Jerome Letter Joins Corner Ventures and Corner Growth Acquisition Corp.
February 18 2021 - 5:08PM
Business Wire
Former CFO & COO of Airbnb’s luxury
business unit appointed Partner, CFO & COO of the early-growth
stage venture capital firm and CFO & COO of the late-stage
growth SPAC
Corner Ventures and Corner Growth Acquisition Corp. (Nasdaq:
COOLU) (“Corner Growth” and, together with Corner Ventures,
“Corner”) today announced the appointment of Jerome (“Jerry”)
Letter as Partner, Chief Financial Officer and Chief Operating
Officer of Corner Ventures, and Chief Financial Officer and Chief
Operating Officer of Corner Growth. David Kutcher, the current
Chief Financial Officer of Corner Growth, will become the Chief
Investment Officer for Corner Growth.
“Jerry comes to Corner with over 20 years’ experience as an
operator and an investor and brings a strong network and wealth of
experience in corporate finance and operations as both a private
company investment professional and a technology company
executive,” said Marvin Tien, Co-Founder & General Partner of
Corner Ventures, and Co-Chairman & CEO of Corner Growth. “His
strong capabilities in corporate development, mergers &
acquisitions, and as a board member is an invaluable asset to both
our venture capital and SPAC platforms.”
“I’m excited to be joining Corner to help drive the firm’s
proven venture capital success and recent SPAC effort,” said Mr.
Letter. “The Corner team’s stellar reputation in Silicon Valley as
investors and operators is compelling not only to me as a partner
of the firm, but also to the Venture Capitalists and entrepreneurs
who select Corner as their partner of choice for accelerating
growth as they progress through their company’s lifecycle.”
Prior to joining Corner, Mr. Letter was Director of Operations
and Finance at Airbnb and Chief Financial Officer and Chief
Operations Officer of Airbnb’s luxury business unit, where he was
responsible for home supply and quality, service product design,
guest experience/hospitality, strategy, finance, and business
operations. Previously, he served as Partner, Chief Financial
Officer and an Investment Professional at InterMedia Partners,
L.P., where he led the execution of multiple buy-side transactions,
served on the boards of directors of portfolio companies and
managed the successful sale processes for several portfolio
companies. Prior to that, he was a co-founding executive and held
senior-level management roles at Yankees Entertainment & Sports
Network (YES Network), the regional sports network home of the New
York Yankees and before that, he held senior finance positions at
Exodus Communications, Inc. and GlobalCenter Inc. in the Silicon
Valley. He began his career at Arthur Andersen.
Mr. Letter received his Master of Business Administration from
Columbia University’s Business School and a Bachelor of Science
from Indiana University’s Kelley School of Business. He is also a
Certified Public Accountant.
About Corner Ventures
Corner Ventures invests in the next generation of iconic
technology companies. Since our founding in 2004 as DAG Ventures,
we’ve partnered with top-tier early-stage venture firms and
entrepreneurs to create exceptional outcomes. In 2018, DAG Ventures
was rebranded Corner Ventures as the firm’s next chapter to
continue building upon our legacy as a trusted partner and resource
to founders, seed and Series A investors, and world-class
innovators by providing unique insights, strategic growth capital,
and access to global investors and commercial networks. From our
offices in Palo Alto, New York, Tel Aviv and Tokyo, we work closely
with our partners, portfolio companies and their respective
founders to help navigate the transition from promising start-up to
category-defining leader. We have invested in over 180 companies,
with over 145 exits, including 30 IPOs.
(www.cornerventures.com)
About Corner Growth Acquisition Corp.
Corner Growth Acquisition Corp. (Nasdaq: COOLU) is a special
purpose acquisition company (SPAC) focused on partnering with a
high growth technology company. Corner Growth’s mission is to
deliver value to its investors by providing a compelling
alternative to a traditional public offering. The company is
uniquely positioned to deliver on its value-add approach given its
management team’s history, experience, relationships, leadership
and track record in identifying and investing in disruptive
technology companies across all technology verticals.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210218006075/en/
Company Contact: Kevin Tanaka Director of Corporate
Development Corner Growth Acquisition Corp.
kevin@cornercapitalgroup.com Media Contact: Brian Ruby ICR
Brian.ruby@icrinc.com
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