the home of the that's the gateway to the grand imperial truly the torch was the. new kind of socialism good to see don't need to go and. read this in the kindle was toto as a retreat. back in with to you live from moscow on the recent share a quick recap now the top two percent of the skies over moscow welcome of the world over aviation as scores of the latest jets performing breathtaking stunts at this year's max two thousand and eleven show. european markets tumbled on news of economic stagnation across the continent and strong seeks to convince an already skeptical germany to shoulder even more of the euro's to see. and another kind of market a gruesome an organ trade in india is on the rise of the authorities accused of

colluding with those illegally preying on poverty stricken people sacrificing their health for one. of the headlines are next that spotlight and i'll go off looking at how to make a mint from social networking. well let's. bring you the latest in science technology from around the world. we've got the future covered. how again are welcome to spotlight the infamy shall r.t. i'm older now and today my guest in the studio is unity milner. two years ago he

went to the u.s. to meet young billionaire mark zuckerberg the founder and owner of facebook they didn't talk about money they talked about the future of the net you would return how and a few months later he bought into facebook the russian made an offer of the american couldn't refuse this he have an irresistible offer for every company he buys his unit mildred the director general of the global and the first russian venture capitalist and the portion top fifteen. during perestroika time employed scientist yuri milner became an entrepreneur started in computer retail but then suddenly quit the business and left the country to start a management in the u.s. and some return to moscow to work in an investment company has some smelt real money and social reality and he was quick to invest. with the irresistible charisma he manages to persuade even the most difficult partners to do business you became

the first russian venture capitalist to make it into the fortune top fifty some of the deal with the wild but at the end of the day they brought you read the v.c. of the year. hello union walked into the show hi thank you thank you very much for coming for being with us thank you. for the first time in the history of venture capitalism california the d.c. of the year award was awarded to russian was it was it a shock and if it was for good for you or for americans world was a shock for me for. an eventual we're going to get americans that i don't know you don't know but. but i was very likely to be. nominated. there was a very strong list of people who were nominated and you know i was

lucky even to be on this list. why does your investment strategy work so well is it is it true that you have it you have a special offer for every company and you always are for more than the others or is it something else well that's not exactly the case. in the first and last month and facebook were higher than the others but in subsequent investments we actually acquired the rest of other big u.s. funds so our offer was not high. i think it's just sort of more investor friendly than sometimes other funds offer but. you base your decisions here are three years on your intuition or calculation now it's actually a ninety percent operation but it really can calculate computers can calculate well special that you. will have

a very strong team very international team it's. two of the team members are from india from germany and one from finland. one from. asia so the pm is very diverse it's really global team and because we specialize in the good in the rural sector i think where you can. maybe just sometimes do. more comprehensive research just because we're a specialist the other funds the don't usually specialize that narrow a you so so so i understand that the problem with most of the investors in the business in the internet is that they regarded internet as a whole and were ready to invest wherever it wherever they saw out there that this

fish and this one. well you took like a little little need and put all your all your intellectual abilities into the small to the small sector is that right yeah that's correct and has basically called the social order. everything of all around social so. are you sure that even today the future the future of business and the most money you can make in that lies in the social networking is going to change well we view it as a big turnaround for the next five ten years and we believe that social is going to be the underlying platform and a lot of internet businesses will be rebuilt around social. well. calculation is good but still i think there is something more than calculation because lots of people have good teams lots of people can calculate but i think

there is something about your intuition maybe just because for example how all those trying to make their fortune online as far as the statistics say less than five percent eventually succeed spotlight's ability me the world looks at the new and risky business. the. rock stores top hold actors astronauts on olympic champions should all step aside the real heroes of all time completely lanyards making more tamil in fortunes online they appeal to stories about them was reflected in the box office takings last year for the social network a biographical drama describing the founding of the facebook website eighteen year old andree to not skew from one school may become another mark zuckerberg it took him three days to build his chat roulette social networking site when the number of users reach tens of millions he appeared unprepared for media attention and

business proposals. of course i received offers basically from us in letters and venture pants but actually i don't know yet how to speak to those people i'm not sure what goals they are pursuing they want to invest the project has a good future i think so too but i'm still hesitating bushnell so coming up with an idea for a popular site is only part of the deal the next step is marketing and being a computer genius is not in our here maybe that's why ninety five percent of those who try to make a fortune online fail now that's a giant says facebook and twitter are preparing to asian stocks and go public analysts cautiously reminded them of the dot com bubble burst in two thousand and one nine hundred ninety s. to investors and they traded with internet based companies their stock prices soared until eventually dot coms turned into dot barmes undermining the nasdaq.

