9338 Baltimore National Pike, Ellicott City, MD 21042. A recently completed beachfront mansion in Palm Beach sold Friday for a staggering $122.695million, setting a new record in Florida for hefty home purchases. "We don't want to be married to one investor for that many years," he said.While Tiger is a long-term partner, they are not "meddling in our business," Auston Bunsen, QuickNode's cofounder and chief information officer, added. Stay up to date with what you want to know. We are grateful for all his contributions to Tiger Global and have appreciated his work ethic and intellect.. Unlike other top venture-capital firms, including Sequoia Capital, that were in talks with QuickNode, Tiger didn't require the founders to meet with each of its partners or wait for sign-offs from the entire investment team, Nabutovsky said.Instead, there were two simple Zoom calls: one with Curtius on a Sunday, followed by a second call with both Curtius and Shleifer. Curtius portfolio includes pre-IPO businesses such as data infrastructure company Databricks and cybersecurity business Snyk that may struggle to defend their recent valuations of $38 billion and $8.5 billion. BJP lauds Centre's peace, development initiatives in northeast as it leaves rivals behind in Tripura, G20 must provide direction to world: EAM Jaishankar, PM Modi holds talks with Italian counterpart Giorgia Meloni, Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day, End your day with a breakdown of the biggest tech and startup stories in your inbox, Invest in high-rated bonds from as low as Rs. As summer turned to fall last year, Josh Kushner and his Thrive Capital offered a shiny new perk to some of the firms portfolio companies: How about a one-on-one meeting with Bob Iger, the 71-year-old former Disney CEO turned freshly minted Thrive venture partner? 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Institutional Investor ranked the top-earning hedge fund managers in the world for its 20th annual Rich Listwhich was published online on Feb. 21and Shleifer came in at No. Teamleiterassistent (w/m/d) Verkauf - Vollzeit (37,5 Std./Woche) - IKEA Pop-up Ravensburg, Junior Operations Manager (m/f/d) Vollzeit, Kingston upon Thames, England, United Kingdom, Techniker / Ingenieur fr die Prozessentwicklung (m/w/d), Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates, Postdoctoral position in Computerized Image Processing with focus on Applications in Biomedicine, Consultant en recrutement de Cadres - Finance (H/F), Sharjah, Sharjah Emirate, United Arab Emirates, Ingnieur Conception Systmes Avioniques H/F, Spontaneous application at Ogilvy Social.Lab Brussels, See who Insight Global has hired for this role, Whner GmbH & Co.KG - Elektrotechnische Systeme, A minimum of 5 years of experience in GIS-IT and enterprise data architecture, Expert level experience with ESRI ArcGIS products such as ArcCatalog, ArcMap or ArcPro, Minimum of 2 years integrating GIS systems built on relational databases with other applications (built in-house and vendor), Ability to quickly comprehend the GIS needs of applications and develop smart data solutions to deliver the data. Delhiverys shares have fallen close to 40 percent since its listing in May. The luxurious new residence sits on two of the 6.2 acres that Donald Trump sold in 2008 for a then-record-setting $95 million. Scott Shleifer is the Partner at Tiger Global Management based in United States. Scott Shleifer, Tiger Global Managements private investment head, came down to India earlier this week to meet founders, portfolio startups and investors in the More than 20 other investments by Curtius have raised funding at higher valuations this year, the source claimed. The firm also took a smaller equity stake than what other venture-capital firms proposed. Last summer, Vox Media CEO Jim Bankoff met with representatives from Facebook parent Meta Platforms to catch up on business. Thank you for your continued support. Scott Shleifer, the head of Tiger Globals public equity business, will take over as the global head of private equity. Charles P. Coleman III United States citizen. Scott Louis Shleifer is an employee with Tiger Global Management, LLC, a hedge fund company. 