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Welcome back to The Stratosphere.
 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
The Stratosphere
The Stratosphere

Welcome back to The Stratosphere.

Today, a dive into the black boxes that are billionaire family offices, and that specifically of Google co-founder Sergey Brin. I’d love to report on more intriguing family offices—reply to this email with any ideas or tips.

And as a reminder, if you have a friend or a colleague who might learn something from these weekly notes, they can subscribe here.

But first, four quick nuggets to share:

  • Stacey Abrams, a favorite of the Silicon Valley donor set and the Democratic candidate for governor in Georgia, is traipsing through the Bay Area this week for five fundraising events, according to invites I’ve seen. The events begin tomorrow afternoon and end with a Friday breakfast in Marin hosted by longtime Democratic mega-donor Steve Silberstein and featuring Jennifer Siebel Newsom, the wife of California's governor...

Can’t see the full story? You're receiving the free version of The Stratosphere at . For full access to Puck, and to each of my colleagues, you can subscribe here.

LEARN MORE
Sergey Brin’s $100B Private Fiefdom
Sergey Brin’s $100B Private Fiefdom
Bayshore, the family office at the center of Sergey Brin’s ongoing divorce, is a sprawling $100 billion entity with interests as disparate as Parkinson’s research, disaster relief, and superyacht management. Its real central interest, though, has been Sergey’s privacy—until now.
TEDDY SCHLEIFER TEDDY SCHLEIFER
Of all the surprises offered up in last month’s explosive, disputed Wall Street Journal investigation into the allegedly overlapping private lives of Elon Musk, Nicole Shanahan, and Sergey Brin—the purported “liaison” at Art Basel, the “rupture” and the bended-knee apology—the most revealing detail is Brin’s decision to dump his holdings in Musk’s companies. Not because it is market-making news: Brin holds less than 5 percent of Tesla’s stock, doesn’t sit on any of Elon’s boards, and may not have followed through with the divestment, anyway. Indeed, the Journal didn’t even mention the name of the immense entity that would have engineered those transactions and is now being thrust into the public eye: Bayshore Global Management.

But Bayshore has a fascinating story, in part because it is so private. Despite its estimated $100 billion in assets under advisement—greater than the endowments managed by Harvard and Yale combined—Bayshore has no website featuring its investment strategies, ultra-experienced security personnel, executive chefs, or yacht captains. There is no florid Silicon Valley-inspired mission statement describing how it is changing the world. Instead, the organization at the center of one of the industry’s most epic feuds and divorces is cloaked in secrecy—or in the delightful argot of the U.H.N.W., client discretion—which is, by design, the central value proposition of the entire family-office industry...

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FOUR STORIES WE'RE TALKING ABOUT
Netflix's Talent Squeeze
Netflix's Talent Squeeze
Netflix’s behind-the-scenes negotiation with SAG-AFTRA is putting Disney in a bind.
ERIQ GARDNER
Amnesty's Ukraine Faux Pas
Amnesty's Ukraine Faux Pas
Julia and Peter dissect Amnesty International's head-scratching Ukraine accusation.
PETER HAMBY
$5K for The Boss?
$5K for The Boss?
Matt and Lucas Shaw investigate a controversial concert ticketing system.
MATTHEW BELLONI
The MAGA Incubator
The MAGA Incubator
A conversation with Tina Nguyen on the past, present and future of the far right.
BARATUNDE THURSTON
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Dolor provident consequatur commodi consectetur accusantium possimus et qui praesentium et quidem tempora et voluptatum quidem magni et necessitatibus suscipit et saepe atque magni cum perferendis dolor enim eligendi aliquid molestias qui ut tenetur placeat deleniti sequi sint a itaque rem error ut sapiente dicta repudiandae facere rem hic nemo velit harum repellat perspiciatis accusamus voluptate unde reprehenderit amet a quasi et inventore voluptatem ut deleniti iste in non quia itaque id voluptates veritatis cum illum. Atque earum voluptatem magnam voluptatibus exercitationem doloremque provident cumque qui quisquam est ut mollitia velit sit nihil sunt ut libero similique dolores nulla quo architecto voluptas aut perferendis explicabo cumque iusto rerum eum sed quam delectus id recusandae error quis ut doloribus et dolor veniam deleniti explicabo dolores temporibus minima qui placeat accusamus doloremque reprehenderit sit ipsa commodi omnis commodi reiciendis dolores in perferendis impedit porro accusantium velit ad nemo iste amet ex vero maxime.
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Welcome back to The Stratosphere.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  Welcome back to The Stratosphere. Today, a dive into the black boxes that are billionaire family offices, and that specifically of Google co-founder Sergey Brin. I’d love to report on more intriguing family offices—reply to this email with any ideas or tips. And as a reminder, if you have […]
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