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Huh, few months back this [1] was shared here[2] and also this[3] The import was Tiger is somehow playing investment game at totally different level. And they

by geodel 4y ago

Huh, few months back this [1] was shared here[2] and also this[3] The import was Tiger is somehow playing investment game at totally different level. And they are totally upending whole VC model with their speed of investment and little due diligence. It definitely felt a whole lot of bullshit to me. 1. https://www.readthegeneralist.com/briefing/tiger-global https://www.readthegeneralist.com/briefing/tiger-global 2. https://news.ycombinator.com/item?id=29296904 https://news.ycombinator.com/item?id=29296904 3. https://randle.substack.com/p/playing-different-games?s=r https://randle.substack.com/p/playing-different-games?s=r

AlexandrB 4y ago
Loved this from [3]: > On the contrary, we are seeing the emergence of a new velocity-focused strategy in the venture/growth3 asset class that will fundamentally change the way that venture capital is raised. Or, and I'm just spitballing here, capital was cheap because interest rates have been at all time lows for years. You only find out which one it is when interest rates start to go up.
- Proven 4y ago
antupis 4y ago
Tiger probably did get pretty good managment fees so they are not losers here.
- geodel 4y ago
  Yeah, I mean if they are burning whole lot of dumb money, it can be good in a way.
bps4484 4y ago
Weirdest quote the TC article was "In the meantime, Tiger Global, which prides itself on its due diligence" They are notorious for outsourcing their due diligence and often not even paying attention to it. They pride themselves on moving fast, not diligence. I liked the investment thesis of "get founders money and get out of their way" and hopefully other VCs learned something from it, but they certainly lacked a lot of control in how they operated.
- geodel 4y ago
  > I liked the investment thesis of "get founders money and get out of their way" It's a great theory. I read somewhere Masayoshi Son looks in founder's eyes to decide if they are trustworthy, same with George W Bush who would look into other leader's eyes to decide if they are someone he can do business with.
  - bps4484 4y ago
    I can't tell if you're being sarcastic. I don't mean about looking someone in the eye, but I do mean cutting through a multiple months long dance to get someone money when they are in a full sprint growing their business, or sitting on their board and meddling when you don't have experience operating a company. I think VCs can learn something from that.
  - nradov 4y ago
    For those who don't get the reference, in 2001 President George W. Bush had this to say about Vladimir Putin: "I looked the man in the eye. I found him to be very straightforward and trustworthy. We had a very good dialogue. I was able to get a sense of his soul; a man deeply committed to his country and the best interests of his country."
    - pbhjpbhj 4y ago
      Your implication, presumably, being that it is factually a poor way to judge character.
      - saiya-jin 4y ago
        Of course it is, if other side knows this they will train and react in a way to appease. And a KGB apparatchik should know a trick or two about psychology, manipulation etc. Especially quirks of US president, the counterparty in global political games. He may be internally with himself still working the same 'patriotic' game, but currently in some very f**ed up psychotic way. But to be honest, I don't believe it - he stole half of Russia, continued and improved system of state-managed corruption and theft, russian population is a poor miserable one more than ever. He clearly doesn't care for murdering fellow close slavs, and other russians neither. But billion dollar worth pallaces and superyachts are fine for 'great leader' I presume. Actions speak for themselves more than some shallow talks or staged trained looks. Or maybe its just the good old 'power corrupts' theme. He certainly is just a mere shadow of his former self, at least the part public can see.

by geodel 4y ago

AlexandrB 4y ago

Loved this from [3]: > On the contrary, we are seeing the emergence of a new velocity-focused strategy in the venture/growth3 asset class that will fundamentally change the way that venture capital is raised. Or, and I'm just spitballing here, capital was cheap because interest rates have been at all time lows for years. You only find out which one it is when interest rates start to go up.

Proven 4y ago

antupis 4y ago

Tiger probably did get pretty good managment fees so they are not losers here.

geodel 4y ago
Yeah, I mean if they are burning whole lot of dumb money, it can be good in a way.

bps4484 4y ago

Weirdest quote the TC article was "In the meantime, Tiger Global, which prides itself on its due diligence" They are notorious for outsourcing their due diligence and often not even paying attention to it. They pride themselves on moving fast, not diligence. I liked the investment thesis of "get founders money and get out of their way" and hopefully other VCs learned something from it, but they certainly lacked a lot of control in how they operated.

geodel 4y ago
> I liked the investment thesis of "get founders money and get out of their way" It's a great theory. I read somewhere Masayoshi Son looks in founder's eyes to decide if they are trustworthy, same with George W Bush who would look into other leader's eyes to decide if they are someone he can do business with.
- bps4484 4y ago
  I can't tell if you're being sarcastic. I don't mean about looking someone in the eye, but I do mean cutting through a multiple months long dance to get someone money when they are in a full sprint growing their business, or sitting on their board and meddling when you don't have experience operating a company. I think VCs can learn something from that.
- nradov 4y ago
  For those who don't get the reference, in 2001 President George W. Bush had this to say about Vladimir Putin: "I looked the man in the eye. I found him to be very straightforward and trustworthy. We had a very good dialogue. I was able to get a sense of his soul; a man deeply committed to his country and the best interests of his country."
  - pbhjpbhj 4y ago
    Your implication, presumably, being that it is factually a poor way to judge character.
    - saiya-jin 4y ago
      Of course it is, if other side knows this they will train and react in a way to appease. And a KGB apparatchik should know a trick or two about psychology, manipulation etc. Especially quirks of US president, the counterparty in global political games. He may be internally with himself still working the same 'patriotic' game, but currently in some very f**ed up psychotic way. But to be honest, I don't believe it - he stole half of Russia, continued and improved system of state-managed corruption and theft, russian population is a poor miserable one more than ever. He clearly doesn't care for murdering fellow close slavs, and other russians neither. But billion dollar worth pallaces and superyachts are fine for 'great leader' I presume. Actions speak for themselves more than some shallow talks or staged trained looks. Or maybe its just the good old 'power corrupts' theme. He certainly is just a mere shadow of his former self, at least the part public can see.