35 th Floor. After staying up all night to make calls to China, Shliefer walked into the office of his boss, Tiger Global founder Chase Coleman. The five-time Midas List member was originally an analyst at Blackstone and counts Meitu,DiDi Chuxing and Despegar as other portfolio wins. A separate guesthouse has a pool of its own. Fighting Woke AI, Musk Recruits Team to Develop OpenAI Rival, Stripe Cuts Valuation to $50 Billion After Facing Fundraising Hurdles, Stripes Search for Billions Nears an End, But It Hasnt Been Easy, By Maria Heeter, Cory Weinberg and Kate Clark, The People With Power at TikTok Owner ByteDance. Curtius plans to continue backing software and business-to-business companies at his planned new firm, Cedar, at the Series A to C stages, according to one source with knowledge of his plans. During that period, Tiger became known as one of techs most active investors. WebLansing Economic Area Partnership strives to improve the region's economic development by helping businesses grow as well as attracting new businesses to the area Alex Cook was here earlier this year. In April, his portfolio helped him debut No. After commissions, fees, and other expenses, the total purchase price might have risen as high as $140 million, The Palm Springs Daily News reports. The Tiger Global partners Scott Shleifer and John Curtius moved to the Miami area earlier this year. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. To access all the content for free, please sign up by entering your email. In 2003, Scott Shleifer helped Tiger Global expand into investing in the private equity market. Tiger Global is based in New York with affiliate offices in Hong Kong, Beijing, Singapore and Bangalore. For QuickNode, the ability to meet in person with investors to discuss business strategy beyond the funding round was "super important for us," Alex Nabutovsky, one of the startup's cofounders, said.The same held true for Ontop's cofounder and CEO, Santiago Aparicio. He is a member of the Wharton Undergraduate Executive Board, a trustee of the Tiger Foundation, a member of the board of Ubuntu Education Fund, co-chair for Teach for Americas Learning from Leaders Breakfast series, and committee member of United Hatzalah of Israel. New York, New York 10019 (c). Year to date, bitcoin is up 43%, ether is up 39%, and Coinbase shares are up more than 92%. Then theres healthcare automation startup Olive AI, backed in December 2020 at a $1.5 billion valuation, and in whose more recent July 2021 funding round Curtius and Tiger participated at a valuation of $4 billion. , the billionaire founder of hedge fund Tiger Management, and the mentor and first backer of Tiger Global founder Chase Coleman III, Curtius brief mention toward the end, following a string of more junior hire announcements, seems a terse end to a five year-plus stint that saw the investor back more than 250 private tech companies. Tiger Global Management has made an overpowering entrance into the venture-capital world. This is a profile preview from the PitchBook Platform. Tiger Global declined to comment through a spokesperson. Griffin Schroeder, head of consumer internet investing, will also meet investors and executives from Tiger Globals portfolio companies, the people added. Market Realist is a registered trademark. My work is going very poorly, Shleifer told him. Early-stage investments have already grown by close to 40 percent in the first nine months of 2022 to $4.23 billion, according to data by Tracxn. We'll assume you're ok with this, but you can opt-out if you wish. Tiger Global, of course, is the investment firm founded by Tiger Cub Chase Coleman. The head of the Private Equity business was Lee Fixel until March 2019. WebIn 2003, Scott Shleifer helped Tiger Global expand into investing in the private equity market. My work is going very poorly, Shleifer told him. This year, too, while many late-stage investors have gone slow on their investments in India, the hedge fund company has minted as many as five unicorns, out of 22 new that got minted. He tied with O. Andreas Halvorsen of Viking Global Investors. In this role, he was in charge of all product Curtius will work closely with other investment team members over the coming months as we transition his responsibilities, the firm wrote. WebSample Page; ; 20 is Scott Shleifer, a partner at Tiger Global Management and head of its public equity business. Scott Shleifer has served as Member of Tiger Global Management, LLC since 2013. Losses at Tiger Global Management continued to mount in October after the New York-based hedge fund was buffeted by the whipsawing value of technology stocks in the US and a sell-off in China. or medium without express writtern permission of moneycontrol.com is prohibited. "Chase Coleman's Tiger Global Is Slashing the Value of Its Venture Holdings by 24%", "Top Hedge Fund Returns 45% With Robertson's 36-Year-Old Disciple - Bloomberg Business", "How Chase Coleman Became a Hedge Fund Legend", "Tiger Global Closes on $12.7 Billion for Latest Growth Fund", "More Losses For Tiger Global From Its FTX Investment", "Highflying Tiger Global Humbled by Unraveling of Giant Tech Bet", "This Hedge Fund Made the Most Money for Investors Last Year", "Tiger Global snaps up Alibaba shares at lofty