Keep pulling the thread on Larry Aschebrook.
G-Squared's third fund allocated 40% of its capital, which totaled $380 million, to an investment in Spotify.
G-Squared's investment in Spotify generated a $1 billion return for its Limited Partners.
G-Squared's investment in Uber resulted in a 20% loss of approximately $50 million, while its investment in Lyft generated a 3x return.
Larry Ashbrook estimates that G-Squared's investment in Getir cost the firm approximately $500 million, combining direct capital loss and the loss of future LP commitments.
Larry Ashbrook personally paid a multi-million dollar settlement to exit a binding agreement to purchase secondary shares in Theranos, preventing a loss for his LPs.
G-Squared became the largest shareholder of Coursera, owning 16% of the company at the time of its IPO.
Larry Ashbrook believes that no new companies will be able to rival the scale of OpenAI and Anthropic in the large language model (LLM) space within the next three years.
G-Squared's investment in Coursera returned $800 million to its Limited Partners.
Larry Ashbrook believes the traditional venture capital fund lifecycle model is "fundamentally broken."
G-Squared's 2022 vintage fund achieved a 3x return on its investment in Wiz within 18 months.
G-Squared acquired a significant portion of its stake in Anthropic by successfully bidding on shares sold during the FTX bankruptcy proceedings.
G-Squared's portfolio construction strategy concentrates 80-90% of its investment risk into just 10 companies.