The Silicon Valley fallout from waging economic war against Russia
KEY POINTS, from CNBC article on Russia by Rebecca Fannin
- Russian politicians and tech leaders started coming to Silicon Valley more than a decade ago to build high-tech bridges but since the Crimea annexation in 2014, venture capital deal-making within the U.S. involving Russia has been declining.
- Still U.S.-based and global VC firms face issues with investments made over the past decade alongside Russian firms and individuals.
- Russia has been angling to make its own Silicon Valley with the Skolkovo Technopark outside Moscow, but now-ended relationships with tech investors and universities including MIT were important.
- Photo: Rebecca Fannin at Moscow’s tech park Skolkovo in 2018, to speak at this innovation conference
