What this is
For R1/R2: timing; TPC group a 2015 holder,, still named in 2018,; Niantic says all original investors continue as Spatial shareholders, so the group still held at the 2025 exit = =; gain fully taxed; reserve rose, so no listed sale; 22× any prior item; no other disposal found,.
The values
- R1 parent Niantic gain smaller position: 0.62
- R2 parent Niantic gain equal position netted or higher cost: 0.08
- R3 group stake wholly or partly in TPCi parent gain partly other asset: 0.22
- R4 group exited before 2025 other asset: 0.03
- R5 other mixtures: 0.05
- P predominantly Niantic: 0.7
Where it comes from
Our calculation from other figures in the trainer’s notes:
- ReportedTiming: TPC year to February 2026 window contains the Niantic closing, year to February 2026
- ReportedWho invested in Niantic’s first funding round, October 2015
- ReportedSeries A (Oct 2015) investors named in Niantic release, October 2015
- ReportedIn October 2015 Nintendo, The Pokémon Company and Google agreed to invest up to $30m in Niantic
- ReportedNiantic prior investors incl. TPC, by December 2018
- ReportedSeries C previous investors (WSJ via BI India), December 2018
Show the working
- judgement
- weights sum to 1.00