It does feel to me like a, the middle layer of this capital stack is just been absolutely squashed. If you don't get into those early rounds, you're not getting into the start up end of the day. And i think what some of these j c funny penny funds are already doing, and we'll see a lot of them do, which i think is a bad response.
Tiger Global, a crossover hedge fund, is moving at an unprecedented speed and scale in venture capital. Everett Randle of Founder's Fund joins Jason to break down Tiger Global's strategy, discuss the implications for the investing ecosystem (13:14), explain his "Walmart of VC firms" mental model (24:42), and more! Pod Notes: http://bit.ly/E1207Tnotes