Keep pulling the thread on Neil Mehta.
In 2013-2014, Coupang's founder, Bom Kim, decided to transition from a marketplace model to a first-party (1P) logistics capability to provide reliable delivery within 12 to 24 hours.
Coupang's cohort retention rate increased from approximately 30% to the 60% range after introducing its first-party "Rocket" delivery service.
Green Oaks has been a long-term investor in Coupang for approximately 15 years and was still actively buying shares as of the last quarter.
Over a 10-year period before its IPO, Green Oaks invested just under $1 billion in Coupang and has continued to purchase shares since the company went public.
Despite a significant portion of its Israeli workforce being called for military service after the October 7th Hamas attack, cybersecurity company Wiz proceeded to have one of its best quarters.
At the start of the COVID-19 pandemic, the revenue of travel management company TripActions (now Navan) dropped from $100 million to zero overnight.
During the COVID-19 pandemic, Green Oaks offered to invest up to $500 million in TripActions (now Navan) to help it gain market share, finalizing the deal in approximately four days.
During the COVID-19 pandemic, TripActions (now Navan) grew from being the 4th or 5th largest player in its industry to one of the top two.
During the Silicon Valley Bank collapse, Green Oaks agreed to invest $500 million into Rippling within 30 minutes of a call with CEO Parker Conrad to ensure Rippling's customers could make payroll.
Carvana's stock price surged from approximately $35-$40 per share to over $300 per share during 2020-2021, before collapsing to as low as $5 per share.
Carvana's market capitalization fell from a peak of approximately $70 billion to $1 billion.
Green Oaks' largest investments are typically in the range of $500 million to over $1 billion.