valuation", "Tiger Global: the technology investor ruffling Silicon Valley feathers", "Carta was just valued at $1.7 billion by Andreessen Horowitz, in a deal some see as rich", "Chase Coleman's Tiger Global buys Coinbase, adds to DoorDash and DocuSign bets", "Credit Karma Confirms New $85M Financing Round Led By Google Capital", "Databricks' Growth Draws $400 Million Series F Investment and $6.2 Billion Valuation", "Chase Coleman's Tiger Global Management Generated $1 Billion From Its Facebook Trade", "Jobs site Glassdoor raises $50 million from Tiger Global", "TikTok Exec Sean Kim Joins Kajabi as President", "Koo raises $30 million funding led by Tiger Global", "Tiger Global Said to Invest in LinkedIn at $2 Billion Valuation", "Nextdoor to go public in $4.3 bln merger with Khosla-backed SPAC", "Brazil's Nubank Raises $30M Led By Tiger To Build Out Its Mobile-Based Credit Card Business", "Tiger Global helps Q&A site Quora raise $80 million", "China's SenseTime, the world's highest-valued AI startup, closes $620M follow-on round", "SoftBank's cheap valuation draws $1 billion bet from U.S. fund Tiger Global", "Tiger Global Among Top Spotify Holders With $1.9 Billion Stake - Bloomberg", "Square Closes That $100 Million Round, Mary Meeker Joins Board", "Stripe is now valued at $20B after raising another $245M led by Tiger Global", "Stripe rides the online payments boom to a $22.5 billion valuation", "Infrastructure access platform StrongDM raises $54M", "New Investment from Tiger Global doubles TVF's Valuation to $ 80 Million", "UiPath Raises $225M to Become NYC's Newest Decacorn", "Alphabet's Waymo raises $2.5 billion in new investment round", History of private equity and venture capital, Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, Alternative investment management companies, https://en.wikipedia.org/w/index.php?title=Tiger_Global_Management&oldid=1140517491, Financial services companies established in 2001, Financial services companies based in New York City, Investment companies based in New York City, Private equity firms of the United States, Venture capital firms of the United States, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, Tiger Global Private Investment Partners I, Tiger Global Private Investment Partners II, Tiger Global Private Investment Partners III, Tiger Global Private Investment Partners IV, Tiger Global Private Investment Partners V, Tiger Global Private Investment Partners VI, Tiger Global Private Investment Partners VII, Tiger Global Private Investment Partners VIII, Tiger Global Private Investment Partners IX, Tiger Global Private Investment Partners X, Tiger Global Private Investment Partners XI, Tiger Global Private Investment Partners XII, Tiger Global Private Investment Partners XIV, Tiger Global Private Investment Partners XV, This page was last edited on 20 February 2023, at 12:31. Crypto VCs Arent Celebrating This Rally Just Yet, By Akash Pasricha · March 1, 2023 5:10 PM PST. A young analyst named Scott Shleifer had recently joined Tiger Global, a small New York hedge fund. Curtius will have to do so, however, pointing to investment returns at Tiger that appear diminished firm-wide from the markets highs. All rights reserved. A simple projection told him that all three were buys. Shleifer wanted to get a sense of the investment sentiment in India as Tiger Global continues to remain extremely bullish on internet companies in the country, said one of the people quoted above. The U.S. team won 199 and Scheffler went 201 including a win in his Sunday singles match against world number one Jon Rahm. Thank you. WebThe original brown sugar bubble tea with fresh cream and a unique tiger stripe design. Others have tried to imitate, but can't compare to the quality and care that goes into our 8 Get the full list, Morningstar Institutional Equity Research, Director, Legal, Governance, M&A, IP, CS & Company Secretary and Board Member, Co-Founder, Chief Technology Officer & Board Member. Follow WebScott Louis Shleifer is an employee with Tiger Global Management, LLC, a hedge fund company. Scott Shleifer and Chase Coleman have invested in DealShare, regulatory filings made by the Bengaluru-based company show. