📄 Extracted Text (634 words)
From:
To: Haydar Haba
Cc: Paul Tuan
Subject: Re: Andra/Tim Draper - Significant Update
Date: Fri, 02 Nov 2018 17:50:27 +0000
Thank you. Will pass along
Sent from my iPhone
On Nov 2, 2018, at 1:40 PM, Haydar Haba > wrote:
Hi Jeff
I wanted to share some significant updates with you. We have partnered with Tim Draper, who is joining our
fund as an anchor investor and fund co-manager. Our cayman master fund name will be "Draper Global"
managed by Andra. We've also upgraded our fund structure to traditional fund structure with paperwork LP
now eliminates the complexity to deal with any token elements.
Draper Global is the first late-stage technology growth fund in the Draper Venture Network, serving as an
extension of the 22 existing network funds. This pairs us with the world's best and most successful brand in
technology investing with the following synergies and advantages:
• Tim Draper as a fund manager, lead investor, and member of our investment committee better enables
us to pick the billion plus winners. Please see the track record of successful exits in our investment deck.
Tim was ranked as #7 in the Forbes Midas billionaire list and one of the most successful tech investors of
all time.
• We will have first access to the Draper Venture Network portfolio companies emerging from Series B
rounds. In the last few years, they have had multiple companies reach billion dollar valuations after they
funded their A and B rounds, including DocuSign, Robinhood and Coinbase.
• Global access and brand with ability to get into the hottest companies anywhere in the world.
• Draper Venture Network provides exclusive corporate development support to our portfolio companies
by assisting them with customer acquisition, market penetration, and exits.
• A network of over 65 technical experts for a comprehensive evaluation of every technology vertical.
Investors participating in our first closing in December will receive a 0.5% reduction in the management fee.
Please find our latest investment deck and PPM that reflect our strategy and terms. We already started with
small deployment Please note that we are hiring Goldman Sachs as our lead book-runner to place $3-5B
starting January 2019 next year. Please let me know if you can come in on this round. Our team will be in NY
next Thursday and Friday (1118-9) if you like to meet. Also we can arrange a call with Tim if that helps with
closing. Are you available for a meeting to discuss our updates and LP terms?
We also started investing and deploying small capital in some amazing late stage growth companies with
potential IPO in 6 months -1 year like Palantir, Uber and others at very large discount from last rounds.
Please let us know your interest we would love to have you as a partner.
<Draper Global - Investor Deck - 2018.10.23.pdf>
EFTA00484600
<Draper Global - Traditional Fund PPM 10-31.pdf>
Regards
Haydar Haba. Managing Partner
Andra Ca ital
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e
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EFTA00484601
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