Epstein Secrets

low-ons Cost basis by sector: • Fintech • Software • Marketplaces • Other Cost basis by geography: • US & Canada • Europe • Australia/New Zealand • Other VALAR EFTA00810242 Results Fund Inception Capital Commitments Current FMV Gross/Net Multiples Gross/Net IRRs DPI % of Fund

EFTA00810239 Valar Ventures Formed in 2010 Spun out of Thiel Capital in 2013 Based in New York City Raising Fund 4, targeting $100M-$150M Anticipated closing December 2017 EFTA00810240 We invest in high margin, f

se in the business. EFTA00810258 Founding Partners James Fitzgerald Skadden, Clarium, Thiel Capital Andrew McCormack Yahoo!, PayPal, Clarium, Thiel Capital EFTA00810259 Fund 4 Terms Raising: $100M-$150M Management Fee: 2.5%/year (subject to step-down) Carry: 20% scaling to 25%/30% at 3x/6x net to i

ing Partners enjoy a strong reputation as venture investors across the world and are particularly prominent in the US, Europe, Canada, Australia and New Zealand, where the Firm has made approximately 40 investments in 20 portfolio companies since 2010. Moreover, Peter is known worldwide in technology circle

r's extensive network of investments and businesses. In that capacity, he worked closely with Founders Fund, Mithril, and Clarium. Prior to joining Thiel Capital, James practiced law for seven years in the New York office of Skadden, Arps, Slate, Meagher & Flom LLP. He received his J.D. from the University of

eter, and ultimately spinning out as a stand-alone strategy with significant capital commitments from outside investors: 2010: Valar Ventures LP, a New Zealand partnership (the "New Zealand Fund), made Valar's if rst investments in New Zealand. Approximately 40% of the capital commitments to the New Zealan

Mafia", and James as a lawyer at a top Wall Street law firm in New York. Then, in 2008, the Managing Partners joined Peter Thiel at Clarium (later Thiel Capital), where they worked closely with many of the rising generation of start-ups and investors, including the founders and senior leadership of Palantir