On November 27, the business club Kelia hosted an event for professionals of the venture industry "Path to LP. Practice of investing in venture funds " organized by RVC and Firrma. The experts discussed the condition of the Russian venture market today, shared their experience of working with LPs and GPs and investment strategies. Alexey Basov, RVC's investment director, spoke about the investment plans of the Russian Venture Company.
Extending his point on RVC's investment plans, Alexey Basov noted that RVC's functionality also includes creating professional management teams: "We are open for cooperation with mature management teams and ready to take active part in their arrangement and training, ready to help them choose parameters and strategy of the fund, to raise funds, structure their regulatory framework. We realize that the market of venture managers is just emerging, and the country needs much more investment professionals." In his opinion, the funds organized by RVC receive not only co-financing but also comprehensive infrastructure, including analytical resources, legal and legislative support, assistance in scaling portfolio companies and structuring exits.
Andrey Laptev, Head of Corporate Strategy Division at Severstal OJSC, told about the investments within the corporation. In his opinion, today the demand for steel is growing slowly, it is less often used in construction, and the automotive industry uses aluminium as substitute for steel. Therefore, modern corporations must work hard not only to improve their technologies, but also to create new markets in order to maintain their positions. He told that there are several tools for creating innovations among which there is possible cooperation with GenerationS, the largest accelerator in Russia and Eastern Europe. The company also plans to deal with the funds so as to learn about the evaluation of venture projects.