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.

How did the performance of Elevation Partners compare to other investments according to the text?

What were some of the strong positions held by Roger McNamee in his investments?