Upper90
fund on 1 show · 9 statements across 1 episodes · said 17 times in 1 episodes since 2022
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Capital Allocators 17
2022 17 mentions in 1 episode
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9 statements about Upper90, every show
Upper90 was first capital into Thrasio at $12M valuation
“Introduced us to Thrasio, which has been a marquee investment for us. We're the first capital in that company at a twelve million dollar valuation.”
Libby: Upper90 Scaled Crusoe Energy Credit Facility to $40 Million
“So we ended up giving them a five million dollar project finance facility at 15%, and then it went to fifteen million. And we ended up scaling with them to forty million because it had nothing to do with being a crypto Bitcoin mining startup.”
Libby: Founders can multiply QSBS tax exemptions to $25M using trusts
“Well, you can set up five trusts. And get five times a QSPS exemption. And then upon exit, you can roll them into one entity. So just think about that. Like you have a five million dollar tax free gain or a twenty five million dollar tax free gain.”
Upper 90 structures deals as 10-20% equity and 80-90% debt upfront
“We make that decision up front. 10 to 20% in equity, 80 to 90% in debt.”
Libby: Hybrid credit combining debt and equity will be investing's future
“And so our view is that this will be the future of investing where we can offer this kind of hybrid credit is what we call it because founders are going to want it.”
Libby: Upper90 refuses to provide debt without an equity stake
“So we will not invest in a business or provide debt, and we can't also be an equity partner.”
Libby: Upper90 seeks businesses generating 25% to 30% annualized book yields
“So we're looking for businesses that have meaningfully more book yield, 25, 30% annualized book yield, so they can service our 12 to 14%.”
Libby: Upper 90 syndicate built off-balance-sheet credit facility for FilmRise
“What ended up happening with FilmRise was we created, in partnership with some other groups, an off-balance sheet credit facility securitized by Netflix payments.”