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DiggStuart Peterson, president of San Francisco hedge fund Artis Capital Management, has purchased one of the San Francisco Bay Area's most expensive homes, according to The San Francisco Chronicle. As you may recall, Artis Capital Management is the lucky hedge fund that invested in YouTube's $8 million second round of funding alongside Sequoia Capital prior to the online video startup's $1.65 billion sale to Google.
The 11-bedroom house had been on the market for four years and is selling for $4 million less than the original asking price. A high school classmate of mine lived in the property in the early 1990s and invited me up to play racquet ball in what is now the property's theater. I remember thinking at the time that the house was pretty nice but the racquet ball court was very 80s. Here's some photos:
Tags: youtube, google, vc, venture capital.
I'm amazed to hear a racquetball court was originally in the cinema space-- I was there a couple years ago, and that room didn't seem nearly big enough to fit a racquetball court! Interesting. Agree with the "very 80's" comment-- most of the house seemed that way, to me. The SF views blew any bad decor choices out of the water, though.
My '87 Dodge Lancer would look pimpin' in that driveway.
pimp on Stuey!!