EFTA00609489Set 9
98p43,056w
Confidential & Trade Secret
EFTA00609495
VALAR 1
Private Placement Memorandum
1. EXECUTIVE SUMMARY
Andrew McCormack, James Fitzgerald and Peter Thiel (the "Founding Partners") formed Valar
Ventures (the "Firm" or "Valor ... share on a several,
but not joint, basis
Investment Committee / lames Fitzgerald and Andrew McCormack
Key Persons
No Fault Termination Yes, at any time by the election of eighty percent ... significant non-compete agreements with Peter, and Peter retains the right to
terminate Andrew McCormack and James Fitzgerald upon the occurrence of certain events constituting
cause.
B. Team Dynamic
Valar
https://www.justice.gov/epstein/files/DataSet%209/EFTA00609489.pdf
EFTA00810400Set 9
74p35,162w
investment
opportunities across geographies — from the Bay Area to New York to Europe.
Andrew McCormack and James Fitzgerald (the "Managing Partners") formed Valar Ventures in 2010
while working at Thiel ... share on a
several, but not joint, basis
Investment Committee / James Fitzgerald and Andrew McCormack
Key Persons
No Fault Termination Yes, at any time by the election of eighty percent ... structure with the highest potential for yielding
outsized venture returns.
C. TEAM BIOGRAPHIES
Andrew McCormack
Andrew is a founder and Managing Partner at Valar Ventures. Andrew's career in technology
https://www.justice.gov/epstein/files/DataSet%209/EFTA00810400.pdf
EFTA00334414Set 9
2015-11-183p510w
From: Lesley Groff
To: Andrew McCormack <I
Cc: James Fitzgerald <
Subject: Re: Valar update
Date: Wed, 18 Nov 2015 15:31:06 +0000
super. Appreciate ... Andrew McCormack < > wrote:
No problem, we'll call at 3pm.
On Nov 18, 2015, at 9:15 AM, Lesley Groff < > wrote:
Good morning Andrew and James. Jeffrey has informed ... Lesley
Sent from my iPhone
On Nov 16, 2015, at 4:23 PM, Andrew McCormack < > wrote:
OK, Wednesday it is. Thanks Lesley
https://www.justice.gov/epstein/files/DataSet%209/EFTA00334414.pdf
EFTA01655747Set 10
2024-01-2922p14,637w
Lebedenko, 48, were charged with wire fraud and money laundering for allegedly defrauding Win McCormack, a
79-year-old political activist and founder of Tin House Books, from ... According to the article, for years,
Sergey Lebedenko worked as a driver for McCormack, and their business relationship soon changed with time and
he and his wife housesat for McCormack ... District
Court of Oregon said. The Lebedenkos charged their services to McCormack's American Express card in the name
of their business, Astra Car Service. However, McCormack did not regularly
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01655747.pdf
EFTA00334411Set 9
2015-11-183p495w
From: Andrew McCormack <I
To: Lesley Groff
Cc: James Fitzgerald <
Subject: Re: Valar update
Date: Wed, 18 Nov 2015 15:30:32 +0000
No problem, we'll call ... Lesley
Sent from my iPhone
On Nov 16, 2015, at 4:23 PM, Andrew McCormack < > wrote:
OK, Wednesday it is. Thanks Lesley ... also! we can keep it!
On Nov 16, 2015, at 4:00 PM, Andrew McCormack < > wrote:
Lesley,
4pm on Wednesday is somewhat better for us, but we can make
https://www.justice.gov/epstein/files/DataSet%209/EFTA00334411.pdf
EFTA00335114Set 9
2015-11-183p480w
From: Lesley Groff
To: Andrew McCormack <I
Cc: James Fitzgerald <
Subject: Re: Valar update
Date: Wed, 18 Nov 2015 14:15:51 +0000
Good morning Andrew and James. Jeffrey ... Lesley
Sent from my iPhone
On Nov 16, 2015, at 4:23 PM, Andrew McCormack < > wrote:
OK, Wednesday it is. Thanks Lesley ... also! we can keep it!
On Nov 16, 2015, at 4:00 PM, Andrew McCormack < > wrote:
Lesley,
4pm on Wednesday is somewhat better for us, but we can make
https://www.justice.gov/epstein/files/DataSet%209/EFTA00335114.pdf
EFTA02067239Set 10
2015-11-184p460w
James Fitzgerald
Fran: Andrew McCormack
Sent Wed 11/18/2015 3:30:32 PM
Subject• Re: Velar update
No problem, we'll call ... Sent from my iPhone
On Nov 16, 2015, at 4:23 PM, Andrew McCormack wrote:
OK, Wednesday it is. Thanks-
On Mon, Nov 16, 2015 at 4:03 PM, wrote ... also! we can keep it!
