EFTA00292375.pdf

A Andra DRAPER ANDRA GLOBAL pre-IPO Silicon Valley companies EFTA00292375  A Andra Capitol EXECUTIVE SUMMARY Draper Andra Global is a late-stage Silicon Valley technology growth allocation fund • 30%+ target IRR returns, comparable to top-tier VCs Democratizing venture capital by giving private investors access to the strongest portfolio companies of leading venture investors Co-invest alongside the largest Silicon Valley VC firms in growth-stage technology companies Liquidity Feature: Optional periodic redemptions of realized gains without the typical 7-10 year hold Illustrative Target Investment Positions Global Indices IRR 40% (10-year average) 'wish gPalantir tyf stripe FUND TAEGU, AR - 00X• airbnb SoFi GitHub )D)MAROETA coinbase 0 20% ZocDoc Woomenergy dji slack 10% VCS%tWk magic DiDi 4% 6% Eventbeite leap 1)4 4"1 COHEgITY -4% -2% Sums° 0% HS! U11341 SSE 1.141431 loci To 5% Quactilt US VC a"--446 pr9ARLIS Affirm CD Couchbase US VC Average IRR for the indices represents years 2007 — 2016. Average IRR for the Median, Top Quartile, and Top 5% US VC's represents years 2007 — 2014 (Source: Cambridge Associates). 2 EFTA00292376  A Andra Capital THE OFFERING Inception Q3 2018 Offering Up to US $1 Billion Investment Objective Long-term capital appreciation and optional periodic liquidity for investors Target Return 30%+ IRR Targeted Investment Strategy Draper Andra Global allocates 80% of funds toward aggressive investments in leading private, late stage US technology companies. The aim is to distribute the balance of funds amongst active investments in earlier stage international companies where Andra Fund partners have domain experience. This portfolio approach is intended to produce a reduced-risk, high-reward model for investors. Pro forma Allocation 80% Late-stage/Growth Investments / 20% Discretionary/Structured investments Minimum Investment $5,000,000 Management Fee 3% Management Incentive 20% management carried interest to Advisor Fund Life Perpetual 3 EFTA00292377  A Andra Capital WINNING STRATEGY PRODUCES IPOs • Top 10% decile VCs of invested capital results in SEQUOIA*CAPITAL' greylockpartners. >60% of the exit distributions KPCB BENCHMARK • Andra Fund will monitor investment activities of top ACCEL C•P I T A VCs to identify fast growing, late-stage companies non 9 BESSEMER ANDREESSEN HOROWITZ a DRAPER • Andra Fund will make direct investments in these BV NEA. ASSOCIATES companies via participation in primary VC-led rounds and secondary transactions • Andra Fund team and advisors have a history of direct access and relationships with these target 2,2 Dropbox G Spotify companies • Founders or employees of target companies can SPACE ,‘ Palantir wework achieve partial liquidity by selling their shares directly to the Andra Fund Moomenergy *slack coinbase • Andra Fund will build a diversified portfolio of these airbnb 19A rip companies Hotel Tonight Doceirk; Eventbrite Note: Indicative companies that meet (or met prior to IPO) Andra's screening criteria. 4 EFTA00292378 I INVESTMENT TEAM EFTA00292379  A Andra Capital TEAM Tim Draper Haydar Haba Visionary Investor Venture Capitalist & General Partner Serial Entrepreneur General Partner )- Founding partner of leading venture capital > 20+ years of building successful companies firms Draper Associates and DFJ with disruptive technologies that have )- Venture successes include Skype, DocuSign, generated billions in revenue Overture, Baidu, Tesla, SolarCity, Cruise, > Founded and built IntelePeer, raising Parametric Technology, Hotmail, Digidesign, millions of dollars in VC and growing revenue SpaceX, Robinhood, Twitch.tv, Coinbase