Comments on: Russia to invest in venture capital firms

Kremlin plans to sink more than $1 billion into tech start-ups via top-tier VC firms. But are the firms really ready for "the last frontier"?

[rdupuy11]

Russia

I think I know a little about Russia, for example, I can speak Russian.

And I'll tell you, you have to be careful about prejudice and pre-conceived notions. They actually both work for and against Russia.

People think Russian hackers are the best in the world. In fact, I don't think the quality of computer talent is very good right now. Many of the so called hackers are simply script kiddies, and just a few really talented ones exist, and this is because of the lack of widespread access to computers in the same way that happened in other countries during the 90's.

On the other hand, some of the commentary about the tycoon criminals that got what was really coming to them for tax evasion and theft of public resources....that being made into an environment of suppressing business...is plain wrong.

That is not to say, that the business climate is great...it's not. But the reality is, the situation is improving, not getting worse. It's improving, but has a long way to go.

[lowenbrau212]

Russia - future kinda shaky

With all due respect, it seems like Russia is getting worse. Putin is consolidating power under his control and said when he is not President he will still retain power, all News media is under state control, prominent critics of Russia are poisened: Alexander Litvinenko, Viktor Yushchenko who survived it. And the Russian State Duma passed a law allowing Gazprom and Transneft to form their own private armies, which is completely insane.

Russia is on the backslide to the old Communist days. No big foreign company is going to make serious investments in Russia with the way the government is taking control of everything again. Why go into Russia when there is a chance they may decide to put your company assets in Russia under state control?

[cybervigilante]

OIL

Yeah, our economy is tanking thanks to GW and his nutty oil war, which has actually raised the price of oil. Meanwhile, the Russian economy is starting to boom since they developed their Own oil instead of trying to steal if from other nations with a bogus war

[lowenbrau212]

Well

The Russian economy is most certainly not booming. Russian oil is the only thing from keeping the economy from completely collapsing.

[Commander_Spock]

"All Your Base Are Belong To Us"

>>>"our economy is tanking"<<<

"Oh ye of little faith"

http://www.news.com/8301-10784_3-9779245-7.html?tag=head

From the subject line!

http://www.youtube.com/watch?v=L9oh3gqOEKU

Live Long And Prosper!

[mehta_sa]

I thnik only Americans can do that...

I think only Americans can invent things rest of the world is bunch of third world idiots and beggars.

Only America can have brain, luxury and what not.

[Commander_Spock]

This much is known about the "Russians"....

... they take a lon.............g time to complete a business plan in a real-time computer age; and, they (like the emerging economies) have not built an aircraft like the "CONCORDE". Duh!

Hence...

http://www.youtube.com/watch?v=thl-ClofWzk

... Got "ETHANOL" - Cool!

[Commander_Spock]

>>>"Got "ETHANOL" - Cool!"<<<

<<< Will fly in and out of the housing and other crises (food, oil/energy... ) at WARP SPEED!

http://www.youtube.com/watch?v=ksFqjI3gyAo

COMMANDER'S LOG:

STAR DATE..... 2007-11-10

SUBJECT..... "CGX Energy announces closing of US$35M financing"

"Toronto, Ontario - CGX Energy Inc. (OYL.U - TSX-V) is pleased to announce that it closed its previously announced private placement financing (the "Offering"). Pursuant to the Offering, CGX issued 17,500,000 common shares of the Corporation at a price of US$2 per share for gross proceeds of US$35M, which amount includes the $5M over-allotment fully-exercised by the underwriters. The Offering was underwritten by a syndicate of underwriters led by Cormark Securities Inc. and including Jennings Capital Inc., Fraser MacKenzie Limited, Toll Cross Securities Inc., Brant Securities

Inc., and Alexander Capital Group Inc. (collectively the "Underwriters"). As

compensation for their services in connection with the Offering, the Underwriters were paid an aggregate cash commission of US$2.1M.

The common shares issued pursuant to the Offering will be subject to a four-month hold period which expires on March 7, 2008. Completion of the Offering is subject to receipt by the Corporation of the final approval of the TSX Venture Exchange in connection therewith.

Kerry Sully, President & CEO stated:

"We're pleased that the underwriters have closed this financing and exercised their option to subscribe for an additional 2.5 million shares. It will give us added flexibility to continue the exploration on our three offshore Guyana licenses and for general corporate purposes."

CGX is a Canadian-based oil and gas exploration company focused on exploration for oil in Guyana, South America. CGX is managed by a team of experienced oil and gas and finance professionals from Canada, U.S.A. and the UK. CGX is financed internationally and has thousands of shareholders worldwide.

Additional information on CGX Energy may also be examined and/or obtained through the internet by accessing CGX Energy's website at www.cgxenergy.com."

TO BOLDLY GO!

[Pustovit]

No Concorde?

Really "have not built an aircraft like the "CONCORDE". "? What about Tu 144?
http://en.wikipedia.org/wiki/Tu_144
I wouldn't underestimate them.

[inachu]

Funny.

But if any venture firm gets too rich then the govt closes them down and takes the money away then sends spies to kill them.

[olimuthueng]

G.K.O. Ratha Krishnan, Machinist, >
18, Renganatha Puram,
Srivilliputtur ? 626 125,
Virudhunagar Dist,
Tamil Nadu,
India
Ph: 914563 ? 262893

Cell NO : 98421 ? 39959 .www.olimuthueng.webs.com
E-mail Id [e-mail]
Emai ?[e-mail]
To,
Respected Sir,
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