Epstein Secrets

VALAR EFTA00810257 We operate like a highly-focused "Special Ops" team, purpose-built to outflank other VCs Our team is deliberately small: Andrew and James are the Investment Committee and meet the companies together. There are no "Monday morning meetings" or partner politics. We can make d

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

in 2013 and is now backed by a broad range of endowments, foundations, institutional wealth managers, family offices and high net worth individuals. Andrew and James are the sole members of the firm's Investment Committee and are responsible for all of the firm's day-to-day operations. The Firm current

% 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

entures, old friends of lames' from their days as lawyers at Skadden Arps. We immediately felt that Jason Guss, the CEO, is a special entrepreneur. Andrew affectionately refers to him as a "Terminator Robot sent from SkyNet." He is one of the most detail obsessed and knowledgeable entrepreneurs we have

remaining capital will be invested in follow-on financings in these existing portfolio companies. So far, Stash has commanded the largest share of Fund 3, with just over 20% of the Fund invested in the company's Series A, Series B, and Series C financings. The big news for Stash is they just raised S

div dir="ltr" class=""> Reuben Kobulnik Operating =artner Valar Ventures LLC 2 EFTA_R1_01855852 EFTA02633234 On Thu, Feb 28, 2019 at 10:32 AM Andrew =cCormack < <mailto » wrote: wrote: Reuben can =elp provide the answers here. May I ask what the purpose =f these one-off questions are? On Feb

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