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EarlyBird

0 statements across 0 episodes · 3 bullish · 1 bearish · 1 people on the record · first statement Nov 20, 2024 by Cem Sertoglu · across every show →

Everything said about EarlyBird, oldest first

Nov 20, 2024 positive
Disclosure
Sertoglu: Earlybird returned 3-4x its fund via UiPath secondaries before IPO
“We were still the largest shareholder going into the IPO in the company but you know, we had also realized you know, already, I think Three, four times the fund at that point.”
Cem Sertoglu Nov 20, 2024 ▶ 48:16 Cem Sertoglu: Lessons from the Greatest Venture Investment in European History | E1228 · 20VC with Harry Stebbings
Nov 20, 2024 negative
What-if
Sertoglu: Earlybird should have participated in Sequoia's $3B UiPath round
“In hindsight, we should have participated in that three billion dollar round by Sequoia.”
Cem Sertoglu Nov 20, 2024 ▶ 52:12 Cem Sertoglu: Lessons from the Greatest Venture Investment in European History | E1228 · 20VC with Harry Stebbings
Nov 20, 2024 positive
Disclosure
Sertoglu: Earlybird sold UiPath secondaries at a premium to primary rounds
“I mean, our secondaries were all at a premium to the primary round. So there was, each round was so oversubscribed that we were able to actually sell at a premium our share class you know, shares that are at a lower class on the liquidation stack.”
Cem Sertoglu Nov 20, 2024 ▶ 47:44 Cem Sertoglu: Lessons from the Greatest Venture Investment in European History | E1228 · 20VC with Harry Stebbings
Nov 20, 2024 neutral
Disclosure
Sertoglu: Earlybird passed on UiPath's $3B round and began divesting at $7B
“Then when Sequoia led the three billion dollar next round, we sat it out. We did not participate. And then when the seven billion valuation series C happened. Was it C or C or D? I can't remember. But then we started to carefully divest.”
Cem Sertoglu Nov 20, 2024 ▶ 46:24 Cem Sertoglu: Lessons from the Greatest Venture Investment in European History | E1228 · 20VC with Harry Stebbings
Nov 20, 2024 positive
Disclosure
Sertoglu: All five recent Fund Three investments are AI companies
“So, of course, every investment we've made out of Fund Three, the last five investments, are all, in one way or another, AI companies.”
Cem Sertoglu Nov 20, 2024 ▶ 59:24 Cem Sertoglu: Lessons from the Greatest Venture Investment in European History | E1228 · 20VC with Harry Stebbings
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