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Comment RSSDST – Many More Facebook and Zynga to come!
- Image via CrunchBase
DST (Digital Sky Technologies), the company owned by Russian billionaire Yuri Milner has outlined its plans for the next 5 years and it’s hardly surprising that the company plans to put in a billion dollars to further tap the potential of social media.
Clearly, the phenomenal success of DST’s 2 major social media investments – Facebook and Zynga will pave the path for more such startups. DST keeps an eye on nearly 50 companies all over the world which offer potential investment opportunities and may well grow to become the next ‘killer idea’.
As per DST, though social gaming is already very popular, it still has enormous untapped potential in the next 5 years. Though the company has chosen to keep mum on the subject, industry speculations suggest that Twitter and Foursquare might well be on DST’s radar as potential investments.
DST’s strategy is simple – ‘Spend Big for Small Stakes’ and the move has paid off wonderfully well with Facebook and Zynga. With a billion dollars in the bag for social media investments and acquisitions, DST might well play the ‘social media kingmaker’ in the next 5 years!
Related articles
- Yuri Milner: DST Has $1 Billion for Social Media (businessweek.com)
- Zee.: Russian Investors Throw a further $300 Million into Facebook (thenextweb.com)
- Facebook Employees Cash Out $200M in Shares (gigaom.com)
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