience went into the company "Finam", immediately became the leader of innovative projects. Confronted with the problem - look for the most interesting Russian start-ups and attract venture capital investment in them. "We worked in projects as members of the board of directors. "Runner", "Mamba" and others are still leaders in their segments ", - says Alexander. On one of his projects seamlessly transition occurred in the area of ​​their own business venture: Alexander Bryzgalov project of mobile advertising has very much liked personally, but "Finam" did not include it in your venture holding company. Then he agreed with the shareholders and joined the team. It was a company "Gigafon": the idea that at the time of the call appears on the smartphone screen advertising message corresponding to the interests of the person with the age. "It was difficult. Two and a half years ago on the topic of mobile advertising contemplated only in theory. Shareholders do not have any experience of venture financing, but demanded immediate results. However, the project was successfully sold to large investors from the Asian region ", - summed up Alexander Bryzgalov. Another project - "Geolayf" - associated with the navigation services, has proved less successful. A strategic investor with the beginning of the crisis has ceased to fund the project and the partners were forced to sell to another investor. However, the entrepreneur is already felt in venture investments with confidence. There appeared RVC, and Alexander Bryzgalov a fund "Vector growth." In his experience, the fate of the project is determined during the first year. If moving on thoughtful "vector", "growing" - its funding continues. Otherwise, "Vector growth" is trying to withdraw from the project and to shift their assets into more promising ideas. "If a year in the draft failed to make significant progress, it is unlikely that he was" shot "then. Time withdraw from the project - Art with a capital "- said Alexander Bryzgalov. He concludes: "There is no need factories, which cost billions. Good design can be invested to the amount of 10 to 20 million rubles. If the project is a year left to self-sufficiency, this is a great project. More often and a half to two years. If after three years of it can come up with a good advantage, it is a venture happiness. " History VI Serguei Beloussov Age: 39 years Date of birth: St. Petersburg Company: Parallels Type: Software in 2010 with Sergey Belousov truly incredible thing happened - he ranked among the billionaires "F.". The story I Pavel Cherkashin Age: 37 years Date of birth: Moscow Company: Microsoft Rus type: investment people like Pavel Cherkashin, called business angels: they invest more in the idea stage, even when the legal person can not be. But the amounts are small. Thus, the entrepreneur said that he had never invested in a project more than $ 200 thousand when he officially takes the post of general manager of consumer strategy and online services of the Russian office Microsoft. "I have almost all his life engaged in business, but then began to work in large companies and was somehow missed by start-ups - shares their experiences Pavel Cherkashin. - At the same time appealed to me from time to time with his friends ideas, and free resources that could be invested, also existed. And as the startups I understand better than, for example, stock market, then, in general, it all came naturally. " At the operational management of their projects, a top manager of Microsoft's not enough time, however, it is a good thing. Its role is limited to providing money and advice. Pavel Cherkashin has invested in a considerable number of projects. But because of "soaring" refers to two. First, Internet TV TVigle. It all started with an idea, which came to him an old friend of Yegor Yakovlev, who now heads the company and asked for his support. Partners jointly invest about $ 400 thousand, and then attracted venture capital fund «Allianz Rosno Asset Management", retaining a majority stake. The Fund has invested in the project is approximately $ 8 million in 2007-2008, and in the spring of 2010, the estimated cost of all TVigle already at $ 45 million, according to unofficial information. The second project - Krible.ru - is a system of active sales on the Internet, through which the sales manager can find your potential clients on hundreds of partner sites to offer their services and communicate with text messages such as ICQ. "Interestingly enough, in my opinion, a model of sales, - says Pavel Cherkashin. - I invested in this project, other investors have not yet caught. " Approached him, basically, an acquaintance. But many people come through social networks - primarily the "My Circle". Plus, Paul has recently started performing at events like the Russian Internet Forum. Now a top manager at Microsoft is an investor in a dozen projects in the field of online services, mobile applications, games and social media content production a new type. "Some developed successfully (example - TVigle), - he says. - Other - fighting for their place in the sun or die to be reborn in another capacity. " History II, Boris Satovsky Age: 47 years Date of birth: Ekaterinburg Company "Russian Navigation Technologies" Type: digital cartography Grandpa Boris Satovskogo was the chief designer of the plant "Uralmash", the inventor of the walking excavator, twice winner of the Stalin Prize. In the family archives still keep a copy of the certificate of copyright. The grandson had made known, being able to make a fortune with its own intelligence and talent.

