2008
Altimeter Capital launched on November 1, 2008, and its first trade was a purchase of Priceline stock at $42 a share.
“We launched on November 1st, 2008. The first trade I made was into Priceline at $42 a share.”
Topic
Altimeter Capital
10 facts from 1 episode, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
2012
Brad Gerstner said Altimeter raised its first dedicated venture pool in 2012 largely by passing the hat among existing investors.
“But we raised that first pool in 2012. It was basically passing the hat.”
2012
Brad Gerstner said Facebook became Altimeter's largest investment in 2012, when its stock traded around $17 a share after its IPO.
“I remember Facebook became our largest investment in 2012 when it went on the cover of Barron's at $17 a share post-IPO.”
2014
Brad Gerstner said Snowflake's enterprise value was around $175 million when Altimeter led its early round.
“I think the enterprise value at the time was somewhere around $175 million.”
2014
A young Altimeter analyst proposed replacing the firm's own data warehouse with Snowflake over Christmas, while Snowflake was still not generally available.
“how about if over Christmas I'll replace our data warehouse with this, you know, with Snowflake, which was non-GA at the time, right?”
2014
Altimeter's analyst wrote a bug report listing about ten bugs he found in Snowflake and sent it to the company's founders.
“But he also wrote a bug report, right, of like the 10 bugs he found. And he sent this bug bashing report to the founders, to Ben Juan and Terry.”
2022
Brad Gerstner said Altimeter invested in ByteDance at a $10 billion valuation and that the company was being marked between $350 billion and $500 billion.
“ByteDance, we invested in at $10 billion, okay? Today, it's marked, you know, somewhere between $350 billion to $500 billion, depending on which crossover fund, you know, you look at.”
Undated
A host said Snowflake was still over half of Altimeter's public position at the end of the previous quarter.
“I think Snowflake is still over half, or as at the end of last quarter was still over half of Altimeter's public position.”
Undated
Brad Gerstner said that he and Altimeter have participated in over 100 IPOs.
“And I'm an IPO lawyer, spent 20 years in the public markets. We've worked on, you know, participated in over 100 IPOs, right?”
Undated
Brad Gerstner said Altimeter hired Chris Conforti, who had run the equity syndicate desk at Goldman Sachs, for its capital markets work.
“I hired Chris Conforti out of Goldman. He ran the equity syndicate desk at Goldman.”
Episodes