F1V's Response to Russian's Invasion And Ways To Support Ukraine
Since February 24th, 2022, Russia's war against Ukraine has been going on. The aggressor kills civilians, inflicts constant missile strikes on apartment buildings, shells green corridors, and medical facilities. Today, every Ukrainian is a hero. Our brave people are fighting for the sovereignty of the state. Here is our public position, list of trusted news sources, ways to help, and the actions our team is now taking.
Russia is waging a full-scale war in Ukraine. The aggressor kills civilians, inflicts constant missile strikes on apartment buildings, shells green corridors, and medical facilities.
We are against this brutal war and condemn Russia, which aims to destroy not only our state but also ruin the entire free world. We believe in the victory of Ukraine, in the victory of the democratic world. Ukrainian troops have already proved to the occupiers and the whole world that we have a powerful army and fearless people.
How Does Flyer One Ventures Respond
The main duty of Flyer One Ventures, as an international VC with offices in Kyiv and London, is to protect its team and portfolio companies. Since the first day of the war, we have evacuated our employees from the hottest spots, provided them with accommodation, food, and the necessary medical and humanitarian assistance.
Flyer One Ventures doesn’t invest in startups, which work on the russian market, generate revenues on the russian market, pay taxes in russia and whose founders live in russia.
Now, Flyer One Ventures’ team is actively involved in working with portfolio startups to minimize all negative effects and disruptions caused by the war.
The highest priority is assigned to the following tasks:
optimizing business operational efficiency based on statistical methods of cash flow forecasting;
evaluating and planning activities for each product to maintain or increase its ROI;
prioritizing working concepts;
building a long-term marketing strategy for startups entering or expanding to Western markets
developing brand identity during a crisis.
Our team is working hard to ensure that our startups, affected by the war, can continue operations efficiently and from safe locations.
Trusted Information Sources
Ukraine faced not only military aggression but also an information war and cyberattacks. Fakes can cause panic and destabilize the situation, both inside the country and around the world. To prevent the spread of fake news, here are some of the trusted sources:
—Official Twitter page of the Ministry of Defense of Ukraine;
—Twitter Account of Minister of Foreign Affairs of Ukraine ;
—Ukrainian President's Twitter;
—AIN.
Also, we highly recommend following the official Ukrainian website about the war. The information here is verified by the Ministry of Foreign Affairs of Ukraine
How To Support Ukraine
Our partners from all over the world responded swiftly to the war and took the initiative in providing financial and humanitarian assistance. We are grateful for their donations sent to support the Ukrainian army, help in relocating our staff, information support, etc.
For everyone else who wants to support Ukraine during the war with Russia, here is how to do it:
1. Support the Ukrainian army through the National Bank of Ukraine :
Special NBU Fundraising Account
2. Donate to Ukrainian Military Needs with the largest Foundations:
3. Google for humanitarian aid collection points in your city.
We also ask you to stand up against fakes, spread the word in support of Ukraine, share stories, publicize crimes against civilians, and continue to be as active in the global information space as you are.
Each of us contributes to the victory over the enemy, both in the military and on the information battlefield. We do not give up, and we will fight to the end.
Glory to Ukraine! Glory to the Heroes!
Flyer One Ventures is an early-stage venture capital firm which invests in startups from Europe and North America. Our team is based in Portugal, Poland, Ukraine and other European countries. We already invested in over 60 startups and deployed $35M within 4 years