Epstein Secrets

s, Third Prime Capital, Contour VALAR / 19 EFTA00810493 Valar Fund 3 / Performance Drivers Petal Credit Underwriting Without FICO ca\ \GIs:0 VALAR / 20 EFTA00810494 Valar Fund 3 / ['orlon-Imre,' Drivers Petal Updates  Product went live in July with 5,000 cards issued to date. Forecast to

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

VALAR Summer 2017 Update EFTA00810510 VALAR SUMMER 2017 UPDATE Fund 1 Review FUND I PORTFOLIO UPDATE Fund 1 continues to perform well, with a 3.5x n

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

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

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