- $750m raised
- Led by Daniel Och (Willoughby Capital) & Fuhrman (GS)
- Board: Kevin Systrom (Instagram), Anne Wojcicki (23andMe), Jim McKelvey (Square), & Steve Ellis (Chipotle)
- Targeting internet/software/fintech
Thread ⬇️🧵
$AJAX CEO: Dan Och
- Founder of Willoughby Capital
- Multibillion $$ portfolio focused on growth companies in the internet, software, fintech sectors
- Investments include Brex, Capsule, Coinbase, Coupang, Github, Instacart, Robinhood, Strike, Talkdesk, Transferwise, Wish & more
$AJAX President/Director: Glenn Fuhrman
- Ex-Goldman MD and ex co-founder of MSD Capital, the private investment firm of Michael Dell (Dell Tech)
- Oversaw increase in assets from $400m to $2bn
- Investments included PVH Corp and Dine Brands Global
$AJAX Strategic Advisor: Steve Ells
- Founder and ex-CEO of Chipotle Mexican Grill
- Visionary entrepreneur who revolutionized casual dining concept
- Led Chipotle to almost $30bn marketcap prior to his departure
$AJAX Strategic Advisor: Jim McKelvey
- Serial entrepreneur and businessman
- Co-founder of payments firm Square along with Jack Dorsey, the company that revolutionized the financial industry
- Independent Director of the Federal Reserve Bank of St. Louis
$AJAX Strategic Advisor: Kevin Systrom
- Former CEO and Co-Founder of Instagram, one of the most revolutionary internet product sin history
- Sold to Facebook for $1bn
- Previously worked at Google, Odeo (now Twitter) and Burbn
$AJAX Strategic Advisor: Anne Wojcicki
- Serial entrepeneur and co-founder of personal genomics company 23andMe
- Forbes World's 100 Most Powerful Women in the World
- Fast Company's 2013 "Most Daring CEO"
- Sister of Susan Wojcicki, CEO of YouTube
$AJAX Value Proposition:
- Extensive leadership experience in public & private companies
- Vast public equity capital markets knowledge
- Founder-Driven Growth Initiatives
- Fundamental Investment Expertise
- Track Record of Value Creation
- Access to Proprietary Deal Flow
$AJAX Acquisition Criteria:
- Scaled, Multibillion-Dollar Asset
- Deep, Competitive Moat
- Large Addressable Market and Attractive Unit Economics
- Minimal Cyclical Risk
- Superior Leadership Team and Vision
- AJAX has reduced their sponsor promote fee to 10% versus the traditional 20%, making it more investor-aligned and friendly
- AJAX expects their founders and board members to invest from their own capital into the target company upon business completion
🚨 Disclaimer: Nothing contained in this thread should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific profit $AJAX
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$CCIV/@LucidMotors one more piece of detective work.
The Lucid rumor was leaked from Saudi Arabia.
The two non-US Bloomberg reporters (Dinesh & Matthew) weren't involved in any prior SPAC-related news.
They cover all Saudi/PIF related news and are always spot on.
Thread ⬇️🧵
Matthew Martin is based in the United Arab Emirates and is the lead Bloomberg reporter since 2013. He's responsible for covering the energy industry and finance in Saudi Arabia, and the Middle East. $CCIV
Almost every story from Matthew on Bloomberg is Saudi energy, PIF, investment, business related.
All stories that were originally rumors were confirmed afterwards.
Feb 2020: Pershing Square bought $27m to hedge a potential market decline due to COVID.
March 18, 2020: Ackman goes on CNBC (NO DISCLOSURE OF HIS SHORT POSITION) and starts crying that the American economy is done and hell is coming.
Turns out that Ackman was actively buying discounted equity stakes in the very companies he was warning could fail.
His interview triggered circuit breakers and the Dow fell more than 2,000 points .
While people around the world have been watching their savings shrivel, and 3 million Americans lost their jobs last week alone, Ackman made $2.6bn (10,000% gain) in less than a month.
🚨 Why $RTP/Reinvent Tech Partners is my largest pre-target SPAC holding!
- Led by Reid Hoffman & Mark Pincus
- Prolific VCs & serial entrepreneurs
- $690 million raised
- Targeting tech sector (AI, autonomous driving, gaming focus)
*Current Price: $11.90
Time for a thread! ⬇️
$RTP S1:
"Invention is when a company builds a new product in an adjacent market, such as Amazon developing AWS. Reinvention is when a company has to adapt its core products to continue growing in an existing market, as Netflix did moving from DVDs to streaming."
Who is Reid Hoffman?
- One of Silicon Valley’s most prolific angel investors
- Co-founder of LinkedIn & PayPal
- Microsoft board member
- Early top exec of PayPal
- Early investor in Facebook, Airbnb, Discord, Dropbox, Coinbase, Instagram
🚨 Why $HEC/Talkspace, the leading digital and virtual behavioral healthcare company, is a sleeping giant with massive upside potential!
- Proprietary tech
- Massive B2B opportunities
- Heavy backers + top MGMT
- Already profitable
*Current Price: $11.50
Time for a thread! ⬇️
Talkspace was founded in 2012 by couple Oren and Roni Frank after a transformative experience in couples therapy that saved their marriage. The company began as a group therapy platform but has evolved to a company offering online psychotherapy from licensed therapists. $HEC
The company has a well stacked management team with experience from various blue-chip and global companies across different industries such as McCann, Amdocs, UnitedHealthcare, EY, and Bain. $HEC