Thoughts on Tiger Global VC Raise
So Tiger closed 2.2B on a 6B hard cap for its VC fund, down from 12.7B previous fund...
Fascinating to me that such a storied firm would struggle that much, despite its mistakes. Thoughts on what this means for the venture space?
Honestly not that bad, Tiger was by far the least disciplined big name growth/vc investor in ‘21. Pretty much people giving the PIP team another shot at putting together a reasonable growth fund, before closing up shop, I wouldn’t be shocked if there’s a lot of checks into existing good port cos + more of an emphasis toward ai and/or profitability from day 1. Might be a good indicator for other zirp era growth/vc funds, who are currently struggling, but anyone who’s been disciplined since ‘21 should have an opportunity to sell themselves differently than tiger in their next raise. Series A+ has still been down a ton since ‘21 so this fund size is much more appropriately sized given the current market. Tbh I wouldn’t read into it even from the perspective of LP appetite towards VC as a whole.
Sounds small but frankly how many growth deals you see around? And the few funny ones we see are tiny in size. That $2.2Bn will go far.
The majority of it is surely internal capital. There was more internal capital in the last fund than the entire size of this fund.
cant imagine many institutional LPs want to take career risk of investing in TG after the amount of press on terrible DD/discipline and personal issues with the partners
Molestiae et fugiat totam et. Accusamus enim voluptas nemo sint accusamus necessitatibus. Qui modi eos et a odit atque sunt asperiores. Accusamus nihil quia et et.
Veritatis inventore rerum reprehenderit architecto a cum. Porro aut neque inventore culpa magnam sapiente. Voluptate asperiores quis quo provident quidem sunt qui. Voluptas quisquam rerum eveniet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Pariatur omnis architecto soluta molestiae porro unde. At inventore maxime autem voluptas.
Animi voluptatem sed nemo officia. Aspernatur repudiandae explicabo natus quos cupiditate. Iste odio quia veniam quis. Et repudiandae error iure maiores in tempore.
In enim voluptatem repellat saepe. Voluptatibus quod repellat at sit. In velit ut eos eos facilis. Incidunt rerum vel esse voluptas sint doloribus aliquid. Adipisci minus voluptatem nam deserunt aliquam placeat aliquid beatae. Hic molestiae omnis qui atque esse et nihil.