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I was working for the GM pension fund, an institutional LP, as an analyst, doing a research project on consumer private equity and venturecapitalinvesting. I was researching consumer focused funds, building and fixing brands, and talking to just about every consumer minded investor I could find.
He was introduced through mutual friends to Highland Capital. At the time consumer internet venturecapital was still suffering from the collapse of the Tech Bubble. But it was an attractive time to enter because the successful internet companies were scaling and in need of capital. 11:40-14:15). 37:00-40:30).
Namely, certain elements of the venturecapital community who would prefer to keep all outsized gains in their own pockets. And the late-stage venturecapital markets, along with the changing value of tech stocks and the huge boom in consumer (retail) investing. But, no matter.
Prior to starting the company, Ulubay was a private equity investor and former Goldman Sachs investment banker working on investment in technology and e-commerce. Kaya was also in investment banking at Goldman Sachs, focused on consumerretail M&A.
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