Tech Peek Base

A controversial comment on Hacker News makes us wonder if hot U.S. startups are the new vanity purchase for rich Russians.

We weren’t the only ones surprised earlier this year when Facebook raised a new round of financing at a $10 billion valuation. Facebook itself apparently held its nose as it closed the round, but Russian investment group Digital Sky Technologies was offering a far richer valuation than anyone else (and, importantly, they didn’t require a board of directors seat).