MIPT graduate created the company "Russian Navigation Technologies", is engaged in the production, development and implementation of monitoring and control of transport "AutoTracker" technology-based GPS / GLONASS. Experts call the project a model in terms of the business plan. PHT increased and reached the calculated results for the estimated time, increase traffic to the business plan was 10%. Manufactured product is 25-27% of the market navigation systems. "Even competitors acknowledge our technology leadership in this area - with satisfaction, Boris tells Satovsky. - In addition, the company is thriving, annually adding 50% to revenue. " A specialist in aerospace distribution began at the Institute for Space Research, where he was technical tasks associated with the automatic interplanetary stations. But I wanted more initiative, decent wages. New place of work was the joint Russian-British venture, which, like thousands of others in the early 1990s, engaged in the import of personal computers in Russia. Older friend and business partner was the Englishman Michael Hutchison. With him, Boris Satovsky in 1992 created the "Ruslan Kommunikeyshnz" - now one of the leading Russian companies in the field of corporate information systems. She became an incubator for the navigation of the product. In 2002, on the basis of promising developments "Ruslan" first began work on the creation of navigation equipment and software "AutoTracker." <<>> Several prototypes have shown efficiency concept. Joined the project team of associates who are invited Satovsky, after which the draft was released on a commercial basis. "We have invested their time, enthusiasm and effort into this project, it is growing, but slowly, - said Boris Satovsky. - Customer base was formed, was sold about a thousand units. This is the moment when the amount was to go to quality. It took a professional venture capital investors. " PHT immediately received a positive response, because the sale was exhibited no clear idea, and the idea that a commercially justified at the first customer. "We did not have anyone to argue that this is a viable commercialized product, he sold himself, there was in its final form - explains Boris Satovsky. - If you have a good product, you need to do? Share this market. How? Through advertising, through the development of dealer network, through representation, through marketing. This is all very expensive thing. A small company, which consisted at the time of 10-20 people, at their own expense was not able to do it. " In 2008 the company became interested in "VTB - Venture Fund", which acquired 30.7% stake for 170 million rubles. A July 7, 2010 the company held IPO, placing innovation at the MICEX site 18% of the shares. On November 1, its market capitalization was 1.4 billion rubles-lei - seven times more revenue under IFRS in 2009 (210 million rubles fields). NAV VC doubled. <<>> History III Andrew Tulupov Age: na Date of Birth: na Company: "Seismic-shelf" Type: Exploration in 1995 at Amsterdam's airport to board the plane Amsterdam - London Andrew Tulupov sat with his wife and 11-year-old son. A graduate of the Physics Department of Moscow State University was returning home, having worked under contract with the Institute of Plasma Physics. Could stay in the Netherlands or to accept the offer of other European institutions, but did not stay, did not take, took his family and went to Moscow. Andrew says that one reason was the return of the 11-year-old son, who had to teach more seriously. Did not like him, the hereditary scientific worker, is not very tight system of school education in Europe, aimed at applied skills rather than basic knowledge. Andrew began with what he knew best. Gathered with his friends, created the engineering firm, began to carry out orders. Then he became interested in the business idea and put their own money into a new project - the production of this fruit drink. Unlike other manufacturers who buy abroad concentrate, dilute it with water and poured into the box, Andrew Tulupov proposed market a natural product derived from the berries, sugar and water and poured into a glass container. "The technology was unique - he recalls. - We are not boiled juice, and used the author's method of extraction pulsation. It turned out 50 thousand bottles per month. First, it is not enough to take a serious gap in the market, and secondly, to devote himself to Morse, I did not want to. " Andrew took up his new projects. <<>> Experience of the business is very useful. Another was the production of drugs for health, powder coating of metal products, assembly of geophysical instruments to search for ore deposits, primarily gold. But most of them he played as a professional fund-raising, trying not to get involved in operational management. However, one of its current projects, also from geophysics and marine oil and gas exploration, Andrew manages itself. The project - geoelectrical. Hydrocarbons, or more precisely, oil and gas, have a higher resistance than most of the surrounding rocks. So it is possible to detect their presence in the subsoil. In a sense, the latter two projects are linked. In particular, it follows the seismic geoelectrical, determining what is in the tank, found, perhaps by seismic surveys. "For a multi-component seismic hydrocarbon cost billions - says Andrey Tulupov. - What is the oil exploration on land? Drilled test wells. It costs $ 1-2 million, but the oil there can not be. Of the ten wells are six