you we just saw this guy we interviewed he you you say you know you said he had a chance but he blew it is not true not insists he still has a chance to lose the chance that million what was something that. would well. i don't think something went wrong i think he is given his age he is eighteen years old if i'm not mistaken and he has made it more years ahead of him and i think even with this vehicle project many more good things can happen and he i think he has. he has a first mover advantage still because he was actually but for us to call for a new video platform and i wish him a lot of luck you know he was he was one of the russians so you know you know. he was about the same age maybe a couple of years old drea actually he was

a lot older he was when he started and all of his time was maybe ten years old couple of years but one major difference between this guy and this i think there is a major difference between seventeen years old and twenty years old there yes really yes he saw the business is so young there are subtle years clearly as though you are too old yes your top of the business yes it's a time for some difference and i think ten percent difference in this age group actually comes a lot. but are you too old for this business i am too old for this business you know what used to look at and you're successful but i'm too old to succeed as an entrepreneur and as an engineer but merely not to all the world continue to make investments but to make investments you should feel what i was talking about intuition not only calculate but feel the young generation what they think you

should feel the way they feel because the money made the social it was that feelings it is about making it a sealy happy or something how can you feel that. he will next generation all right the previous generation i think has basically got curiosity and honestly i'm very curious about. how they live where they are interested in how they spend time. what is their media consumption and how that's different from how we consume media i think it's mostly about curiosity anything us. great. great words. said by an american many years ago is from that mistake and if i knew there was something that is not available in america i would become

a billionaire and that phrase so. americans are very good at seeing opportunities so how did it happen that you saw opportunities in america which the americans themselves didn't see curiosity you know what something else i i think it's a combination of factors it's all a bit of luck as you know as you mentioned it's also that we started investing in the u.s. in the middle of the crisis and that was a little bit of depressed you know of the world at the time. and. but also i think. maybe one of the major factors is that at that time we had more experience than other investors investing in social networks willingness to done for social networks before facebook and i don't think there was any investor in the world at that time but invested in four social networks as we did so we just had

a little bit of a head start at the time. and the four were russian. three russian and one in poland and they also see putting the polish one i don't hear nothing about the published me they're all successful so far and the polish one was sold last year. yes yes. bill. you're the director general d.s.t. and the first russian venture capitalist in a fortune top fifty spotlight will be back shortly after we take a break so we continue this interview in less than a minute stay with us. her . mission to free the couldn't a should be free. for churches free. commenced free. free

spirits free. the old free blog just plug in video for your media project a free media john to our teton tom. for the. we've got it for the biggest issues get a human voice face to face with the news makers. today. again flared up. and these are the images. from the streets of canada. operations are the day. her mother.

welcome back to spotlight i'm al green of and just a reminder that my guest in the studio today is usually milner is the director general of the u.s. to global and the first russian venture capitalists in the fortune fifty list. he. you are one of the people that is investing money. and your money is developing the internet making it more and more part of our everyday lives is have you ever thought you're russian you're a russian invest another american reza so you should think about things like the internet is a good or is it evil. i think it's all a bit of balls it's like always a double edged sword some people use. to

make things worse and a lot of people use them to make things better so you as always you have here. you know appeal if you abuse a kind it can be very damaging to your views anything you can abuse you is i mean you can prove peace and one violence you can spend but there's nothing bad about repent. internets and nothing to get it so so so so what for example what would you prefer what would you recommend you or your kid having a friend or having fifty friends in facebook you know the so-called friends i'll really never met i'll recommend it to friends in facebook or in contact with other people or. mail because actually the subsistence shows that ninety percent of the friends on social networks are real friends the

stuff around here real people know real friends somebody that you are friends with in real life you are friends with him on social network. so ninety percent level there's a real other out there is really shines i know i heard i heard statistics today in the morning that seventy percent of people in social networks in russia have false identity another song that's not true now you have to check it it's it's a system called research that can be provided it's over ninety percent have troy my name in your contacts he's lady gaga no not really anybody's ever since so many you're saying to make sure i do that. it's not about ninety percent it's it's interesting because it's a self policing community because if you have a false identity you cannot have real friends. right so because this network

has real real friends in the engine it is the friends if you knew for a few years in real life even somebody you meet you know you and yes the good bit are we moving to a situation when you actually never meet the people yet you make friends with the net and you don't actually need real because all those guys they were they they look at nights you know it's four o'clock in the morning they say this is what went to school. this is when their life begins yes i think what happens is that the number of friends is basically constant the every number of relationships that any every person has is about one hundred twenty it's it's a fundamental constant over the last few thousand years and it's called the number so it's it's a number of those actual established during all kind of research so hundred twenty relationships you can maintain their life given the kind of the size of the brain

you have everything that goes with them they think they think what internet really needs and especially for you to continue investing in growing is artificial intelligence because because the sooner i get access to artificial intelligence the number of my friends race the thousands and the number of people who i can well can be contacted in contact with what will be a limited is a. well we do believe that this is what is going to happen with the pretty soon this sort of artificial intelligence wall will start will be invented and then we'll know a little. pretty soon i think maybe of the next twenty years of life but i don't believe this will change lives so drastically as you said i think i'd official intelligence going to be sort of enhancement of what we have. and.

