Epstein Secrets

Cost Basis: Current FMV: Gross Multiple: Current Company Valuation: Other Key Investors: $5.4M $10.4M 1.9x $99.3M Khosla Ventures, BoxGroup, Allen & Company VALAR / 14 EFTA00810488 Valar Fund 3 / PCITOI 111:IIICC Fund 3 Performance Inception: July 2016 Capital Commitments: $103.9M Current FMV:

e, no financing transactions are planned for 2018; Potential secondary round contemplated in mid-2019. 1 Valar is the largest outside investor in Transferwise, retaining over 12% of the company following last year's partial sale. Bye bye bank fees, hello world Janos...1 m•la. peep. •Prea ..“ Ovid bran,

s & Net): 4.2x / 3.3x IRR (Gross & Net): 35.4% / 29.1% % of Fund Invested / Reserved: 100% DPI: 1.6x Performance Drivers: Xero (95% exited), Transferwise This document is confidential, trade secret, and not for further circulation. This document is informational and is not an offer or solicitation to

g History: In March 2016, Even closed on a $9M Series A financing round, led by Valar Ventures, with participation from Khosla Ventures, Box Group, Allen & Company and others. Company Description: Granify maximizes revenue for online retailers by identifying shoppers that aren't going to buy and changing thei

suite, through internal development as well as through integrations with other startups (e.g., N26 customers make foreign currency transfers using Transferwise inside the N26 app). Offering its customers a wide range of financial products allows N26 to capture a greater share of wallet, and unit economics

ready at its concentration limit). We plan to make our pro-rata available to ow investors through an SPV, similar to those we have put together for Transferwise and Stash in the past. Valar Fund 2 has invested $25.5M in Breather, which is now valued at $42.3M. Fund 2 Highlights Inception: January 2015 C

technology-driven companies across a variety of sectors, as well as providing assistance to the Firm's portfolio companies. John joined Valar from Allen & Company, where he spent 3 years investing in technology, media, and telecom deals, as well as focusing on third party manager sourcing and due diligence as

two (or sometimes three) best investments will receive more than 50% of a fund's invested capital. For example, in Fund I, two companies, Xero and Transferwise, which make up nearly 100% of Fund l's profits, received approximately 54% of Fund I (based on committed capital). Similarly, approximately 52% of