dry. However, such losses on the scale of the oil industry is relatively small. But if all this is happening under the water? There between man and machine can be hundreds of meters or even kilometers of water. This is fundamentally different equipment and technologies, each exploratory well costs are often already in the hundreds of millions of dollars. And confidence is still no. Imagine the scale of the error. And then we say: do not drill! <<>> If the thickly sown search area by seismic stations, which can describe a virtual slice of the earth's crust, the effectiveness of this would be tantamount to drilling. First, you can find field and, secondly, delineate it. " In a short time there the company and complex test stations. But, to proceed to sea experimental work, requiring investment. It is estimated that for the first phase - 300 million rubles. The next step - an expert evaluation of the project. Investors have found in «Allianz-Rosno Asset Management," fund manager "New Technologies", created with the participation of the RVC. Investments totaled 150 million rubles. The second investor was to become one of the structures of "Gazprom". But there swayed slowly, and only recently has the situation changed. History IV Sergey Dmitriev Age: 59 Born: Moscow The company: "Fiber-optic technology - Capital" Type: production 32 years ago a young professional Sergey Dmitriev came to work for the new Soviet industrial area - fiber optics. Since then, all his undertakings associated with the prospects of using optical fibers. In the years that the Union had designs for the "defense" in the restructuring - the data line and the organization of Internet access. "My colleagues and I were able to with a minimal investment to create a network that covers more than 2 million apartments", - says Sergey Dmitriev history of the company "Multiregion", which in July this year, sold to MTS for $ 218 million According to him, future trends related to the application sector using fiber optics, including the creation of sensors. <<>> Sergey Dmitriev was the three investor-oriented projects in various areas of application. One of the companies will manufacture sensors for power industry. "The current and voltage in the line is still measured in transformers that are built into the network. In the event of an accident is break the network, for example, in 2005 at the substation on the street in Moscow was burned Chagin just measuring transformer built into the network, - says Sergey Dmitriev. - Our sensor based on fiber optics allows a contactless method to measure the current and voltage without compromising the integrity of the network. " While such devices are manufactured by only one Canadian company, and then based on the Russian optical fiber, which is produced by the Institute of Radio Engineering and Electronics, experimental batches of several kilometers per year. Enough for several hundred sensors. Sergey Dmitriev plans to establish manufacturing and fibers, and sensors. In a Canadian company, there was reason to worry: not for the fact that the fiber will be delivered to them after the opening of the Russian proizodstva. Manufacturing company "Profatek" will start in late 2011 in the suburbs, and 3-4, the plant plans to produce 2-3 thousand units a year. While the sensors are collected at the Institute and are 600-700 thousand rubles. Through collaboration with the "Rosnano" in the project managed to attract a group of "Onexim" allocated funding for research activities. "The fiber, which is now available abroad - the first generation. Sensor readings based on it are very dependent on temperature, we have to pay much attention to the heat setting - explains Sergey Dmitriev. - We managed to solve the problem: a second-generation fiber. <<>> The basis of our certified device is precisely this development. Moreover, work has begun on the creation of third-generation fibers with nanoscale quartz ribs inside the bearing quartz envelope, on which "suspended" the core of the fiber. The advantage of the development - the lack of sensitivity to the diameter of the cable winding. We obtain a highly sensitive sensor. " "RUSNANO" owns 45% stake in the project, the rest - the company "Onexim BOT Capital" (30% of the latter company owned by Sergey Dmitriev). Project Budget - 1.33 billion. History of Alexander V Bryzgalov Age: na Date of Birth: na Company: "Vector growth" type: investment graduate of Chelyabinsk "Polytechnic University" to apply their engineering capabilities at a defense plant for a long time it was not necessary. Already in 1988 he organized the first co-op rental movies - a very high demand business at the time. A bit later engaged in film distribution business and even bought the "Mosfilm" right to a new comedy by Alla Surikov. Already in 1990, engaging in trade, Alexander Bryzgalov first brought to Russia President dairy products and many other French delicacies that greatly expanded the horizons of culinary ideas Russians. Moreover, all had to make from scratch, including the creation of software to automate their activities, and even publish a professional journal "Proviant" for wholesale and retail trade throughout the country. But in 2005 he decided to sell all of its trading business. <<>> Said goodbye to the staff and went to look for new, interesting direction for themselves. So in his life appeared venture capital investment - the industry at that time in Russia in its infancy. Alexander came to the matter thoroughly: he received a second degree in "Innovation and investment" in