• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Exclusive

An hour in the Oval Office with President Trump.

An hour in the Oval Office with President Trump.

An hour in the Oval Office with President Trump.

An hour in the Oval Office with President Trump.

An hour in the Oval Office with President Trump.

An hour in the Oval Office with President Trump.

An hour in the Oval Office with President Trump.

An hour in the Oval Office with President Trump.

An hour in the Oval Office with President Trump.

An hour in the Oval Office with President Trump.

NewslettersTerm Sheet

A Ukrainian VC with employees in Russia surveys the damage of Putin’s war

By
Mark Pavlyukovskyy
Mark Pavlyukovskyy
Down Arrow Button Icon
By
Mark Pavlyukovskyy
Mark Pavlyukovskyy
Down Arrow Button Icon
March 11, 2022, 12:30 PM ET

Over the last few months, my friends and colleagues have been asking about the situation in Ukraine. Each time, I calmly explained that Russia President Vladimir Putin was just saber rattling, likening the situation to North and South Korea or Taiwan and China. But on February 24, as we were wrapping up a general partner meeting at NZVC, the venture capital firm I run in New Zealand, my partner Ajay informed us that a full-scale invasion of Ukraine had begun. At first, I thought he was joking. Surely this was an exaggeration of the Western media. I started to feverishly text friends and family in Ukraine and Russia and began scrolling local Telegram channels. That’s when I saw videos of air raid sirens, explosions, and Russian columns moving across the border in Kiev and Kharkiv. I froze, and a feeling of loss came over me. 

Though I currently live in New Zealand, I was born and raised in Ukraine, and I have family, friends, and colleagues there. I’m proud of the country Ukraine has become over the last 30 years.

Born nine months before the dissolution of the Soviet Union, my life trajectory has closely mirrored that of the new nation. The early years of my life were unstable—my mother and I came to the U.S., and moved so frequently I would never spend more than two years at a single school. As Ukraine developed new infrastructure, social programs, and jobs, I was attending Princeton and starting my first company. After exiting my first company, Piper, I founded Learn With Mochi, an edtech startup to teach kids ages 3-6 coding without resorting to addictive screens. We decided to go remote-first (in what turned out to be a wise pre-COVID decision), hiring more than half of our designers and developers in Ukraine, Russia, and Kazakhstan. Their standard of living was high. When I sent my mom photos of one team member’s home renovation, she thought it was somewhere in New York or San Francisco—rather than a block away from where she used to work. 

Mark Pavlyukovskyy (center) with his friend Alex Vilchinskiy (right) in kindergarten in Kharkiv. Age 6
Mark Pavlyukovskyy (center) with his friend Alex Vilchinskiy (right) in kindergarten in Kharkiv at age 6
Courtesy of Mark Pavlyukovskyy

The war has thrown away everything that people in both countries have worked so hard for. In Ukraine, our Learn With Mochi engineers and designers have been hiding in bomb shelters and basements, others evacuating to Europe and Turkey, and some, like my best friend from kindergarten, Alex Vilchinskiy, (pictured) decided to take up arms and defend the country. It’s the same across a few of our portfolio companies, like Deck Robot, which recently closed a funding round and had to evacuate most Ukrainian employees. I have been calling friends and family every night, trying to help evacuate them and connecting them with friends across Europe who have offered their homes. 

In Russia, none of our employees can be paid now: nearly every payment service provider has cut off ties with the country. No educated person I know supports the war, and many who can are leaving the country in fear of a mass military mobilization and draft. Unfortunately, Ukraine has stopped allowing men to leave the country, and very few countries continue to have flights and issue visas for Russians. Most people who didn’t leave in the first few days of the invasion are stuck. Most of our Learn With Mochi team still has an internet connection and are working with the rest of the team. They say that staying in touch with us and continuing to work helps to soothe and distract them from the insanity outside their homes. 

At some point, you realize that no matter how much you analyze the situation and weigh how destructive and pointless it is, you can personally do very little. But here’s what I can do: Evacuate friends who are in a position to leave, and want to; motivate my team; and continue hitting our company goals. This may seem small and insignificant in light of everything, but I’m afraid that, without these actions, we will all lose hope given how helpless we feel in the face of a terrible reality.

Looking back, my friends were right to be worried in the days leading up to the invasion. Being too close to the situation made me biased towards predictions of peace. The same is true for everyone I spoke with in Ukraine and Russia; no one could fathom that Putin would instigate a full-scale invasion. To date, this madness has completely destroyed Kharkiv, the city in which I was born, and it is only just beginning. Putin is threatening nuclear war, and it has become the most dangerous situation that the European continent—and possibly the world—has experienced in the last 30 years. 