On Nov 16, 2015, at 4:00 PM, Andrew McCormack wrote:
4pm on Wednesday is somewhat better for us, but we
can make
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02067239.pdf
EFTA02067245Set 10
2015-11-188p535w
Andrew McCormack
Cc: James Fitzgerald
From:
Sent Wed 11/18/2015 3:31:06 PM
Subject Re: Valar update
super. Appreciate it!
On Nov 18, 2015, at 10:30 AM, Andrew McCormack ... Sent from my iPhone
On Nov 16, 2015, at 4:23 PM, Andrew McCormack wrote:
OK, Wednesday it is. Thanks
On Mon, Nov 16, 2015 at 4:03 PM,
wrote ... also! we can keep it!
On Nov 16, 2015, at 4:00 PM, Andrew McCormack
wrote:
4pm on Wednesday is somewhat better for
us, but we can make
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02067245.pdf
EFTA01030418Set 9
2019-03-139p1,332w
EFTA01030420
To: Richard Kahn <
Cc: Andrew McCormack
Richard, if you need more help, let's set up a call. I don't want our team wasting a lot of time ... Subject: Re: Stash Financial
To: Richard Kahn
Cc: Andrew McCormack
Hi Richard,
Pm not totally following all of your questions, but Valar has not sold any of the equity ... Partner
Valar Ventures LLC
On Thu, Feb 28, 2019 at 10:32 AM Andrew McCormack < > wrote:
Reuben can help provide the answers here.
May I ask what the purpose
https://www.justice.gov/epstein/files/DataSet%209/EFTA01030418.pdf
EFTA01032125Set 9
2019-02-286p1,113w
February 28, 2019 at 4:51:35 PM EST
To: Richard Kahn <
Cc: Andrew McCormack <
Richard, if you need more help, let's set up a call ... Subject: Re: Stash Financial
To: Richard Kahn
Cc: Andrew McCormack
Hi Richard,
I'm not totally following all of your questions, but Valar has not sold any of the equity ... Andrew McCormack < wrote:
Reuben can help provide the answers here.
May I ask what the purpose of these one-off questions are?
EFTA01032126
https://www.justice.gov/epstein/files/DataSet%209/EFTA01032125.pdf
EFTA01027134Set 9
2018-06-135p1,210w
From: "Jeffrey E." <jeevacation@gmail.com>
To: Andrew McCormack
Subject: Re: Valar Global Fund IV LP - Draft Subscription Documents "Action Required"
Date: Wed, 13 Jun 2018 12:49:00 +0000
i tried ... through. call me
On Wed, Jun 13, 2018 at 8:44 AM, Andrew McCormack wrote:
Happy to. We are in Berlin today and tomorrow. Call ... tomorw if possible
On Wed, Jun 13, 2018 at 1:50 AM, Andrew McCormack < > wrote:
Close to 1.6x (assuming one deal closes before then
https://www.justice.gov/epstein/files/DataSet%209/EFTA01027134.pdf
EFTA01032136Set 9
2019-02-286p1,153w
February 28. 2019 at 2:43:04 PM EST
To: Richard Kahn <
Cc: Andrew McCormack <
Hi Richard,
Pm not totally following all of your questions, but Valar has not sold ... Andrew McCormack wrote:
Reuben can help provide the answers here.
May I ask what the purpose of these one-off questions ... cell
On Feb 26, 2019, at 6:22 PM, Andrew McCormack > wrote:
Yes.
On Feb 27, 2019, at 12:11 AM, Richard Kahn > wrote:
are we getting diluted from this
https://www.justice.gov/epstein/files/DataSet%209/EFTA01032136.pdf
EFTA01026305Set 9
2018-06-134p1,074w
From: "jeffrey E." <jeevacation@gmail.com>
To: Andrew McCormack
Subject: Re: Valar Global Fund IV LP - Draft Subscription Documents "Action Required"
Date: Wed, 13 Jun 2018 10:46:17 +0000
any info ... slash ipo? and views?
On Wed, Jun 13, 2018 at 1:50 AM, Andrew McCormack > wrote:
Close to 1.6x (assuming one deal closes before then ... number will june show?
