One-year-old Bracket Capital is already an investor in Lyft, Bird, Airbnb and Coinbase

TechCrunch | 11/5/2018 | Staff
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Bracket Capital quietly emerged onto the scene in 2017 and has since invested in 23 technology startups, including the likes of Lyft, Bird, Airbnb and Coinbase. Today, the founders are coming out of stealth, ready to talk about what’s gone on behind the scenes.

Bracket is led by Yalda Aoukar and Jihan Bowes-Little, co-founders and managing directors based in Doha, Qatar and Los Angeles, respectively. The two relative unknowns, in venture at least, have had successful careers at private equity groups and hedge funds, recently opting to steer their careers in different directions.

Venture - Performing - Asset - Classes - Years

“Venture is one of the best performing asset classes of the last 35 years,” Aoukar told TechCrunch. “If we look at the economic cycle at the moment — investors are bracing for a downturn.”

“Venture, by its nature, is quite defensible as an asset class. It’s the best hedge that we can take vis-a-vis any market volatility or potential correction that the markets may be poised for.”

Bracket - Deals - Management - Addition - Unicorns

Bracket has invested $120 million since it began making deals in 2017, with more than $150 million under management. In addition to the aforementioned unicorns, the firm has also provided capital to Reddit, mental health startup Happy Not Perfect, on-demand self-storage startup Clutter and more. Like many in Silicon Valley these days, the firm is industry and stage-agnostic.

With a presence in the Middle East and Southern California, Bracket, which considers itself an...
(Excerpt) Read more at: TechCrunch
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