Playing different games – the Tiger phenomenon

The hedge fund Tiger Global and several offshoots are aggressively deploying capital into startups with little diligence, historically high prices, and lighting fast speed. “Hah! You’re telling me — I heard they did [Deal X] in 24 hours after only getting a P&L for diligence and came in 25% over the founder’s asking price!” What’s happening here? This post goes on a bit too long but is entertaining! learn more

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