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Altimeter Capital

also referred to as: altimeter

13 statements across 1 episodes · 7 bullish · 1 bearish · 1 people on the record · first statement Mar 15, 2022 by Brad Gerstner · said 30 times in 5 episodes since 2021 · across every show →

Mentions by year

brought up most by Ben Gilbert (14), David Rosenthal (8), Brad Gerstner (8)

tap a year for its mentions
00151302202120222023episodesmentions
012202120222023episodes it came up in
007.51152202120222023episodesmentions per episode
2023 1 mention in 1 episode
2022 27 mentions in 2 episodes 14 per episode
2021 2 mentions in 2 episodes 1 per episode

every mention, scene by scene, with the transcript →

Everything said about Altimeter Capital, oldest first

Mar 15, 2022 negative
Disclosure
Gerstner: Altimeter deliberately avoids competing to lead Series A rounds
“First, I don't want to compete in that first round of institutional capital.”
Brad Gerstner Mar 15, 2022 ▶ 1:15:19 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 bullish
Prediction Open · timeframe Mar 2029
Gerstner (in 2022): Snowflake can reach a $500B valuation by 2029
“I think this company can be worth over five hundred billion dollars over the course of the next five to seven years.”
Brad Gerstner Mar 15, 2022 ▶ 1:05:35 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 bullish
Disclosure
Gerstner: Altimeter's first trade in 2008 was buying Priceline at $42
“We launched on November first, 2008. The first trade I made was into Priceline at 42 dollars a share.”
Brad Gerstner Mar 15, 2022 ▶ 43:46 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 bullish
Disclosure
Gerstner: Facebook became Altimeter's largest position when it hit $7 in 2012
“I remember Facebook became our largest investment in 2012 when it went on the cover of Barron's at seven,”
Brad Gerstner Mar 15, 2022 ▶ 59:15 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 bullish
Prediction Not checkable as stated
Gerstner predicts tech ideas over next decade will dwarf past 10 years
“I think when we look back at this system in 10 years, it's gonna be more vibrant, more capital, more access, more ideas, and I think the secular curve around creative destruction and innovation has never been steeper, and the ideas over the course of the next …”
Brad Gerstner Mar 15, 2022 ▶ 1:47:07 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022
Disclosure
Gerstner: Altimeter invested in ByteDance at a $10B valuation
“ByteDance we invested in at ten billion dollars, ok? Today it's marked, you know, somewhere between 350,000,000,500 billion, depending on which crossover fund, you know, you look at.”
Brad Gerstner Mar 15, 2022 ▶ 1:08:40 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 positive
Assertion Not checkable as stated
Gerstner: Retail aggregators drive a growing share of crossover fund raises
“And if you look at the retail channel, The accredited investor retail channel, through Goldman, through Morgan Stanley, through these other aggregators, as a percentage of the fundraise for Tiger, for Kotu, for Altimeter, it's going up dramatically relative to…”
Brad Gerstner Mar 15, 2022 ▶ 1:49:58 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 bullish
Insight
Gerstner: Tech companies will stay private longer and scale faster
“The private markets are becoming way deeper, way more liquid. Companies are gonna scale faster because the internet provides a network upon which they can scale, and they're gonna stay private longer because they're deeper pools of private capital. And we've m…”
Brad Gerstner Mar 15, 2022 ▶ 45:43 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022
Disclosure
Gerstner: Altimeter anchored Roblox direct list, Confluent IPO, and Grab SPAC
“Last year we participated, we anchored direct lists like Roblox, we anchored IPOs like Confluent, we anchored our own IPO like Grab by way of SPAC.”
Brad Gerstner Mar 15, 2022 ▶ 1:22:48 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022 bullish
Disclosure
Gerstner: Altimeter tested beta Snowflake on its own data before investing
“Over Christmas I'll replace our data warehouse with this, you know, with Snowflake, which was non-GA at the time, right? It was in beta with a couple companies. Wow. And so we did that, and he's like, this is gonna win. Like, this is the winning arc.”
Brad Gerstner Mar 15, 2022 ▶ 1:02:51 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022
Assertion Supported
Gerstner: Altimeter led Snowflake's round at a ~$175M enterprise value
“I don't remember what the exact share price was. I think the enterprise value at the time was somewhere around a hundred and seventy five million dollars.”
Brad Gerstner Mar 15, 2022 ▶ 51:39 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022
Assertion Supported
Gerstner: Altimeter operates with 30 employees compared to a16z's 350
“30 versus 350.”
Brad Gerstner Mar 15, 2022 ▶ 51:02 Altimeter (with Brad Gerstner) · Acquired
Mar 15, 2022
Disclosure
Gerstner was the largest LP in Altimeter's debut private fund
“I was the biggest LP in that fund. By a long shot, because I wanted to get it, you know, upwards of a hundred million bucks. But that first fund, I think it had six investments.”
Brad Gerstner Mar 15, 2022 ▶ 51:15 Altimeter (with Brad Gerstner) · Acquired
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