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The Bet
The Compound and Friends
The Problem With Alibaba's Model
There was a thought that there was an arbitrage between the private markets and the public markets. Tiger Global's vision fund was up marked to market, $60 or $70 billion. It's probably more than anyone had ever made in that space. But it wasn't... Given the time sheets,. So they were the conductors of the musical chairs and everybody was dancing to their sound and they had to do deals.
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