Here’s a roundup of interesting startup links I came across today:
Tiger Global’s risky billion-dollar investments in global tech startups – Rest of World
The New York-based hedge fund and venture firm had earned a global reputation for its fast-paced, “spray-and-pray” style of investing, writing giant checks far and wide in hopes that a small number of them would yield outstanding returns. Tiger rarely took board seats, assumed a hands-off approach to oversight, and while it invested in companies at all stages of their life cycle, it became known for driving up company valuations in late-stage deals. In 2021, it was the most prolific venture investor in the world, striking nearly one deal a day. That year, it closed a $6.65 billion fund. By the following year, it raised nearly double that amount, closing — and promptly spending — a $12.7 billion fund in early 2022.
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