EarlyBird
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5 statements about EarlyBird, every show
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.”
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.”
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.”
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.”
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.”