i don't believe the change is going to be so drastic but i think artificial intelligence can be useful in many other ways you know it's come so just to new relationships for example that you know you didn't know that you actually mean you know well like you should divorce you why because there's a bit of girl that we're like the facebook is that what you're talking just made the right there i'm sure fifteen years ago. for some people yes. but the majority. here wants to. why didn't you know what you're doing in the silicon valley what why aren't you doing the same thing in russia i'm doing the same thing you are yes in fact it was the other way around i started investing in russia ten years ago and then you moved away and made your millions. of them for eight years that was exclusively russia

and then on the last two years it was a little bit of both and whatever start ups you you doing start ups today giving you a thousands or tens of thousands of dollars for a start up first and you're not doing it in russia or are you already are and all this is actually in the works this is something i'm working on right now. launching a similar project in russia so you think though that the perspective of the same sort of business in russia is also pretty good i am pretty sure it is just kind of on a different scale obviously because. because because of the way we're trying to work longer because you know other countries have had starts like us you know them much more advanced. them on the technology front but russia has the advantage in human capital at least the basic advantage if you look at the world championship and programming the russian teams won six of the last ten years so russia and the

russian talent is actually very highly regarded globally. actually i care more about the football world cup but with a little mention that if you talk about catching up with the what's the betting that notion of a lesson today everything's moving so fast i think i think it was you said that today in three days the the the the volume of information and content. developed in that is more than the kid the that the human race has developed for. for ages is that true yes. i did not came up with the. ok this is a fact it's a fact but when everything's so fast do you think that a country. that's a little bit behind. can ever catch up with will do with the united states with japan with countries like that. i think of russia as

a ball to rethink his talent. which obviously is out there. i think there is a pretty good shot to all take a significant chunk of this play you can catch up when you're running if we if we could go to the track and field the field running ten miles and somebody out there like a one minute head start you can still catch up only for the marathon but if a sprint then you're a one second there aren't you know the catch up because it's too fast yes i think it's a marathon if it's a marathon this means that more and more people will be making more money like yourself in this field. i'm sure that's the case because information technology is going to be bigger and bigger if you sort of global g.d.p. does that mean that money will be will be drifting from real business from real life into into virtual life into virtual business because more money more

opportunity for things or goodness in for actual will be will become part of real. and very real. well basically a virtual is another way for real life to express itself so i think we're really talking about the same thing. media do you think media will exists. newspapers television radio does anybody need them and what i think so i think it will exist i hope it will exist because i'm a big consumer of that hear. them because of the generational gap you watch news on t.v. yes i've been watching it on t.v. all the news are out in the net and they are faster. and then you can choose i mean you can select them they can tell you know to wait for another three hours with a news group. and then you hear something about here just like thirty seconds of

when work well what's interesting and then thirty minutes is about nothing i agree i'm a little retarded. in the old ways still. myself so i you're reading books are you still reading books. reading a real book signing paper paper but i am reading fearful books but less so how many books do read. month like a month in the last few months i have not read a single line. you call it not in a class but probably because of too much trouble and i think you're becoming an american because for russia. it's not about a book a year isn't it it's not reading books or american a book a year is ok i will catch up i think it will be catching up ok now is is russia do you think russia is a place. at which the world's our i t think knowledge is

a high technology should be looking because we talk a lot today about innovation about building our own silicon valley outside moscow do you think this is going to happen well i can only. see. somewhere where you know i know what's going on which is the internet and russia is already in the top five global superpowers. together with us china japan south korea i think she is and thank you thank you very much for being with us and good luck to you just reminded us my guest today was unity milner of the doubt general d.s.p. global and the first brushwood venture capitalist in the fortune teller fifty that's it for now probably politics here if you want to have your sales quite loud or maybe you have someone in mind to think gratian through next time to drop me a line of calgary not that party t.v. dad are you and let's keep spotlight interactive movie that it was based on

comments i was going on and so gosh so then they had to. refute. it.

in india multis available in the grand central shirts in mumbai the taj mahal the mirage the moon buying polish president combining the shoulder pain which results from one of beatriz's public clothes a go to go in the hall hutto carriages cement hotel so much kind of hotel drawn closer to the meridian alina the judge the hotels church in new delhi who took him over eighty hoto clear in connection ramona plaza the amman maidens photon's park close and the lido medicine shift it was promised but a precaution promise.