Everything Andrew Pitts said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Deutsche Telekom blocked deals in Facebook, Waze, and Skype
“You know, the funny story we always tell my boss's previous life is, you know, he missed Be Around Facebook and Seed Stage Ways. And a round Skype because Deutsche Telekom said these aren't strategic enough to us.”
Transamerica Ventures refuses to share portfolio data with parent Aegon
“Although when it comes to information rights for companies, we don't share company information with our parent company. We share industry trends. We share what they're doing. We share learnings from them. But we won't share, we refuse to share revenue numbers …”
Transamerica executives committed to launch Fund II
“Just recently our executives have said this is going well so far, so we'll commit to a fund too. We don't have anything in terms of size, but or anything like that, but they're at least interested in continuing kind of the experiment of a CVC fund for an insur…”
Transamerica Ventures has deployed $60M across 17 companies
“17 unique companies, 23 investments in those. And I think about sixty million put to work.”
Transamerica Ventures put around $2M into Lerer Hippeau
“I think it was a two million dollar check.”
Transamerica Ventures invested $1M in FinTech Collective Fund I
“A million dollars.”
Transamerica Ventures team receives no traditional carried interest
“Because we're not investors in our own fund, we don't get carry in the traditional sense, and that's fine.”
Transamerica Ventures passed on Moat before its $850M exit
“And so I had my first one recently I, we had a company called Moat that I really loved, but it wasn't strategic enough. And they sold that for the reported price was eight 50 to a billion and it was a lot less than we had a chance at it.”
Transamerica Ventures filters 5,000 annual opportunities down to five investments
“I'll see, essentially, when you add in, I'll probably see somewhere like a hundred different opportunities per week, just reading newsletters and stuff so I'll see, say, 5000 a year, I'll, like, actually look at maybe 500 of those, like, a little bit deeper, l…”
Transamerica Ventures invested $20M outlier check into CipherCloud
“We have one outlier with Cypher Cloud where we put twenty million dollars into it, so that's sort of a, it kind of, you know, if you did a median, it would be a lot better than an average but it's generally one to five million will be our initial check size”
H2O.ai is signing seven-figure revenue contracts
“It's open source, which scared the heck out of us in the start, but they're signing seven figure revenue contracts.”
Transamerica stops fund-of-funds investing to focus on direct tech
“Lira was real early stage just because we wanted access to sort of their network and their digital marketing opportunities, and they put a ton of companies in the space in front of us. FinTech Collective was the same but going forward, you know, most of our, a…”
Transamerica Ventures holds indirect crypto exposure via Digital Currency Group
“We're invested in Digital Currency Group who themselves, they own a ton of Bitcoin and Ethereum, which has been quite valuable for them, and their Bitcoin investment trust has crossed five hundred million in AUM, so that's good, but other than that, no, no dir…”
DCG's Bitcoin Investment Trust crossed $500M in AUM
“Their Bitcoin investment trust has crossed five hundred million in AUM”
Transamerica Ventures had no direct exits as of October 2017
“Not not, well, officially, no. We had kind of an interesting, we had some of our fund, we had two fund deals, and they've had some exits that have been quite, quite valuable for them, which, you know, goes on our books as well.”