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irm's portfolio companies. John joined Valar from Allen & Company, where he spent 3 years investing in t
ntly outperformed common public market index references, such as the S&P 500.' Of the five major portfolio companies in Valar Fund 1, two (Xero and TransferWise) have already achieved valuations close to or in excess of a billion dollars. B. Team Dynamic & Experience The Founding Partners have a long, vari
of the world has become a much more fertile place for start-ups as the success of companies like Skype, Spotify, Zendesk, Atlassian, Shopify, Xero, TransferWise, Klama, HootSuite and others demonstrate. Moreover, the pool of talent abroad is deep — interestingly, many of the top founders in Silicon Valley ar
Other Key Investors: Khosla Ventures, BoxGroup, Allen & Company VALAR I EFTA00810268 granify Gran
y Valuation at Time of Exit: $2.0B Other Key Investors: Accel, Matrix Capital, Fidelity, Blackstone, TCV VALAR I EFTA00810262 /7TransferWise TransferWise is a peer-to-peer currency exchange service that brings institutional pricing to retail customers by coordinating transfer needs within countries
2,500,000 0 Kalo (Seed) Kalo (Seed Extension) Kalo (Series A) Kalo (A-2) ■ Valar Cost Basis ■ Valar Current FMV VALAR I EFTA00810282 '7 TransferWise Finally, while only 24% of our current Transferwise profits are attributable to follow-on investments in the company, those additional investmen
irm's portfolio companies. John joined Valar from Allen & Company, where he spent 3 years investing in t
references, such as the S&P 500.1 Out of a total 15 portfolio companies where Valar has invested at least $5 million since inception, two (Xero and TransferWise) have already achieved valuations in excess of a billion dollars and three (Breather, N26 and Stash) have already achieved valuations in excess of
Entities connected to both Woody Allen and TransferWise

Prince Andrew
PERSON
United States
LOCATION
Peter Thiel
PERSON
New Zealand
LOCATION
Montreal
LOCATION
Toronto
LOCATION
Hong Kong
LOCATION
Stockholm
LOCATION
United Arab Emirates
LOCATIONthe Securities and Exchange Commission
ORGANIZATION
Amsterdam
LOCATION
China
LOCATIONAllen & Company
ORGANIZATIONSilicon Valley
LOCATION
Georgetown University
ORGANIZATION
Russia
LOCATION
Internal Revenue Service
ORGANIZATION
Thiel Capital
ORGANIZATIONBay Area
LOCATION
University of Pennsylvania
ORGANIZATION