The new century agreed to provide $2.25 million to set up NetBridge Venture Capital Company, but only if Milner and Finger each contributed $750,000 to find investment targets similar to those of large American Internet companies.
NetBridge acquired Molotok, an online auction site headquartered in Yi Bei, and 24x7, a company that cloned the Amazon model. After that. Com bubble burst, 2006 54 38+0 24x7 closed down. However, Milner used the economic recession to promote the merger of Internet portal Port.ru and NetBridge, and after the merger, it was renamed as Mail.ru, with Milner as CEO.
After completing the cost reduction plan, Milner handed over Mail.ru to Dmitry Grishin, the 22-year-old chief technology officer, to rebuild the Mail.ru service. Gleason, the current CEO of Mail.ruCEO, said: "At that time, Milner mainly focused on major events such as transaction matching."
In 2005, there were three pillars of Russian Internet: Mail.ru, search engine Yandex and rambler website.
In the same year, Milner, Gregory Vangel and Mikhail Wincher founded Digital Sky Technology Venture Capital Company. Their first target is the Russian website.
In 2006, Russian policy was liberalized, and foreign capital poured into DST to hold shares in Mail.ru
Since 2005, Mail.ru has invested 654.38 billion US dollars in 30 enterprises.
In the summer of 2008, Milner met with mark zuckerberg. Five months later, DST Global announced that it would invest $200 million to buy a 2% stake in Facebook.
When Groupon, a group-buying website, planned the fifth round of financing in March 20 10, its co-founder Lefkowski informed Milner of the news. Milner appeared in Chicago the next day and completed the Groupon financing transaction within a few hours.