Yuri Milner: DST Has $1 Billion for Social Media
In early 2009, as Russian investor Yuri Milner scoured the social media landscape for possible targets, he didn't wait for Facebook to call. Milner hopped on a plane and met directly with Facebook CEO Mark Zuckerberg in Palo Alto, Calif., paving the way for his company, Digital Sky Technologies, to pay $200 million for an almost 2% stake. "I am making big investments," says Milner, who estimates that he spends as much as 75% of his time traveling. "You just have to be personally involved."
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