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

$RTP

$RTP S1:
"Hoffman is an expert in social networks, online marketplaces, emerging technologies, like artificial intelligence and autonomous driving, and reinventing industries."

Who is Mark Pincus?

- Founder of Zynga, the pioneer in social gaming
- Founding investor in Napster, Facebook, Friendster, Snapchat, Xiaomi and Twitter
- Early investor in JD, Brightmail, & Buddy Media
- 2009 "CEO of the Year" at The Crunchies technology award

$RTP

Hoffman has partnered as an early investor and board member with companies such as Airbnb, Aurora, Convoy, OpenAI, and Zynga as they have grown from small start-ups to scaled technology companies. $RTP

Hoffman & Pincus have pursued their shared intellectual interest in the games industry through an investment in Epic Games. Pincus also has invested in gaming software giant Niantic. $RTP

In 2019, Pincus & Hoffman raised up to $700 million for a new investment fund that will focus on publicly traded tech companies in need of strategic restructuring: Reinvent Capital $RTP

https://www.reinventcapital.com/ 

$RTP independent directors:

1) Sherry Coutu: More than 60 angel investments & three IPO's
2) Charls Hudson: Founder of Precursor ventures, ex-partner at SoftTech VC
3) Kristina Salen: ex-CFO of WWE and Etsy
4) Fei-Fei Li: Co-Director of Stanford's Human-Centered AI Institute

My speculation? $RTP's specific target is either in the autonomous vehicles, artificial intelligence, or gaming industries.

My first and foremost bet is on autonomous vehicles and artificial intelligence.

Why? Let's check below

In $RTP's S1, "autonomous driving" is mentioned 10x.

It's listed under their business criteria and highlighted multiple times around Hoffman's interest and experience.

Full S1 https://www.sec.gov/Archives/edgar/data/1819848/000121390020024426/fs12020_reinventtech.htm

In March 2016, Hoffman invested $16m in on-demand trucking startup Convoy and joins board.

In Feb 2019, Hoffman (through Greylock Partners) invested $90m in self-driving car startup Aurora and joins board.

Convoy 2019 valuation: $2.75bn
Aurora 2020 valuation: $10bn

$RTP

In March 2018, Hoffman speaks on Startup Grind on the future of autonomous vehicles & the technology and mechanics of how it works. $RTP

Just a month after $RTP IPOed (Sep 2020), Hoffman spoke to Bloomberg technology on why AI and autonomous driving will be as transformative as electricity.

In October 2020, Hoffman spoke to CNBC about $RTP.

On his target, he starts with: "It could be artificial intelligence, which I've been doing through Open AI & Stanford's Human Center of AI, and other areas such as investing in autonomous vehicles."

Hint Hint:

Fei-Fei Li, on $RTP board:
- Co-Director of Stanford Institute for Human-Centered AI, - Co-Director of Stanford Vision and Learning Lab.
- Co-Founder of AI4ALL

Expert in AI, machine learning, deep learning, computer vision and cognitive neuroscience.

My target speculation #1 $RTP

Aurora: Leader in autonomous vehicles and self-driving tech

- Founded by self-driving pioneers from Google, Uber and Tesla
- Dec 2020: Acquired Uber's self driving division for $4bn
- Valued at $10bn and ripe to go public

https://news.greylock.com/our-investment-in-aurora-a-safe-path-to-scale-autonomous-vehicles-bd0680fa4fe0

My target speculation #2 $RTP

Convoy: Leader in automation & machine learning on-demand trucking/freight.

- Investors include Salesforce's Marc Benioff, Dropbox's Drew Houston, Instagram's Kevin Systrom, & Amazon's Jeff Bezos
- Valued at $2.75bn in 2019

https://convoy.com/blog/tackling-the-future-of-transportation-greylock-partners/

My target speculation #3 and #4 $RTP

If the target is in the gaming world, the two lead candidates are Epic Games and Niantic.

- Epic Games valued at $17.3bn
- Niantic valued at $4bn

Both are ripe public market candidates after Unity + potential Roblox IPO.

Hope you enjoyed!

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.