The Generalist on DST Global: “DST is a surreptitious power broker. Many of today’s founders may know little about DST Global. That hasn’t stopped it from becoming one of the largest and most influential venture firms in the world, with an estimated $50 billion in assets under management (AUM). Geographical arbitrage has served it well. DST has a knack for identifying a powerful business model, then investing in winners in different countries. In this respect, its approach is not dissimilar to Tiger Global, though the firms differ in meaningful ways elsewhere.”
NYTimes: “At first, Discord was popular only with other gamers. But more than six years later, driven in part by the pandemic, it has exploded into the mainstream. While adults working from home flocked to Zoom, their children were downloading Discord to socialize with other young people through text and audio and video calls in groups known as servers. The platform has more than 150 million active users each month — up from 56 million in 2019 — with nearly 80 percent logging in from outside North America. It has expanded from gamers to music aficionados, students and cryptocurrency enthusiasts.”
