Silicon Valley investors with ties to Russia are now distancing themselves. Documents obtained by The Post show one investor touted her connections to oligarchs.
then they simply picked those worth more than $1 billion, without accusing them of wrongdoing or imposing sanctions.
Interviews in Silicon Valley show that in the wake of Russia’s invasion of Ukraine, Russian connections are getting more scrutiny from U.S. investigators, who are examining whether any of the deals pose national security risks. Some entrepreneurs and investors are worried their sources of capital may be tainted. Others are
“We can’t believe there can be any justification for a military invasion and strongly condemn Putin’s actions,” the new firm says onUndisclosed sources of investment are common in Silicon Valley, because venture capital firms and start-ups are not required to declaretarred for having taken international funding or specialized in companies with Russian founders or technical talent, which are abundant.
penetration by the Kremlin and its allies into the American start-up ecosystem. Unlike Saudi Arabia, which operates prominent state-backed funds and companies in Silicon Valley, there are only a handful of venture capital funds with overt ties to Russia. Some Russian investments have raised red flags in the Valley before, particularly around technologies with national security implications, according to officials and investors who spoke on the condition of anonymity. In some cases, venture capital firms have taken extra steps to vet sensitive technology deals that include Russian investors, the officials and investors said.
In recent weeks, some companies also have learned that relying on Russian money can have perilous consequences. Though Bucher has a relatively small fund in Silicon Valley terms, her case may be the most notable example of how the Ukrainian conflict has colored thoughts about Russian money.
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