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This was the big consumer behavior story of 2018, behind the rapid rise of digitally-native vertical brands (like the breakout , Hims), and the rise of prosumer-level data applications (like breakout Airtable). Russia has evolved in a different direction, with tight information controls and state-run media. 2/ The Scooter Phenomenon.
For many investors and entrepreneurs in the West, doing business in Russia can seem like a step into the unknown. With a little knowledge of some of the key cultural differences and unique properties of the local tech scene, Russia can easily become one of the most attractive tech markets in the world for investors. Russia in numbers.
This emerging opportunity reflects the urgency of keeping pace with rivals like China and Russia, who are furiously integrating commercial technologies like AI, quantum computing, and unmanned systems into their armed forces. ai entered the defense market having already built a successful commercial business in the energy vertical.
Now we have ditched the cold war triad in the 21st century since the Soviet Union became Russia again and discovered its own style of capitalism.) That was our strategic posture from the ’50s, ’60s, and ’70s, the ’80s, and I think maybe even through the ’90s.
By 1863 the government had given up the monopoly and opened production to all comers; an industry was born, prices plummeted, and by the early 20th century Vodka represented almost 90% of the alcohol consumed in Russia. Today the vodka business is massive, with global consumption in 2008 logging in at over 512 million cases!
This post is just my own learning process about this subject and doesn’t cover the rapidly growing bot ecosystem or the vertical messaging apps (startups like Crew ). Now bigger than social media, messaging apps are on practically every phone, and only growing in engagement. Today you message your friends and family mainly.
Reply Apolinaras Sinkevicius , on May 20, 2009 at 10:48 am Said: Though I had a very stable family with very good parents, I grew up in a country (Lithuania) that was occupied by Russia for 12 years of my life.
China, Russia, Brazil, India, Indonesia all meet those criteria. Creating a vertically oriented regional ecosystem is a pretty amazing accomplishment for any country or industry. Outside the U.S. Obviously this depends on industry and application.)
There was a big flap in the press when Secretary of State John Foster Dulles refused to permit Nikita Khrushchev to bring a captured gondola and tour the USA to show what the Government was playing over Russia. The eventual goal of this program would have been to radar-map the Soviet Union.
However, Cabinet members who are responsible for vertical portfolios still manage the government’s large functional agencies, and there continues to be significant overlap between those who handle commercial, defense, and diplomatic policy. Indeed, this was the purpose for which the council was created in 1947.
But I knew I had to look for investments in “software meets X (often known as Vertical Software solutions)” rather than necessarily horizontal enterprise software applications. The 30-minute interview of Jonah Peretti is here but my summary in the notes below. An obvious vector for me would be software for the media industry.
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