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ve a long, varied and successful working relationship — Andrew and Peter have been working together since PayPal in 2001, with James joining them at Clarium in 2008. Collectively they have structured and managed investments across a range of sectors and geographies through two major economic cycles. In
nd Slovakia. 4 CONFIDENTIAL 8 TRADE SECRET I C-7 EFTA00609572 PORTFOLIO / BREATHER Breather - Private Office Space on Demand Brier Description Breather operates a marketplace for branded, high- design, private office spaces that fill a need for a short term. quiet place to work. meet or relax. Breat
: We are solely returns focused and can move faster than anyone else 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%/yea
nvestment: $20M Current Company Valuation: $1.7B Other Key Investors: IA Ventures, Andreessen-Horowitz, IVP VALAR I EFTA00810263 *breather Breather operates a network of private, professional meeting rooms designed for work, meetings and to focus. Headquarters: New York City & Montreal Vala
of the "PayPal 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 l
nd to be high-margin businesses focused on massive markets, such as currency transfer (Transferwise), banking (N26, Qonto), commercial real estate (Breather), insurance (Jetty, Coya), investing/retirement savings (Stash), accounting software (Xero), and human resources/compliance software (Kato). Given t
Entities connected to both Clarium and Breather
VALAR
ORGANIZATIONAllen & Company
ORGANIZATION
Woody Allen
PERSON
Prince Andrew
PERSON
Max Levchin
PERSON
Peter Thiel
PERSONValar Ventures Management LLC
ORGANIZATIONTransferWise
ORGANIZATION
Fidelity
ORGANIZATION
New Zealand
LOCATION
Thiel Capital
ORGANIZATIONMenlo Ventures
ORGANIZATIONQonto
PERSONWellington Partners
ORGANIZATION
Montreal
LOCATIONFund 3
ORGANIZATIONGranify
PERSONAndrew McCormack
PERSON
United States
LOCATION
Toronto
LOCATION