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. WebMr. Wharton School at the University of Pennsylvania, Intelligent Assistance and Bots Ecosystem. A young analyst named Scott Shleifer had recently joined Tiger Global, a small New York hedge fund. A minimum of 5 years of experience in GIS-IT and enterprise data architecture. (In pic: Scott Shleifer (R), Head of Private Equity at Tiger Global) MUMBAI:Theres a consensus in the Indian technology investing world today that the 2015 funding euphoria led by Lee Fixel, who was at the helm of Tiger Global then was far more subdued compared to what we are seeing today. Scott received a Tiger Global Management, LLC (often referred to as Tiger Global and formerly known as Tiger Technology) is an American investment firm. purchased a $22 million Coral Gables mansion. Sign in to create your job alert for Information System Architect jobs in Lansing, MI. Citizenship: Tiger Global Performance, LLC Delaware limited liability company. More recently, Tigers made headlines for the billions its lost in its public market positions. Eventually named Tigers software and business-to-business startup investing leader, Curtius made a splash in the Miami area when he purchased a $22 million Coral Gables mansion previously owned by singer Marc Anthony last year. biggest beneficiaries of Tiger Globals new fund, had also upped its Series A bets in India, Putin, girlfriend live in a secret, 'golden palace' hidden from the world: report, Bill Gates' gift to Ratan Tata during Mumbai meeting, What Bill Gates said after meeting YouTuber Prajakta Koli, 'Hellscape', 'petfluencer', 'digital nomad': Dictionary.com adds new words, Florida man dies after using tap water. Tiger Global partner Scott Shleifer. The firm said its expansive private portfolio of venture-backed startups was also down, with Tiger having decreased the valuations of its holdings every single month of 2022. Curtius also invested in London-based virtual events startup Hopin at a $2 billion valuation in December 2020 and kept investing through its $7.8 billion valuation in August 2021. The move comes as Tiger Globals multi-billion-dollar public funds continued to generate losses in the third quarter, the firms letter said, in part due to long-term positions in China-based companies. Making a debut on the list at No. Whats Next? The private equity strategy, which is led by Scott Shleifer,[14] targets growth-oriented private companies from early to late stages, with an emphasis on businesses based in the U.S., China and India. Offers may be subject to change without notice. But a source with knowledge of the transactions told Forbes after publication that Tiger first invested in each company at a $10 billion and $2 billion valuation, respectively; the companies trade at market capitalizations of about $60 billion and $8 billion today. In fact, Coinbase is now trading around 5 times its projected next 12 month sales, up from 2.1 times when 2023 began, according to Koyfin. People who met Shleifer say he is 'very bullish' about India and sees it as silver-lining, as the hedge fund companys US bets are turning sour, the people said requesting anonymity. Read deeply reported stories from the largest newsroom in tech. All Rights Reserved. Under Midas List fixture Scott Shleifer, the venture side of Tigers business grew into its largest, accounting for as much as two thirds of its assets, reported to have reached $95 billion a year ago. Prior to joining Tiger Global, Mr. Expert level experience with ESRI ArcGIS products such as ArcCatalog, ArcMap or ArcPro. Curtius declined to comment. The eldercare startup Papa raised $60 million from Tiger in April. 2013-2023 The Information. Sign up for notifications from Insider! Shleifer met investors and also interacted with top executives of its biggest private market companies, multiple people aware of the matter told Moneycontrol. It was also important to the founders not to lose control of the company. Tiger exited both positions earlier in the year at higher prices, according to the source. It mainly focuses on Internet, software, consumer, and financial technology industries. "He indicated that his private market bets in India were a saviour", one of the persons cited above said. Scott Shleifer is Founder and Managing Director at Tiger Global Management, a fundamentally-oriented, global investment firm. You may opt-out by, Covering venture capital, cloud and startups. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. www.vbprofiles.com is now www.topionetworks.com. Shleifer had no comment, said a spokeswoman for Tiger Global Management. Tiger Global has backed unicorns across sectors in 2022, like neo-banking platform Open, gaming platform Games 24x7, small and medium enterprises lending marketplace Oxyzo Financial Services, Web 3.0 infrastructure Polygon and social commerce platform Dealshare. Shleifer told executives from portfolio companies investors that Tiger Globals private investments in India are doing extremely well and are acting as a cushion for the hedge fund companys public portfolio in the country that includes listed unicorns like Zomato, PB Fintech, Delhivery, and Nasdaq-listed Freshworks among others. To view Scott Shleifers complete positions history, request access, To view Scott Shleifers complete deals