and to over $150mm hundreds of others > Founded Telco214 from launch to revenue of over $100 million )- Ranked 52 on the list of the 100 most influential Harvard Alumni, and seven on the > Board member/advisor for several tech companies Forbes Midas List. Named Always-On #1 top > With deep knowledge on global cloud-based venture capital deal maker platforms and technologies, he has been > Awarded the Commonwealth Club's featured in print, broadcast, and online media Distinguished Citizen Award for achievements in across the globe 1 green and sustainable energy DRAPER ASSOCIATES ADFJ 9IntelePeer IneOcuclannsicatorsCentyy 6 EFTA00292380  A Andra Capital TEAM Paul Tuan Gabe Turner Managing Director General Partner >- $10 billion of M, capital raises, bonds, and private )- Executive Director of Draper Venture Network, a spin-out from VC firm DFJ which grew to 20+ top performing regional VC firms placement transactions )- Former management consultant with Deloitte's Strategy & >- Over 10 years of investment banking and venture capital experience at BAML, Jefferies, US Bancorp, MVP Operations practice. Served as an independent advisor to the Bill & Melinda Gates Foundation Capital, and White Oak > Sits on Selection Committee of HBS Angels and Technology *WHITE. OAK la"ussea Jefferies Crabancorp Advisory Board of Delta Air L DRAPER BILL eatvAtitar st Deloitte A DELTA -47 ASSOCIATES Roman Glukhovsky Nicole DeMeo General Partner 4 Chief Marketing Officer 20 years in investment banking, venture capital and VC )- Silicon Valley veteran, 20+ years accomplished business funded companies at Lehman Brothers, Banc of America launch, growth and turnaround expert Securities, Morgan Stanley, and Kernel Capital C-level contributor and go-to-market strategist creating > 24+ direct and secondary technology investments with significantly increased valuations, acquisitions and IPOs co-investors such as Founders Fund, 500 Startups, SGE, >- Marketing strategist for Steve Jobs, Eric Schmidt and Carly State of NY, Microsoft, and Motorola Fiorina; Apple, HP and Accenture; Glispa; Earlybird Venture Capital, The September 11th Fund, New York Community Trust Banc ()filmed= Securities MorgaiiStanley LEHMAN BROTHERS The September h Fund accenture glispa 7 EFTA00292381  A An dra Capital TEAM HAS CLOSED 300+ VENTURE DEALS CALYPSO mongo I Linden Lab 9.1Desk facebook ;#O POSTMATES coverity® ZocDoc zuora cloudera Lwilter# IntelePeer VIRTUAL Silverpfiorff zi SolarCity. INSTRUMENTS ifzynga Dropbox conduit s nMarkLogic• KXAPPIRIO LinkedMI ';;;? Lookout MEMORY 0 PURESTORAGE 0 FLURRY mobitvinc. r SUGAR Oda JAWBONE PROSPERP Jumptap Palantir eHarmony wish GILT hayneedle OLifeLock. Avvo. -v" fAki2 13.99.! 8 EFTA00292382  A A'dra Capital WORLD-CLASS SERVICE PROVIDERS DLA PIPER Deloitte Legal Counsel Auditor DUFF&PHELPS APEX Compliance & Valuation Fund Adrnin s EFTA00292383 rw INVESTMENT STRATEGY We select among the leading companies from Tie, venture capital firms — to achieve high returns with a reduced risk profile EFTA00292384  A Andro Capitol INVESTMENT APPROACH General Startup Life Cycle nine EFTA00292385  A Andra Capitol INVESTMENT PROCESS ANDRA FUND'S PORTFOLIO 10 Selecting from over 400 pre-IPO companies relevant tech sectors Andra Fund will target 20-40 opportunities Companies valued at Visionary Portfolio of tier 1 VC Top 3 in industry over $500mm management focused investments vertical on growth EFTA00292386  A Andra Capital INVESTMENT APPROACH • Diversified exposure into promising high- growth private companies IPO • Investment anchored last institutional priced primary round Growth/Price Fund Investment • Co-invest alongside top-tier venture Point capital investors • Can provide higher success ratios than traditional early stage venture capital funds Time 13 EFTA00292387  A Andra Capitol TRIPLE APPEAL IN DEAL SELECTION • The largest appreciation capture opportunity now comes prior to the initial public offering • Changes to VC ecosystem have fragmented an asset class traditionally only accessible via top tier VCs and unavailable to new LPs • The ability to access the best venture opportunities is now based largely upon strength of the local network in the entrepreneur ecosystem Late-stage private tech • Nontraditional funding sources have an companies ($500mm+) opportunity to invest at an advantaged time in companies' life cycles 14 EFTA00292388  A Andra Capital INVESTMENT TIMING AND PRICING 12x Andra Fund's Investment Point 10x 8x w 6x —6—Preferred cc —0—Common w cc 4x 2x YEARS 1 2 3 4 5 6 7 8 9 10 The differential in price between the value of common stock and preferred stock decreases over time as a potential company approaches an exit event. Andra Fund strategically selects the most attractive share class to take advantage of the price spreads. 15 EFTA00292389  A An dra Capital PROPRIETARY DEAL FLOW ECOSYSTEM Founders and early Successful Entrepreneur company employees with substantial equity positions Service Providers I and IPO attorneys, s, payroll, tax and benefits consultants Looking to liquidate or Companies looking to Early Stage Corporate fund share buyback to pare down outsized Venture Funds appreciated positions Retirement Plan facilitate employee Clients liquidity Key Angel Late-stage investments Key strategic partners that mature outside Advisory Board Investors with contacts within their investment thesis Members target companies Private Wealth Management Clients I Entrepreneurs who wish to diversify out of a concentrated position Private Secondary Brokers Contacts that are active in trading or sourcing private stock 16 EFTA00292390  A Andra Capital INVESTMENT UNIVERSE 6 million Private companies in the US 100,000 With revenues of $20MM+ 20,000 In the relevant sectors 1,000 Companies valued $100MM +400 Backed by tier 1 VCs 20-40 companies in the Andra Capital portfolio EFTA00292391  A Andra Capital TRADITIONAL VC PORTFOLIO STRUCTURE VC Fund LLC Management GP -E- COMPANY COMPANY 2 COMPANY 3 COMPANY 4 COMPANY 5 COMPANY 6 COMPANY 7-20 Series A Series A Series A Series A Series A Series A Series A I COMPANY 1 COMPANY 2 COMPANY 3 COMPANY 4 COMPANY 5 COMPANY 6 Series B Series B Series B Series B Series B Series B I I COMPANY COMPANY 2 COMPANY 3 COMPANY 4 ■ On average, a traditional early Series C Series C Series C Series C stage VC fund will make —20 I investments COMPANY -1 Acquired: Series D 3x return ■ One investment will provide all ■ Traditional firms suffer from the profits of the firm, one or two extremely high Beta to other investments may profit or IPO: generate returns break even, and the remainder 10x return will stagnate and/or lose all of ■ Every investment needs the the investment potential to be a grand slam 18 EFTA00292392  A Andra Capital ANDRA FUND PORTFOLIO STRUCTURE Denotes Andra's Andr investment timing Andra Capital GP COMPANY 1 COMPANY 2 COMPANY 3 COMPANY 4 COMPANY 5 COMPANY 6 COMPANY 7 COMPANY 8 Series A Series A Series A Series A Series A Series A Series A Series A COMPANY 1 COMPANY 2 COMPANY 3 COMPANY 4 COMPANY 5 COMPANY 6 COMPANY 7 COMPANY 8 Series B Series B Series B Series B Series B Series B Series B Series B COMPANY 1 COMPANY 2 COMPANY 3 COMPANY 4 COMPANY 5 COMPANY 6 COMPANY 7 Acquired: Series C Series C Series C Series C Series C Series C Series C 