Epstein Secrets

artner Interests THIS CONFIDENTIAL PRIVATE PLACEMENT MEMORANDUM (THE "MEMORANDUM") HAS BEEN PREPARED SOLELY FOR USE BY THE PROSPECTIVE INVESTORS OF VALAR GLOBAL FUND III LP (THE "FUND" OR THE "PARTNERSHIP") AND SHALL BE MAINTAINED IN STRICT CONFIDENCE. EACH RECIPIENT HEREOF ACKNOWLEDGES AND AGREES

ntly outperformed common public market index references, such as the S&P 500.' Of the five major portfolio companies in Valar Fund 1, two (Xero and TransferWise) have already achieved valuations close to or in excess of a billion dollars. B. Team Dynamic & Experience The Founding Partners have a long, vari

of the world has become a much more fertile place for start-ups as the success of companies like Skype, Spotify, Zendesk, Atlassian, Shopify, Xero, TransferWise, Klama, HootSuite and others demonstrate. Moreover, the pool of talent abroad is deep — interestingly, many of the top founders in Silicon Valley ar

Pre-Money Valuation at Initial Investment: €44.0M Current Company Valuation: €55.8M Other Key Investors: Earlybird Capital, Wellington Partners VALAR I 29 EFTA00810267 Even Even is a financial app that ensures hourly workers always get at least their average pay. By offering consistency, E

y Valuation at Time of Exit: $2.0B Other Key Investors: Accel, Matrix Capital, Fidelity, Blackstone, TCV VALAR I EFTA00810262 /7TransferWise TransferWise is a peer-to-peer currency exchange service that brings institutional pricing to retail customers by coordinating transfer needs within countries

2,500,000 0 Kalo (Seed) Kalo (Seed Extension) Kalo (Series A) Kalo (A-2) ■ Valar Cost Basis ■ Valar Current FMV VALAR I EFTA00810282 '7 TransferWise Finally, while only 24% of our current Transferwise profits are attributable to follow-on investments in the company, those additional investmen

rivate Placement Memorandum Valar Ventures LLC 915 Broadway, Suite 1101 New York, New York 10010 Copy # Issued to: 148264373 vl EFTA00810400 VALAR Private Placement Memorandum Confidential Private Placement Memorandum VALAR GLOBAL FUND IV LP $150,000,000 Limited Partner Interests THIS CONF

references, such as the S&P 500.1 Out of a total 15 portfolio companies where Valar has invested at least $5 million since inception, two (Xero and TransferWise) have already achieved valuations in excess of a billion dollars and three (Breather, N26 and Stash) have already achieved valuations in excess of