history, request access, Tiger Global Private Investment Partners XV, Youre viewing 15 of 619 network. People may receive compensation for some links to products and services on this website. WebAt Tiger Global Management, Scott Shleifer was a Managing Director and held the title of Senior Vice President, Product Management. Chase Coleman III was a protg of Julian Robertson and from 1997 to 2000 worked as a technology analyst for the firm, Tiger Management. Elon Musk has approached artificial intelligence researchers in recent weeks about forming a new research lab to develop an alternative to ChatGPT, the high-profile chatbot made by the startup OpenAI, according to two people with direct knowledge of the effort and a third person briefed on the conversations. In its letter to investors, Tiger Globals partnership said they look forward to staying close and finding ways to collaborate with Curtius. Minimum of 2 years integrating GIS systems built on relational databases with other applications (built in-house and vendor). 9338 Baltimore National Pike Suite I, Ellicott City, MD 21042. John Curtius is departing Tiger Global as the prolific investment firm continues to mark down its holdings in private tech companies. The three portals were losing money, but revenues were growing faster than costs. Scott Shleifer. Tiger Global, though bullish, is not comfortable writing late-stage cheques just yet. Ability to quickly comprehend the GIS needs of applications and develop smart data solutions to deliver the data, Referrals increase your chances of interviewing at Insight Global by 2x. The Palm Spring Daily News and The Real Deal link Shleifer to the purchase. The Tiger Global partners Scott Shleifer and John Curtius moved to the Miami area earlier this year. Scott Shleifer tiger global Media & Entertainment Chris Rock gears up to talk about The Slap in a live performance on Netflix this Saturday Connie Loizos 4:05 PM Tiger Global is estimated to invest around 30% of its capital in early stage (Series A and B) startups, and 20.5% directed toward Series C startups. When TikTok CEO Shou Zi Chew testifies before Congress next month, hes likely to face heated questions about the apps Chinese ownership. In the early 2000s, Coleman and partner Scott Shleifer added private investments to the mix, realizing before many of their peers that they might find higher returns outside of public markets. After QuickNode raised $35 million from Tiger, Curtius took the team out to dinner at Carbone. On this Wikipedia the language links are at the top of the page across from the article title. Recently public companies backed by Curtius, such as data infrastructure companies Snowflake and Confluent, are trading down about 50% or more for the year. Stripe has cut the valuation for its multi-billion-dollar fundraising by about 10% to around $50 billion, according to two people familiar with the situation, underlining the challenges that Stripe has faced in completing the fundraising. [13] Its notable funds include Tiger Global Investments (the firms flagship long-short fund) and Tiger Global Long Opportunities (long-only).[5]. We look forward to providing you with even more cutting-edge market research, as Topio Networks. Receive a summary of the day's top tech newsdistilled into one email. The new funds size was slashed to $6 billion from $8 billion initially, the report said. Click the link in the email we sent to to verify your email address and activate your job alert. At this time, you cannot modify or cancel an order once it's placed. Scott Shleifer has an ownership stake in Tiger Global Management, LLC of less than 5%. In a funding round announced last week, a $50 million Series B raised by data onboarding service Flatfile, Curtius was quoted on behalf of Tiger, the rounds lead investor. The global payments startup Ontop raised $20 million from Tiger Global and SoftBank last month. The new fund is called Tiger Private Investment Partners XIV, but it's actually Tiger Globals 13th venture fund, according to the site. The New York-based hedge fund company was in talks to raise $6 billion in its new venture fund, Bloomberg had reported in October. Wheres all this coming from?It turns out, startups and venture capitalists are scratching their heads a bit, too, House Committee Approves Bill to Give Biden Power to Ban TikTok, Teslas Wants to Grow Car Sales from 1.3 million in 2022 to 20 Million, Salesforce Shares Jump 15% Despite Weak Revenue Forecast, By Kevin McLaughlin · March 1, 2023. Get notified about new Information System Architect jobs in Lansing, MI. More local founders may be feeling the love, too. And as Tigers investor note revealed, the firm has also been quietly marking down its private company valuations since