Filed by Thayer Ventures Acquisition Corporation pursuant to
Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: Thayer Ventures Acquisition Corporation
Commission File No.: 001-39791
This filing relates to the proposed business combination between Inspirato LLC (Inspirato) and Thayer Ventures Acquisition Corporation
(Thayer) pursuant to the terms of that certain Business Combination Agreement, dated as of June 30, 2021 (the Business Combination Agreement).
THE FOLLOWING IS THE TEXT OF THE INTERVIEW WITH BRENT HANDLER (CHIEF EXECUTIVE OFFICER, INSPIRATO LLC) BY YAHOO FINANCE, DATED JULY 6, 2021.
Adam Shapiro (AS): Its one thing to say pass the Grey Poupon. Its another thing to say it when you can afford to ask that question in a
place like Aspen or Saint Kits. Lets bring into the stream right now Brent Handler. He is the CEO of Inspirato, which is a luxury travel company about to go public. And what youve actually done is, youve taken luxury travel to a
whole new level because you have memberships that cost correct me if Im wrong $25,000 a year so that your clients and there are quite a few of them get the finest of the finest by booking via your site. Is that
correct?
Brent Handler (BH): Um, close, yes. Let me just kind of back up and talk Inspirato is a luxury subscription travel company.
We have two subscriptions, one is called Club. Its $600 a month, so $7,200 a year, and you pay for travel as you consume it. So if you wanted to go to Aspen as you just mentioned and it was $1,000 a night, you would pay $1,000 a night. We also
have another subscription. We also have another subscription called Pass. Pass is $2,500 a month, but theres no nightly rates, taxes or fees. You choose from over 150,000 trips, and the day that you check out of a trip, you can book your next
trip. So its kind of like Rent the Runway if youre familiar with that model, or the original Netflix model where DVDs would get shipped to your house. The day you would ship back your DVD, you would get a new one. So in your
example, if you wanted to go to Aspen in August, three weeks from now, or a month from now, you would book that trip the day you checked out. You could book your next trip and maybe you wanted to go to Tuscany, Italy. When you check out from that,
maybe you wanted to go to New York, etc.
Seena Smith (SS): Brent, what has demand been like as we see this bounce back in travel I guess? Have you
seen a huge surge on your platform?
BH: We have. Our demand prior to COVID for Pass, which was launched in the summer of 2019 that product
grew to over $75 million of subscription revenue in about 7 1/2 months. So we knew that that product was going to do really well. Then we went through the pandemic and we were quite resilient because we had, you know, subscribers who were still
paying just like most people would still pay for their Country Club membership. We also got a lot of relief on things like force majeure with rent. But then once people started traveling again, lets call it last summer, we did start to see a
tremendous boom. We have a lot of tailwind. Part of that is coming with the work from home craze. We have a lot of houses. People were preferring houses more than hotels and people are really intrigued by this idea of subscription travel where you
dont have to pay any nightly rates, taxes or fees. You get great value and youre able to experience different places around the world. So since travel has really started to bloom, weve now just seen unprecedented demand.
AS: Um, again, correct me if I get it wrong. Im all about being corrected, but did you have, was it, $1.2 billion in revenue in the first
quarter of this year. Is that accurate?