This Week in Startups How Tiger Global is outpacing VC with better, faster, cheaper, capital ft. Founders Fund’s Everett Randle | E1207
Apr 30, 2021
Everett Randle, Principal at Founders Fund and former team member at Bond Capital and Kleiner Perkins, delves into Tiger Global's rapid, disruptive strategies in the investment landscape. He discusses how they are reshaping venture capital by taking significant stakes in startups and the implications for founders. Randle introduces his "Walmart of VC firms" model, emphasizing the importance of founder trust amid aggressive capital deployment. The conversation also touches on evolving funding dynamics and the challenges faced by traditional investors.
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Tiger Global's Strategy
- Tiger Global, a crossover hedge fund, invests in both public and private tech companies.
- They're moving upstream into venture capital because of the high returns and low competition in the Series B to pre-IPO space.
Scaling Investments
- Tiger Global's strategy involves scaling their investments by writing smaller checks initially.
- These smaller checks open up opportunities for larger investments later and let them build an index-like portfolio.
Choosing Investors
- Founders should focus on choosing investors who bring strategic value beyond just capital.
- Be wary of investors who primarily offer brand recognition or board seats without significant operational expertise.