CEO Cheng Wei, a taxi driver, has repeatedly told this story. After Yuri Milner’s fund DST invested more than US$100 million in the hit car at the time, Yuri Milner warned Cheng Wei: “You must be able to survive the merger, or you will be killed by Uber.†Now this sentence seems very correct, but at the time Uber was still in a dormant state in China. Many people still doubt whether it can adapt to the Chinese market; but now, I am afraid that everyone has to think about his advanced strategic vision. .
Yuri Milner’s understanding of Uber may be that he failed to invest Uber and became the biggest failure in his life. At the TechCrunchDisrupt conference in San Francisco, the bald-headed, razor-thriller, venture capitalist who fought nationally, said half-jokingly that he couldn't sleep for a while without investing in Uber. He turned to Uber's rivals in various countries in the world, such as China's Dribbling, GrabTaxi in Southeast Asia.
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However, Yuri Milner praised Uber, saying that he is very confident in the development of Uber. And even though Uber's valuation in the private market is now over 50 billion U.S. dollars, Yuri Milner believes Uber’s market value may reach even higher after going public – because Uber is completely creating a new one. In the market, people cannot measure it with the current market capacity.
This investor is also an obvious Chinese supporter. Once he had staked Alibaba and Jingdong, he now invests 40% of his funds in the United States, 40% in China, and the remaining 20% ​​in the European and Indian markets. The other group of figures he did not confirm showed that 60% of the DST fund's returns came from China.
Robot + Human> Robot
In addition to investing, Yuri Milner shared some very interesting ideas, such as his optimism and support for controversial artificial intelligence.