Startups in Russia: Why you really can’t ignore the Kremlin, for better or worse
Jun17
Back in December 2012, we told the story of Russian startup Dream Industries, the founder of which claimed that he was raided by his own partners and the startup’s investors. The latter answered with accusations of ineffective management and inappropriate expenditures. In March 2013, DI’s founder Alexei Ostroukhov launched a lawsuit against his partners claiming $40 million in damages, which resulted in company’s assets being frozen by the court. After more than a year of court battles, the sides have reached an agreement, under which Ostroukhov’s share in Dream Industries was bought by the other shareholders, leaving him out of the startup he…
This story continues at The Next Web