Next Act for Elevation Partners

The video discusses the origins of Next Equity, a fund founded by former Apple executives Fred Anderson and Obvious Avanian, with a humorous nod to Steve Jobs' company, NeXT. It compares Next Equity's scale to Elevation Partners, highlighting that the new fund is significantly smaller. Elevation Partners, known for its mixed investment success, had a notable 12% return, excelling in Facebook shares but underperforming in others. Roger McNamee, a key figure in Elevation, continues to invest personally and advises the new fund. The video concludes with personal insights into the investment landscape, noting the smaller scale of Next Equity compared to Elevation.

What was the inspiration behind the name 'Next Equity'?

• It was a serious suggestion by Steve Jobs.

• It was a joke suggestion by a former executive.

• It was named after a famous athlete.

• It was a random name chosen by investors.

How does the scale of the new fund compare to Elevation Partners?

• It is twice the size.

• It is much smaller.

• It is about the same size.

• It is significantly larger.

What was the return rate achieved by Elevation Partners?

• 5%

• 12%

• 20%

• 15%

Which companies did Roger McNamee mention as strong positions in the second fund?

• Google, Amazon, Netflix

• Airbnb, Sonos, Uber

• Microsoft, Tesla, SpaceX

• Apple, IBM, Oracle

What is Bono's apparent interest according to the discussion?

• Real estate

• Technology investments

• Music

• Sports