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to or in excess of a billion dollars. B. Team Dynamic & Experience The Founding Partners have 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 manage
ial closing; (iii) the General Partner has determined, in good faith, does not meet the investment objectives of the Fund; or (iv) is to be held by a Special Purpose Investment Fund (as defined below). Peter Thiel and the Thiel Persons (as defined below) are not required to present or offer to the Fund or any Parallel Fund any
he event that either (i) James Fitzgerald or (ii) Andrew McCormack (each, a "Managing Member," and togeth
tnership already holt an eticting interest as of the-date-of-such-proposed-follow on-investment} and; (iv) any investment opportunity to be held by a Special Purpose Investment Fund; (v) any investment opportunity in a portfolio company of a Prior Fund, Successor Fund or Opportunity Fund; and (vi) any investment opportunity offe
he event that either (i) James Fitzgerald or (ii) Andrew McCormack (each, a "Managing Member," and togeth
tnership already holds an existing interest as of the date of such proposed follow-on investment); and (iv) any investment opportunity to be held by a Special Purpose Investment Fund. A "Special Purpose Investment Fund" means an investment fund created by the General Partner or any Affiliated Party to invest in a specified inves
Entities connected to both Prince Andrew and a Special Purpose Investment Fund

United States
LOCATION
Samantha Power
PERSON
Eric Holder
PERSON
Peter Thiel
PERSONthe Securities and Exchange Commission
ORGANIZATION
the Internal Revenue Service
ORGANIZATIONAndrew McCormack
PERSONJames Fitzgerald
PERSON
Wilmington
LOCATIONVALAR
ORGANIZATIONthe Confidential Information
ORGANIZATIONVV Global LP
ORGANIZATIONThiel Capital LLC
ORGANIZATIONNo Limited
ORGANIZATIONValar Ventures LLC
ORGANIZATIONLimited Partner's Capital Commitment
ORGANIZATIONthe Management Fee Percentage
ORGANIZATIONEach Parallel Fund
ORGANIZATIONthe "Limited Partners
ORGANIZATIONPrior Fund
ORGANIZATION