Disclaimer
Confidentiality, Proprietary
Information and Forward-Looking Statements
Confidentiality and Disclosures
This presentation has been prepared for use by Thayer Ventures Acquisition Corp (TVAC) and Inspirato LLC (Inspirato) in connection with
their proposed business combination. This presentation is for information purposes only and is being provided to you solely in your capacity as a potential investor in considering an investment in TVAC and may not be reproduced or redistributed, in
whole or in part, without the prior written consent of TVAC and Inspirato. Neither TVAC nor Inspirato makes any representation or warranty as to the accuracy or completeness of the information contained in this presentation. The information in this
presentation and any oral statements made in connection with this presentation are subject to change and are not intended to be all-inclusive or to contain all the information that a person may desire in
considering an investment in TVAC and are not intended to form the basis of any investment decision in TVAC. This presentation does not constitute either advice or a recommendation regarding any securities. You should consult your own legal,
regulatory, tax, business, financial and accounting advisors to the extent you deem necessary, and must make your own decisions and perform your own independent investment analysis of an investment in TVAC and the transactions contemplated in this
presentation.
This presentation and any other oral or written statements made in connection with this presentation shall neither constitute an offer to sell nor
the solicitation of an offer to buy any securities, or the solicitation of any proxy, vote, consent or approval in any jurisdiction in connection with the proposed business combination, nor shall there be any sale of securities in any jurisdiction
in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdictions. This communication is restricted by law; it is not intended for distribution to, or use by any
person in, any jurisdiction where such distribution or use would be contrary to local law or regulation.
Additional Information and Where to Find It
In connection with the proposed business combination, TVAC filed a registration statement on Form S-4 which was declared effective on
January 18, 2022 (the Registration Statement) that includes a definitive proxy statement with respect to TVACs securities to be issued in connection with the proposed business combination that also constitutes a prospectus of
TVAC and has mailed a definitive proxy statement/prospectus and other relevant documents to its shareholders of record as of December 21, 2021. The Registration Statement, including the proxy statement/prospectus contained therein contains
important information about the proposed business combination and the other matters to be voted upon at a meeting of TVACs shareholders to be held to approve the proposed business combination and other matters (the Special Meeting)
and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. Before making any voting decision, TVACs shareholders and other interested persons are advised to read the Registration
Statement and the proxy statement/prospectus, as well as any amendments or supplements thereto, and all other relevant documents filed or that will be filed with the SEC because they will contain important information about the proposed business
combination. TVAC shareholders will also be able to obtain copies of the definitive proxy statement/prospectus, without charge, at the SECs website at www.sec.gov or by directing a request to TVAC@mzgroup.us. The information contained on, or
that may be accessed through, the websites referenced in this document is not incorporated by reference into, and is not a part of, this document.
Forward-Looking
Statements
Certain statements in this presentation may constitute forward-looking statements within the meaning of the federal securities laws.
Forward-looking statements include, but are not limited to, statements regarding TVACs or Inspiratos expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:
(i) the size, demands and growth potential of the markets for Inspiratos products and Inspiratos ability to serve those markets, (ii) the degree of market acceptance and adoption of Inspiratos products,
(iii) Inspiratos ability to compete with other companies engaged in the luxury travel industry, (iv) Inspiratos ability to continue to obtain new and renew its existing supply of luxury travel properties; Inspiratos
ability to attract and retain members, (v) the implied upside and implied valuation of Inspirato and (vi) Inspirators projected financial results, including whether Inspirato may optimize or prioritize for growth or margin within the
projected years and the resulting actual financial results and performance for such projected years. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. The words anticipate, believe, continue, could, estimate, expect, intend, may, might,
plan, possible, potential, predict, project, should, strive, would and similar expressions may identify forward-looking statements, but the absence of
these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject
to risks and uncertainties. You should carefully consider the risks and uncertainties described in TVACs reports filed with the SEC and available at the SECs website at www.sec.gov, including under the Risk Factors section of
TVACs final Registration Statement and other documents filed, or to be filed, by Thayer Ventures from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and
results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and TVAC and
Inspirato assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither TVAC nor Inspirato gives any assurance that either TVAC or Inspirato
will achieve its expectations.
Use of Projections
The financial projections,
estimates and targets in this presentation are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond TVACs and Inspiratos control.
While all financial projections, estimates and targets are necessarily speculative, TVAC and Inspirato believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the
projection, estimate or target extends from the date of preparation. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain and are subject to a wide variety of significant business, economic and
competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial projections, estimates and targets. In particular, assumptions around increased margins are predicated on reducing
growth-oriented acquisition and operating spend, achieving economies of scale and in-destination critical mass and a reduction in operating expenses. There can be no assurance that Inspirato will be able to
achieve these efficiencies and cost reductions or that if Inspirato does achieve them they will have the desired effect. The inclusion of financial projections, estimates and targets in this presentation should not be regarded as an indication that
TVAC and Inspirato, or their representatives, considered or consider the financial projections, estimates and targets to be a reliable prediction of future events.