German Klimenko does not want to invest "losers"

    The $ 10 million Social Space Fund investment fund was established a month and a half ago to finance Russian Facebook App developers. However, the fund manager German Klimenko recently admitted that during this time he did not find a single suitable startup.

    “We received 40 applications, 39 of which were gaming. At the same time, the developers wrote to us something like this: we have already made ten games for other social networks and are ready to make the eleventh for your money, ”Klimenko said and added that there is no point in“ investing losers ”.

    German Klimenko’s attitude to “professional startups” is well known. He had spoken before“Most startups are utter idiots who think investors are assholes.” Obviously, in such an atmosphere, it is difficult for the parties to establish business contacts.

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