the Russian Civil Service Academy under the Russian president, but for the experience went into the company "Finam", immediately became the leader of innovative projects. Confronted with the problem - look for the most interesting Russian start-ups and attract venture capital investment in them. "We worked in projects as members of the board of directors. "Runner", "Mamba" and others are still leaders in their segments ", - says Alexander. On one of his projects seamlessly transition occurred in the area of ​​their own business venture: Alexander Bryzgalov project of mobile advertising has very much liked personally, but "Finam" did not include it in your venture holding company. Then he agreed with the shareholders and joined the team. It was a company "Gigafon": the idea that at the time of the call appears on the smartphone screen advertising message corresponding to the interests of the person with the age. "It was difficult. Two and a half years ago on the topic of mobile advertising contemplated only in theory. Shareholders do not have any experience of venture financing, but demanded immediate results. However, the project was successfully sold to large investors from the Asian region ", - summed up Alexander Bryzgalov. Another project - "Geolayf" - associated with the navigation services, has proved less successful. <<>> A strategic investor with the beginning of the crisis has ceased to fund the project and the partners were forced to sell to another investor. However, the entrepreneur is already felt in venture investments with confidence. There appeared RVC, and Alexander Bryzgalov a fund "Vector growth." In his experience, the fate of the project is determined during the first year. If moving on thoughtful "vector", "growing" - its funding continues. Otherwise, "Vector growth" is trying to withdraw from the project and to shift their assets into more promising ideas. "If a year in the draft failed to make significant progress, it is unlikely that he was" shot "then. Time withdraw from the project - Art with a capital "- said Alexander Bryzgalov. He concludes: "There is no need factories, which cost billions. Good design can be invested to the amount of 10 to 20 million rubles. If the project is a year left to self-sufficiency, this is a great project. More often and a half to two years. If after three years of it can come up with a good advantage, it is a venture happiness. " History VI Serguei Beloussov Age: 39 years Date of birth: St. Petersburg Company: Parallels Type: Software in 2010 with Sergey Belousov truly incredible thing happened - he ranked among the billionaires "F.". The logical result of his labors in the field of software development: About Parallels and Acronis knows any more or less versed in computers, man. Although many more Russians know better another brand - manufacturer of household appliances Rolsen. <<>> All of these companies Serguei Beloussov is highly relevant as a co-owner. And as a man who has repeatedly attracted venture capital money. Hardly go wrong if Sergei Belousov call the most knowledgeable person in this matter by the project companies. In his fourth year he was engaged in MIPT build and sell computers, two years later switched to television, founded with classmate Ilya Zubarev company Rolsen. Very simple, but smart enough to partner up to this one of the first: components were bought in Southeast Asia, television sets were collected in Russia, and sold them under the "Korean" brand. Ilya Zubarev, coordinated the work in Moscow, and Sergei Belousov - in Singapore. Well liked businessman in this city, that he even changed his citizenship. However, the production got him briefly. In 1999, the company appeared SWsoft. "But the piece that we have gathered to bite, proved to be too large: to develop an operating system, and system management and storage - says Serguei Beloussov. - Over time, we stopped to develop operating systems, and system management and storage in a separate project Acronis. Software development, which would allow service providers to condense their server and client applications to isolate completely handed over to the Parallels ». Later, these companies have become leaders in their market segments. But on the way to the triumph of entrepreneurs have come to a considerable number of rakes. Problems arose just after attracting venture capital investment, but the reason was their own lack of understanding of the principles of operation of the market in the West. "Entrepreneurs tend to treat venture funds as a special category of investors, forgetting that they are five or six types, and stage of development to match the type of business venture - says Serguei Beloussov. - For example, a fund specializing in participating in the final stages of business development, will not help anything, except money, the company just started to create the product. <<>> He is able to tell how the two hundred millionth company, to help lead the team only a high-top management. And why on the stage of birth of the product is needed, for example, the CFO? "Specifically for Parallels error led to a loss in the pace of development. Although Serguei Beloussov took Singapore citizenship, the question "Which country think the house?" - Responds unequivocally: "I am Russian." Just in 1994, when he was involved in assembling a PC, and then distribute the software and its refinement, a businessman often had occasion to be abroad. Travel with a Russian passport was uncomfortable - had to get a lot of visas. So he took a Singaporean citizen.