1.5x return COMPANY .1 COMPANY 2 COMPANY 3 COMPANY 4 COMPANY 5 IPO: Series D Series D Series D Series D Series D 4x return COMPANY COMPANY 2 IPO: Acquired: IPO: Series E Series E 3x return 2x return 5x return IPO: Acquired: ■ Andra Fund invests in companies at a later stage; allowing for greater 2x return 3x return certainty for a return and a larger portion of the portfolio to monetize 19 EFTA00292393  A Andra Capital INVEST IN FASTEST GROWING COMPANIES 0 Palantir lyA &airbnb 0 UBER wework PA C DiDi Eventbrite rta TOUTIA0 Eitoomenergy coinbase CD/ unity 16gedzoonr stripe slack TounAo nCe anaplan Affirm -ea lir Nextdoor robinhood magicI leap Z uora ..qualtrics ANAT oscar lisnux 00 OTANIUM- trp SQUARESPACE gi Lookout crewoKarma Pracocer,,,,, carbon inmosr ito Kabbage ,c1ru,taccatt progus• HIGHTAIL AAJISh /OVA NT APT TUS 471 I ► houzz 7githpb sunrun 090 S. 4111 actifio Radically Sim* EVEASJOTE infor SoFi thurnbtaa CUMWMWM WM WI 3 "Illustrative potential investment opportunities 20 EFTA00292394 APPENDIX EFTA00292395  A Andra Capital TIM DRAPER • Tim Draper is founding partner of leading venture capital firms Draper Associates and DFJ • Tim's original suggestion to use viral marketing in web-based email to geometrically spread an Internet product to its market was instrumental to the successes of Hotmail, YahooMail, and Gmail and has been adopted as a standard marketing technique by thousands of businesses • Venture successes include Skype, DocuSign, Overture, Baidu, Tesla, SolarCity, Cruise, Parametric Technology, Hotmail, Digidesign, SpaceX, Robinhood, Twitch.tv, Coinbase and hundreds of others • As an advocate for entrepreneurs and free markets, Tim is regularly featured as a keynote speaker in entrepreneurial conferences throughout the world, has been recognized as a leader in his field through numerous awards and honors, and has frequent TV, radio, and headline appearances • He was ranked 52 on the list of the 100 most influential Harvard Alumni, and seven on the Forbes Midas List. He was named Always-On #1 top venture capital deal maker. He was awarded the Commonwealth Club's Distinguished Citizen Award for achievements in green and sustainable energy 22 EFTA00292396  A Andra Capital HAYDAR HABA • Recognized internationally for his technological vision, and is a respected thought leader throughout the Internet and Telecom industries for his accomplishments as business leader and innovator • Serial entrepreneur with over 20 years of experience building a string of successful companies with disruptive technologies that have generated billions of dollars in revenue • Founded and built IntelePeer, Telco 214 and others from inception to exit, raising millions of dollars in Venture Capital • Founder and CEO of IntelePeer, and led the company from inception to over $150 million a year in revenue • Previously, he was the Founder and CTO of Telco214 where he built the company from launch to over $100 million in revenue • With deep knowledge and opinions on global cloud-based platforms and technologies, he has been featured in print, broadcast, and online media across the globe • Significant experience on technology company boards as a member or advisor, as well as IPO experience • Completed course work in Electrical Engineering and holds Bachelor of Science and Master's degrees from Florida Institute of Technology. He has several patents to his name 23 EFTA00292397  A Andra Capital LEGAL DISCLAIMER THIS PRESENTATION HAS BEEN PREPARED SOLELY FOR USE BY PROSPECTIVE INVESTORS OF ANDRA FUND (THE 'FUND") AND SHALL BE MAINTAINED IN STRICT CCNFIDENCE. ANY REPRODUCTION OR DISTRIBUTION OF THIS