Mark’s friend Alex (right) 26 years later at a military training center getting ready for combat.
Mark’s friend Alex (right) 26 years later at a military training center getting ready for combat.
Courtesy of Mark Pavlyukovskyy

Those who also want to offer support can hire Ukrainian and Russian citizens and sponsor their move to the U.S., Canada, Europe, Australia, and New Zealand. Some of the best talent is fleeing amid the humanitarian crisis, and they are looking for stability abroad. For many, this unplanned relocation is scary and traumatic. Hiring, relocating, and integrating Ukrainian and Russian talent into Western companies is one way the rest of us could help in a small way. I’ve partnered with colleagues here in New Zealand to help companies recruit, hire, and relocate talent by connecting them to companies in New Zealand, US, Canada, and Australia. If you or your company would like to register your interest and find candidates across different sectors please leave your details here.

A situation like this will usher an even larger exodus from both countries of people who can work remotely. If all you need to work is a computer and an internet connection, you have the freedom to choose a place that is least likely to experience war, conflict, and instability. In our digital world, a country’s strength will be measured not by how many tanks or nuclear missiles it has, but by the number of wifi hotspots, the location of its beaches, and the quality of its schools and universities. Putin is fighting yesterday’s ideology-based war, and I believe he will lose—and the rest of the free world will win—because of this fundamental miscalculation.

In the meantime, we can continue to create value for our fellow human beings and hope that human resilience and ingenuity in the face of utmost adversity continues to be what defines our character. As a founder and venture investor, I am trained to look for the upside scenarios—everything that can go right, rather than everything that can go wrong. So while the world appears bleak now, I am making a bet that we will emerge stronger than before, and that our character will prevail. 

Mark Pavlyukovskyy, a partner at NZVC and founder of companies Learn with Mochi and Piper, was born and raised in Kharkiv, Ukraine. He gives special thanks to Ajay Gupta, Daria Zhao, Iryna Pentina, Maxim Manakov, Sara Li, Jared Griffin, Sukriti Chadha and Conor Myhrvold for their suggestions and edits.

This guest essay appeared in Friday’s edition of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox.

About the Author
By Mark Pavlyukovskyy
See full bioRight Arrow Button Icon

Latest in Newsletters

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Newsletters

US President Donald Trump speaks before signing an executive order in the Oval Office at the White House in Washington, DC, as Commerce Secretary Howard Lutnick looks on.
NewslettersCFO Daily
Trump’s new corporate playbook: Why the administration is taking equity stakes in companies like Intel
By Sheryl EstradaMay 18, 2026
49 minutes ago
A panel on Gen Z workers sit alongside Fortune's Kristin Stoller at the Fortune Workplace Innovation Summit.
NewslettersFortune Workplace Innovation
AI in the workplace is stumbling. Fortune’s Workplace Innovation Summit will dive in to why
By Kristin StollerMay 18, 2026
54 minutes ago
Wallet makers are the quiet backbone of the crypto industry. Now they want to be banks
NewslettersFortune Crypto
Wallet makers are the quiet backbone of the crypto industry. Now they want to be banks
By Jeff John RobertsMay 18, 2026
2 hours ago
Trump’s leadership model has a succession problem
C-SuiteNext to Lead
Trump’s leadership model has a succession problem
By Ruth UmohMay 18, 2026
3 hours ago
Inside Trump’s vision of America as a shareholder in U.S. companies: ‘I should have asked for more’
NewslettersCEO Daily
Inside Trump’s vision of America as a shareholder in U.S. companies: ‘I should have asked for more’
By Diane BradyMay 18, 2026
3 hours ago
SpaceX COO Gwynne Shotwell in Barcelona, Spain on March 2, 2026. (Photo: Angel Garcia/Bloomberg/Getty Images)
NewslettersFortune Tech
What to expect from a SpaceX IPO
By Andrew NuscaMay 18, 2026
4 hours ago

Most Popular

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
AI
Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
By Jake AngeloMay 16, 2026
2 days ago
The top foreign holders of U.S. debt may soon dump Treasury bonds and bring their money back home, potentially spiking borrowing costs
Economy
The top foreign holders of U.S. debt may soon dump Treasury bonds and bring their money back home, potentially spiking borrowing costs
By Jason MaMay 17, 2026
20 hours ago
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
6 days ago
'No one was coming to save me': How Reese Witherspoon built a $900 million company from a problem Hollywood wouldn't fix
Success
'No one was coming to save me': How Reese Witherspoon built a $900 million company from a problem Hollywood wouldn't fix
By Sydney LakeMay 17, 2026
1 day ago
SpaceX heads into a record-shattering IPO with the 'deepest moat that exists today' as investors vow to 'never bet against Elon'
Innovation
SpaceX heads into a record-shattering IPO with the 'deepest moat that exists today' as investors vow to 'never bet against Elon'
By Jason MaMay 16, 2026
2 days ago
Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 
Politics
Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 
By Jason MaMay 16, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.