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Viktoriya Tigipko
Founding Partner at TA Ventures
Viktoriya Tigipko, a renowned serial entrepreneur and investor, boasts a diverse educational background with studies at prestigious institutions like Harvard Business School, University of California-Berkeley, WU (Vienna University of Economics and Business), and Kyiv National Economics University.
Throughout her career, Viktoriya has been actively involved in various organizations, holding key positions such as Chair of the Board at Ukrainian Startup Fund, Founder of WTECH, Founder and President of ICLUB, and Member of YPO, showcasing her expertise and leadership in the entrepreneurial and investment spheres.
Viktoriya Tigipko's extensive experience includes founding Code Club in Ukraine, serving as Founder and Managing Partner of TA Ventures, leading as Founder and President of the Odesa International Film Festival, and co-founding and being a Supervisory Board Member at Global Technology Foundation. She has also organized IDCEE, focusing on Internet Technologies and Innovations, further highlighting her commitment to fostering technological advancements.
With a solid foundation in international economic relations and law, Viktoriya Tigipko's professional journey exemplifies her dedication to innovation, entrepreneurship, and investment, making her a respected figure in the business world.
Highlights
Well if GPs are primarily reliant on management fees rather than the fund’s performance for their compensation. This then leads to several potential pitfalls:
Risk Aversion: The GPs, knowing they have little of their own money at stake, became overly conservative in their investment decisions, avoiding high-risk, high-reward opportunities that could have delivered significant returns.
Lack of Engagement: With low personal investment, the GPs are less motivated to actively manage and support the portfolio companies. This results in several underperforming investments due to a lack of strategic guidance and support from the fund managers.
Short-Term Focus: The GPs might focus more on securing quick exits to collect management fees and modest returns rather than building long-term value in portfolio companies.
📌 So what is ‘significant’?
Well let me give an example of our commitment. Our GP’s invest a minimum of 25% of the fund. This is a pretty significant commitment of our own money. Compare this to the industry average of just 1 to 5%.
But with our investment thesis and to achieve the returns that we are targeting, we believe having this much skin in the game is actually critical to our business model.
Let me expand on this some more.
📌 Why do we ensure we have so much skin in the game?
There are a few very important components for us. First, the majority of of our LP’s are from Ukraine and emerging markets and are business owners. Most of them bootstrapped their ventures because there wasn’t much venture capital available in places like Ukraine years back when they were building their business.
And so to these types of folks skin in the game is very important. Because that is how they built their own business. With their own money and own ‘skin in the game’.
Given that me and the founding team of TA Ventures are also from Ukraine, we very much understand this mindset.
Second, we invest in seed stage. These are companies that are very early in what will often end up being a very long life cycle.
With significant skin in the game it is as if you are tying your destinies together long-term. They might need your help years down the road and significant skin in the game ensures that you have the incentives to provide that help.
Lastly, we invest in both the US, Europe and emerging markets like SE Asia and Latin America. In these emerging markets there is often not a very long history of venture capital, so many of the successful founders bootstrapped their businesses.
Therefore when you are forming relationships with these founders you have far more credibility when you have significant skin in the game in your own fund.
Read the full article here: https://lnkd.in/emjBETeE
#venture #venturecapital #investing #investment
🎬 The 15th Odesa International Film Festival has started in Kyiv and will continue until July 20.
The opening ceremony of the festival opened with a moment of silence, with which the guests honored the heroes who died in war in Ukraine. In particular, cinematographers who died as a result of Russian aggression were remembered.
I presented the honorary award from OIFF to the famous British director and screenwriter Mike Figgis, who is this year a member of the jury of the OIFF National competition.
🇺🇦 For the third year now, a full-scale war has been going on in Ukraine. This is a war for our cultural identity in particular. Odesa International Film Festival is an important part of this culture. And despite all the challenges, we will continue to support, develop and strengthen it. Both within the country, and to carry this message globally to the world - before victory and after it.
📣 This year, the 15th Odesa International Film Festival is being held in Kyiv for the first time. From July 12 to 20, screenings of National and International European competition programs, retrospective screenings, screenings of special programs of Ukrainian and European cinema, as well as the professional section of the Film Industry Office and Film Markets will take place.
#film #festival #oiff

