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Thoma Bravo

9 statements across 2 episodes · 2 bullish · 0 bearish · 3 people on the record · first statement Dec 16, 2022 by David Sacks · said 17 times in 5 episodes since 2022 · across every show →

Mentions by year

brought up most by Chamath Palihapitiya (8), Orlando Bravo (6), Jason Calacanis (2), Brad Gerstner (1)

tap a year for its mentions
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0232022202320242025episodes it came up in
0021.5432022202320242025episodesmentions per episode
2025 11 mentions in 3 episodes 4 per episode
2022 6 mentions in 2 episodes 3 per episode

every mention, scene by scene, with the transcript →

Everything said about Thoma Bravo, oldest first

Dec 16, 2022
Assertion Supported
Sacks: Thoma Bravo bought Coupa for $8B at 10.4x trailing revenue
“So the deal happened at an eight billion dollar valuation. That was a 31% premium to the public price. It was 8.4 times next 12 months revenue. And on a trailing basis, it was about 10.4 times The last 12 months revenue.”
David Sacks Dec 16, 2022 ▶ 53:43 E108: Doxing debate, Nuclear fusion breakthrough, state of the markets & more
Oct 15, 2025 positive
Opinion
Bravo: Thoma Bravo makes more money backing internal successors than going public
“And we actually feel we'll make more money by investing behind the next generation when that time comes than by going public and having a great day and a great multiple.”
Orlando Bravo Oct 15, 2025 ▶ 27:26 Inside Orlando Bravo’s Private Equity Playbook: How to Build a Top Firm
Oct 15, 2025 neutral
Assertion Not checkable as stated
Bravo: Thoma Bravo must exit $10B deals at $25B to make money
“But now we're doing ten billion dollar deals. We have to sell those for 25 to make money.”
Orlando Bravo Oct 15, 2025 ▶ 15:02 Inside Orlando Bravo’s Private Equity Playbook: How to Build a Top Firm
Oct 15, 2025
Disclosure
Bravo: Thoma Bravo cuts costs once then focuses on growth and add-ons
“So the reason we like to take out the cost once is the rest is about bookings, growth and add ons. We don't want to revisit margin too much. We want profitable growth going forward.”
Orlando Bravo Oct 15, 2025 ▶ 23:55 Inside Orlando Bravo’s Private Equity Playbook: How to Build a Top Firm
Oct 15, 2025 positive
Assertion Partly supported
Bravo: Thoma Bravo tracked Dayforce since 2008 before $12.5B deal announcement
“Like, we recently announced that we were doing the Dayforce deal for 12 and a half billion. My partner, Holden Spade, met with the CEO of Dayforce in 2008, and we tracked that company for so long, watching it.”
Orlando Bravo Oct 15, 2025 ▶ 25:07 Inside Orlando Bravo’s Private Equity Playbook: How to Build a Top Firm
Oct 15, 2025 neutral
Assertion Supported
Palihapitiya: Thoma Bravo raised $34.4B across fund vehicles in June
“In June, you raised 34.4 billion dollars in basically like a set of fun vehicles”
Chamath Palihapitiya Oct 15, 2025 ▶ 2:10 Inside Orlando Bravo’s Private Equity Playbook: How to Build a Top Firm
Oct 15, 2025
Disclosure
Bravo: Thoma Bravo limits each fund to 10 to 12 companies
“So in every fund, we'll buy 10 to 12 companies.”
Orlando Bravo Oct 15, 2025 ▶ 16:21 Inside Orlando Bravo’s Private Equity Playbook: How to Build a Top Firm
Oct 15, 2025 neutral
Assertion Supported
Palihapitiya: Thoma Bravo manages just under $200 billion in assets
“Toma Bravo started in 2008, so, what is that, 17 years now, and now has just a little under two hundred billion”
Chamath Palihapitiya Oct 15, 2025 ▶ 1:59 Inside Orlando Bravo’s Private Equity Playbook: How to Build a Top Firm
Oct 15, 2025
Insight
Bravo: Low customer support gross margins reveal a flawed software product
“Like, for example, a company cannot say that it has really, really good product if its gross margins on support are very low.”
Orlando Bravo Oct 15, 2025 ▶ 25:35 Inside Orlando Bravo’s Private Equity Playbook: How to Build a Top Firm
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