Tuesday, August 6, 2019

#SLACK

TSW Community,

Did you know that a Tribal Sovereign Wealth Fund (TSWF) was a pre-IPO investor in the fastest growing enterprise software company of all time?



Twelve Clans, Inc, the sovereign wealth fund of the Ho-Chunk Nation, made an investment via special purpose vehicle into Slack Technologies back in 2017 and exited the deal for an undisclosed amount (they did pretty well) earlier this year in advance of its IPO. Slack is now publicly traded with a market cap >$15B.

While I certainly wouldn't recommend a one-off, venture-stage investment strategy for most TSWFs (anything at that stage should have an intentional portfolio strategy to offset the inherent risks), its a great win for the Ho-Chunk Nation and Indian Country.

In Perpetuity,
-Jay