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“We have a unique opportunity to create today, test tomorrow and sell the day after tomorrow,” Dmytro Kuzmenko, CEO of Ukrainian Venture Capital and Private Equity Association, tells Kyiv Post in this exclusive interview.
“Now, everyone knows about Ukraine,” he says, but adds they don’t necessarily know it for the right reasons.
With Russia’s full-scale invasion still grabbing all the headlines, Kuzmenko says the huge investment opportunities and business potential in Ukraine right now are being missed by those best positioned to make the most of them.
Watch the video above to find out why now is the time for VCs to invest in Ukraine.
Comments ( 1)
In Poland we periodically have people interested. Unfortunately the opinion of many is that its tough. In my hometown we had a guy go to Ukraine, open a successful business and grow it over the years. Then mafia came, took over his business and when he protested they beat him really bad and he barely made it back alive. He was no corporation with lawyers and piles of cash to pay off the right people. There was no state help against thugs like that either. Having even locally stories of this kind, of a foreign person like that, the conclusion is that investing in anything in Ukraine is very risky and would require paying bribes and dealing with mafia, on top of war risks. You maybe can do it if you're talking about a global corporation but individual people investing is too risky. There are reasons like this which make Ukraine's natural wealth and human capital not develop as well as they should. I leave my comm3nt here knowing Ukrainian people are the most capable at solving something if you know what the challenge is.