PRESENTATION, IN WHOLE OR IN PART, OR THE DISCLOSURE OF ITS CONTENTS, WITHOUT THE PRIOR WRITTEN CONSENT OF TI-E FUND'S GENERAL PARTNER OR MANAGEMENT COMPANY, IS PROHIBITED. THIS PRESENTATION WILL BE RETURNED TO TI-E GENERAL PARTNER OR MANAGEMENT COMPANY UPON REQUEST. THE EXISTENCE AND NATURE OF ALL CONVERSATIONS REGARDING TI-E FUND MJST BE KEPT CONFIDENTIAL. THIS PRESENTATION HAS BEEN PREPARED IN CONNECTION WITH A PRIVATE OFFERING TO ACCREDITED INVESTORS CF LIMITED PARTNERSHIP INTERESTS IN TI-E FUND (TI-E INTERESTS"). EACH INVESTOR WILL BE REQUIRED TO EXECUTE A LIMITED PARTNERSHIP AGREEMENT (OR SIMILAR OPERATING AGREEMENT), AND A SI FICCRIPTICN AGREEMENT TO EFFECT AN INVESTMENT. IF ANY OF THE TERMS, CONDITIONS OR OTFER PROVISIONS OF SUCH AGREEMENTS ARE INCONSISTENT WITH OR CONTRARY TO THE DESCRIPTIONS OR TERMS IN TI-IS PRESENTATION, SUCH AGREEMENTS SHALL CONTROL. THIS PRESENTATION DOES NOT CONSTITUTE AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO BUY, AN INTEREST IN ANY JURISDICTION IN WHICH IT IS UNLAWFU_ TO MAKE SUCH AN OFFER OR SOLICITATION. NEITHER THE U.S. SECURITIES AND EXCHANGE COMMISSION NOR ANY OTHER FEDERAL, STATE CR FOREIGN AGENCY HAS APPROVED AN INVESTMENT IN THE FUND. FURTHERMORE, TI-E FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS PRESENTATION. IT IS THE RESPONSIBILITY CF ANY PERSON OR ENTITY WISHING TO PURCHASE AN INTEREST TO SATISFY HIMSELF, FERSELF CR ITSELF AS TO THE FULL OBSERVANCE OF THE LAWS OF ANY RELEVANT TERRITORY IN CONINECTICN WITH ANY SUCH PURCHASE, INCLUDING CBTAINING ANY REQUIRED GOVERNMENTAL OR OTHER CONSENTS OR OBSERVING ANY OTFER APPLICABLE FORMALITIES. THE INTERESTS HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS OR THE LAWS OF ANY FOREIGN JURISDICTICN. TFE FUND WILL NOT BE REGISTERED AS AN INVESTMENT COMPANY UNDER THE U.S. INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE "COMPANY ACT"). CONSEQUENTLY, INVESTORS WILL NOT BE AFFORDED THE PROTECTIONS OF THE COMPANY ACT. THE FUND'S INVESTMENTS WILL BE CHARACTERIZED BY A HIGH DEGREE OF RISK, VOLATILITY AND ILLIQUIDITY. CERTAIN INFORMATION CONTAINED FEREIN HAS BEEN OBTAINED FROM OTFER PARTIES. WHILE SUCH SOURCES ARE BELIEVED TO BE RELIAFLI F, NEITHER THE FUND, THE GENERAL PARTNER, THE MANAGEMENT COMPANY, NOR THEIR RESPECTIVE AFFILIATES ASSUME ANY RESPONSIBILITY FOR THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION. THE INFORMATION SET FORTH IN THIS PRESENTATION DOES NOT PURPORT TO BE COMPLETE AND NO OBLIGATION TO UPDATE OR OTHERWISE REVISE SUCH 'INFORMATION IS BEING ASSUMED. A PROSPECTIVE INVESTOR MJST RELY SOLELY ON THE TERMS OF, AND DISCLOSURE OF INFORMATION IN THE FUND'S GOVERNING DOCUMENTS; THE ONLY BASIS ON WHICH SUBSCRIPTIONS MAY BE MADE. IN CONSIDERING THE PRIOR PERFORMANCE INFORMATION OF THE INDIVIDUAL INVESTMENTS CONTAINED HEREIN, PROSPECTIVE INVESTORS SHOT I I) BEAR IN MIND THAT PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS, AND THERE CAN BE NO ASSURANCE THAT TFE FUND WILL ACHIEVE COMPARABLE RESULTS. CERTAIN STATEMENTS IN THIS PRESENTATION CONSTITUTE FORWARD-LOCKING STATEMENTS. SUCH FORWARD-LOOKING STATEMENTS, INCLUDING THE INTENDED ACTIONS AND PERFORMANCE OBJECTIVES CF THE GENERAL PARTNER, THE MANAGEMENT COMPANY OR THE FUND REFERENCED FEREIN, INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES, AND OTHER IMPORTANT FACTORS THAT COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE, CR ACHIEVEMENTS OF THE GENERAL PARTNER, THE MANAGEMENT COMPANY OR THE FUND TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE, OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. 24 EFTA00292398 750 Battery Street, 7th Floor San Francisco, CA 94111 EFTA00292399