Gerstner: Altimeter invested over 30% of its debut fund into Snowflake
Brad Gerstner · Brad Gerstner: How I Pick Companies; Lessons from Warren Buffet; Chamath vs Gurley | E935 · 20VC with Harry Stebbings · Oct 10, 2022 · at 49:07
Brad Gerstner reveals that Altimeter Capital concentrated over 30% of its initial fund into cloud data company Snowflake when consensus was pessimistic.
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“Our first fund VC won hell. I couldn't even raise it. I was 20 or 25% of the fund. And I put, we put over 30% of that fund in Snowflake at a point in time that the world thought we were crazy.”
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