Epstein Secrets

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%/year (subject to step-down) Carry:

nd 1 received 54% of the Fund's capital. The 3 best performing companies in Fund 2 received 52% of the Fund's capital. 3 major investments in Fund 3 have received 42% of the Fund's capital commitments, with 25% still reserved for follow-ons. STASH 1gOctane Fund 1 Fund 2 Fund 3 VALAR 9

ly positioned to identify and access exceptional early-stage investment opportunities across geographies — from the Bay Area to New York to Europe. Andrew McCormack and James Fitzgerald (the "Managing Partners") formed Valar Ventures in 2010 while working at Thiel Capital, Peter Thiel's family office. Peter was

% of each fund's respective capital commitments was close to $1 billion for Fund 1, but only $650 million for Fund 2 and closer to $500 million for Fund 3. Valar intends to employ the portfolio concentration principles outlined above in the operation of Fund 4. Confidential & Trade Secret EFTA0081041

message: From: =/b>Reuben Kobulnik < Subject: .../b>Re: Stash =inancial Date: =/b>February 28, 2019 at 2:43:04 PM =ST To: =/b>Richard Kahn < Cc: Andrew McCormack < Hi Richard, I'm not totally following all of your =uestions, but Valar has not sold any of the equity it has acquired in =tash. Prior to this la

Kobulnik <-> wrote: Hi =ichard, Note that =he 19% ownership from the fall update was an overall ownership level =or all Valar vehicles (although Fund 3 owns by far the biggest stake of =tash). In any event, after this most recent financing that just closed, =und 3 now owns 13.9% of Stash on a fully