On Tue, Jun 12, 2018 at 3:49 PM, Andrew McCormack < > wrote:
Probably 5-10% discount
https://www.justice.gov/epstein/files/DataSet%209/EFTA01026305.pdf
EFTA00974152Set 9
2017-10-253p867w
From: Andrew McCormack <
To: "Jeffrey E." <jeevacation@gmail.com>
Subject: Re: Valar Fund IV deck & PPM
Date: Wed, 25 Oct 2017 14:37:51 +0000
Hi Jeffrey,
Circling back ... check closer to date
On Sat, Oct 14, 2017 at 12:06 PM, Andrew McCormack < > wrote:
Hey Jeffrey,
Circling back to see if there's a date ... late in the month
On Wed, Sep 27, 2017 at 11:32 AM, Andrew McCormack < > wrote:
Hi Jeffrey,
We hope everyone on your team made it through the storms
https://www.justice.gov/epstein/files/DataSet%209/EFTA00974152.pdf
EFTA01029045Set 9
2019-02-065p1,259w
From: J <jeevacation@gmail.com>
To: Andrew McCormack
Subject: Re: Valar Global Fund IV LP - Draft Subscription Documents **Action Required**
Date: Wed, 06 Feb 2019 16:15:29 +0000
Good work ... Andrew McCormack < > wrote:
Yes, we did close the N26 sidecar.
There's a lot of interest in our new funds (we are also raising a later stage vehicle ... close your n26 sidecar
On Wed, Feb 6, 2019 at 8:52 AM Andrew McCormack < wrote:
These are unaudited and still subject review. I would call them estimated 12/31/2018 capital
https://www.justice.gov/epstein/files/DataSet%209/EFTA01029045.pdf
EFTA02068531Set 10
2015-11-162p282w
James Fitzgeral
From: Andrew McCormack
Sent Mon 11/16/2015 8:48:58 PM
Subject Re: Velar update
Confirmed. Thanks
On Mon, Nov 16, 2015 at 3:46 PM, wrote:
Fantastic...Jeffrey ... both then. thanks
On Nov 16, 2015, at 3:45 PM, Andrew McCormack wrote:
Yes, that works for us. Please remind me of the location again ... 18th at
4pm?
On Nov 16, 2015, at 2:09 PM, Andrew McCormack wrote:
Jeffrey,
Is there a time we can catch up this week or next?
thanks,
Andrew
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02068531.pdf
EFTA00987215Set 9
2017-10-143p796w
From: "jeffrey E." <jeevacation@gmail.com>
To: Andrew McCormack
Subject: Re: Valar Fund IV deck & PPM
Date: Sat, 14 Oct 2017 10:07:14 +0000
lets check closer to date ... Andrew McCormack < > wrote:
Hey Jeffrey,
Circling back to see if there's a date at the end of the month that would work for us to update you in person ... late in the month
On Wed, Sep 27, 2017 at 11:32 AM, Andrew McCormack < > wrote:
Hi Jeffrey,
We hope everyone on your team made it through the storms
https://www.justice.gov/epstein/files/DataSet%209/EFTA00987215.pdf
EFTA00716002Set 9
2017-09-273p664w
From: Andrew McCormack <
To: "jeffrey E." <jeevacation@grnail.com>
Subject: Re: Valar Fund IV deck & PPM
Date: Wed, 27 Sep 2017 18:33:23 +0000
Oct 31? We are pretty open. What ... late in the month
On Wed, Sep 27, 2017 at 11:32 AM, Andrew McCormack < l> wrote:
Hi Jeffrey,
We hope everyone on your team made it through the storms ... moment sorry
On Wed, Sep 6, 2017 at 7:52 PM, Andrew McCormack < > wrote:
Would 11am on the 25th work for us to meet
https://www.justice.gov/epstein/files/DataSet%209/EFTA00716002.pdf
EFTA02068490Set 10
2015-11-162p273w
both then. thanks
On Nov 16, 2015, at 3:45 PM, Andrew McCormack wrote:
Yes, that works for us. Please remind me of the location again ... 18th at
4pm?
On Nov 16, 2015, at 2:09 PM, Andrew McCormack a wrote:
Jeffrey,
Is there a time we can catch up this week or next?
thanks,
Andrew ... jeffrey E. wrote:
On Fri, Aug 21, 2015 at 12:33 PM, Andrew McCormack
wrote:
That works for me too. What number shall I call
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02068490.pdf