before Curtius Midas List appearancemarkdowns that are likely not done, given the lag in repricing of private companies compared to publicly traded stocks. Here are some staggering numbers for you. Among other prospects, this highlighted three Chinese web portals: Sina, Sohu, and NetEase. [12], In June, the firm's venture capital losses were reported to be less severe than those of the firm's funds. He was a Board Member at Postmates. In the wake of the Nasdaq technology bust, he could find nothing exciting. Forbes recently ranked Scott Shleifer at No. But Curtius expects to launch his own firm called Cedar Investment Management upon his final departure in June 2023, a source with knowledge of his thinking told Forbes. The letter made no mention of Curtius plans after Tiger. They were also concerned with how long an investor would be around. They are meeting portfolio companies to understand their problems the person added. After publication, a source with knowledge of Tigers holdings told Forbes that in both of those investments, Tiger holds preferred shares, mitigating its financial downside. The firms flagship fund lost half its value over the first six months of the year, positions worth billions of dollars; in August, Reuters reported the firm was reducing positions in tech companies including Coinbase, Crowdstrike and Snowflake, among others, while exiting positions in others including DocuSign, Robinhood and Zoom. The virtual events platform laid off 29% of staff this past July. Overall, startup funding in Miami nearly doubled in the third quarter to nearly $1.4 billion raised in 72 deals, up from $718 million in 45 deals in the second quarter, according to CB Insights. The original brown sugar bubble tea with fresh cream and a unique tiger stripe design. Others have tried to imitate, but can't compare to the quality and care that goes into our 8-hour preparation. [5], In March 2022, Tiger Global raised $12.7 billion for a new fund to back fast-growing technology companies in their early stages; the firm has reported 900 investors involved in the new fund. Ultimately, QuickNode's cofounders decided that keeping control was so important to them that they turned down other attractive offers, including at least one that came with a higher valuation, to go with Tiger. Win whats next. Direct message the job poster from Insight Global. Curtius, who joined the firm from Elliott Management in 2017, was the newest prominent face behind many of those startup deals, especially after Lee Fixel, another Midas List fixture and longtime Coleman lieutenant, left in 2019 to launch his own new firm. [9] By June 2022, the firm's hedge fund and its long-only fund had respectively declined 52% and 62% in value since the beginning of the year. [6], From the period of 2007 to 2017, according to the Preqin Venture Report, Tiger Global raised the highest amount of capital amongst venture capital firms. He caught brain-eating amoeba. Get the full list, Tiger Global Private Investment Partners XII, Tiger Global Private Investment Partners X, Youre viewing 5 of 9 affiliated funds. Startups sometimes wait months to announce their funding news, meaning such an announcement could have been delayed. His mission was to scope out hedge-fund investments in semiconductors and hardware. 41 on its Midas List of top tech investors. He also met founders and early-stage investors and (Tiger Globals) partners from India who accompanied him for these meetings. Tiger Global had also upped its Series A bets in India more than three-fold this year. Tiger Global has been a formidable backer for Indian startups at lofty valuations, but its executives have shied away from making personal investments in India. Stripe Cuts Valuation to $50 Billion After Facing Fundraising HurdlesRead Now. Other more recent investments include fresh produce e-commerce platform Meicai, food delivery app Postmates and Beijing-based co-living group Danke Apartments. Alex Cook, another partner at Tiger Global, based out of New York, who manages many investments in India, has come down to the country at least twice this year. in economics, Magna Cum Laude, from the Wharton School at the University of Pennsylvania. The latest example: the blockchain-development platform QuickNode raised $35 million last week in an oversubscribed round led by Tiger Global with participation from Seven Seven Six, Soma Capital, and other investors. Scott Shleifer Age:37 Founder and Managing Director of Tiger Global Managements private equity unit. Still, Tiger Global told investors this summer that it was slowing down its startup investing as part of a push to write earlier, smaller checks, according to a TechCrunch report.
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