Skype co-founder invests $132 million in start-ups

Skype co-founder invests $132 million in start-ups
Estonian computer programmer and co-founder of Skype, Jaan Tallinn, has confirmed that he has invested $132 million of his personal wealth into start-ups around the world.

Talking to American media outlet CNBC, Tallinn said that he had invested in "100 to 200" companies out of which a hundred are still "alive and kicking". Tallinn is currently investigating in one new start-up a month, with the amount varying between $500,000 to a few millions.

The tech entrepreneur is focusing on companies that have AI at the core. He is one of the early profiteers of DeepMind along with Elon Musk and Peter Thiel. DeepMind was acquired by Google in 2014 for $600 million.

Tallinn has also invested in multiple university labs including Oxford's Future of Humanity Institute.

Skype sold for a record $2.6 billion to eBay in 2005. At the time it was the largest global tech-exit. Skype was sold to Microsoft for $8.5 billion in 2011.