TLDR:
- Blackbird partners, Niki Scevak, Rick Baker, and Bill Bartee, are sitting on hundreds of millions in profits from Canva shares.
- Blackbird’s early investment in Canva has paid off significantly, with partners potentially in line to receive up to $1.2 billion.
In a recent analysis, it was revealed that Blackbird’s partners are enjoying substantial profits from their investment in Canva. The venture capital firm, led by Niki Scevak, Rick Baker, and Bill Bartee, owns a 15% stake in Canva, worth about $6 billion. This has resulted in Blackbird partners potentially receiving up to $1.2 billion in returns.
Blackbird’s early investment in Canva, made through their first fund, has seen significant growth, with the stake reaching about $1 billion before partial sell-offs. The firm has also incurred costs and added partners over the years, impacting the distribution of profits among its members. Despite this, industry estimates suggest that Blackbird may have earned up to $750 million in carry from Canva.
While Canva has been a major success story for Blackbird, the firm has also invested in other companies. However, Canva remains a standout performer, providing significant returns to the partners. Blackbird’s strategy of early and consistent investment in Canva has paid off handsomely, demonstrating the rewards of strategic venture capital investments.
Overall, Blackbird’s partners are set to receive substantial returns from their investment in Canva, highlighting the potential rewards of successful venture capital funding. The article underscores the importance of strategic investment decisions and the significant impact they can have on the financial success of venture capital firms and their partners.
