By Humphrey Carter
The 207-foot (63 meters) Artisan (formerly Metis) which was built in 2019 and which has recently been in Puerto Portals and Minorca this week is owned by nine-time Midas list member Todd Chaffee who continues his long run on the Midas list through investments in travel companies such as HomeAway, bought by Expedia for $3.9 billion in 2015, and Kayak, acquired by Priceline for $1.8 billion in 2012.
He’s also found big hits in the online content world, with investments in Netflix, Comscore, Omniture, Pandora and Business Insider all in his portfolio.
But Chaffee’s biggest success continues to be his early bet on Twitter.
In 2009, he invested in the social network at a valuation of $220 million; after public struggles, Twitter has had a fantastic year worth more than $24 billion on the public market in 2018, meaning IVP’s $44 million investment in Twitter turned into a return of nearly $5 billion.
Previously, Chaffee launched Visa’s venture capital arm in 1995 that invested in ten companies that eventually went public, most notably Yahoo.
September 10, 2022 at 01:13PM
via Mallorca Daily Bulletin read more...
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