Al having recently announced a Series B investment in Device Authority by Ten Eleven Ventures just before the year-end, discusses the strategic rationale behind the investment, concerns over Device Authority’s valuation and why Ten Eleven Ventures was considered the optimal partner at this stage. Al also addresses comments suggesting that Tern turned down a $50 US million offer for Device Authority a few years back, shares insights into its progress with portfolio companies, plans for exits, generating cash for its shareholder as well as commenting on Tern’s costs, especially remuneration, are which some have considered too high and finally shares his thoughts on the future of the company.