The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 32 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Guo: Tiger Global's index-style early-stage strategy will perform poorly
“Short on a multi-stage fund. I think early in growth investing is more different than it appears. And so I think there are firms that like, you know, tried the early stage investing route with like a blanket based approach. And like, I don't know if that's goi…”
Deeter: Tiger Global Created Reckless Overfunding and Poor Governance
“There was a lot of happy disruption and big thinking and creativity that, that I applaud. And there was a lot of reckless overfunding and deal work and non-governance that that we're gonna have to clean up for quite a while.”
O'Driscoll: Tiger Global and SoftBank are shadows of their former selves
“Tiger's the obvious example. Now, they're still around, but a shadow of their former selves. Their quote unquote relevance in 2021 meant that they saw every deal that year, but they picked badly, so they got sent home. Same thing with SoftBank.”
O'Driscoll: Tiger Global and SoftBank are out of the venture game
“I mean, the big, I mean, the big momentum, the two biggest momentum players Of the last decade, Tiger and SoftBank are already out of the game.”
Frankel: Tiger Global operated like a casino
“Those guys were just like a casino. One call to John at Tiger. Like, 20 on 80, no problem.”
Suster: SoftBank, Tiger, Coatue, and Insight marked 60% of 2021-2022 unicorns
“Of the 1260% were marked by four firms, ok? SoftBank, Tiger, Coachu, and Insight.”
Doug Leone: High-velocity VCs cannot provide genuine company-building support
“You cannot do what we do if you're investing in five deals a week. There's no way to do that.”
Ehrenberg: Tiger Global and Coatue face horrific portfolio markdowns ahead
“You know, their mark to market now, the next couple of years is going to be horrific. They're going to see huge markdowns on a huge swath of their companies, a bunch of stuff that they had counted on to go public isn't going to go public.”
Leone: Fast-paced funds doing five deals a week cannot build companies
“Product market fit is yours. We do everything else. You cannot do what we do if you're investing in five deals a week. There's no way to do that.”
Claure: Tiger Global replicated SoftBank's model, forcing faster dealmaking
“Tiger basically has replicated the SoftBank model, and there's nothing magical about what they're doing, and it's great, because what Tiger does, it forces my teams to make quicker decisions now.”
Ferriss: VCs and crossover funds bloated seed valuations and ruined angel terms
“Then around 2015, a lot of the VCs started coming downstream. Or upstream, as it were, choose your metaphor. And they were hunting in the same ponds that the angels were. And before you know it, then you have like Tiger Global and all sorts of other folks who …”
O'Driscoll: Tiger Global Doing 300 Deals in 2021 Was a Total Mistake
“They did 300 odd deals in 2021. Obviously, in retrospect, total mistake.”
Lemkin: Inside VC Funds Are Flooding High-Growth Portfolio Companies With Unprecedented Capital
“Anyone in my portfolio that is growing quickly, the insiders flood it with capital, flood it with flood it with capital in a way I've never seen in my whole career flood. Everyone used to be a risk averse and then they wanted tiger to do it and they wanted sof…”
Mohnot: Tiger Global will raise much smaller funds moving forward
“And I think, so I think they're doing a really good job now, and I think I think it's gonna be a much smaller fund, and like you said, it's gonna be a ton of their own GP money, but I'm excited about them. I think they're good actors.”
Quist: Tiger Global will retrench and deploy less private capital annually
“I think they retrench probably at slightly smaller scale on the private side, the public book. I don't know. There aren't a lot of firm, not a lot of public books that have recovered from being down that far. But they're kind of an unprecedented institution in…”
Bill Gurley: Tiger Global's late-stage strategy is meticulous and research-driven
“Having talked to Scott and understand what they're doing, it's very meticulous and Top down. Tons of research. They have a plan they're executing on, but that's provoking other people to lay chase”
Michael Eisenberg: Massive funds like Tiger Global overwhelm down-market cap tables
“What we often don't pay attention to is if you've got the largest war chest at the table, you've got a shot to overwhelm the cap table in a down market. Meaning, if I'm Tiger and, you know, I'm taking a large round from Tiger at a company, then the company nee…”
Gurley: Tiger Global's venture strategy is meticulous and research-driven
“Having talked to Scott and understand what they're doing, it's very meticulous and Top down. Tons of research.”
Hans Tung: Tiger Global's public-private hybrid model is the future of VC
“But I mentioned that I think back in 2013, the model to look at will ends up being something what Tiger Global is building because it's multi-stage and it is a public fund that if you do that well, The profits of that can help to subsidize growth of their priv…”
Lemkin: Tiger Global made only 9 deals in 2024 versus over 100 in 2021
“They did raise a prior fund about 2.2 billion, right? In 23. They only did nine deals this year versus a hundred and some odd in 2021.”
Randle: Tiger Global will perform much better than consensus expects
“I think Tiger's gonna end up much better than anyone thought they were going to end up.”
Stebbings: Tiger Global will outperform expectations due to OpenAI, Scale AI
“Tiger will do better than people think, given their position, given their positions in open AI scale.”
Harries: Current AI wave, not COVID boom, is right time for aggressive VC investing
“The wrong time to be the tiger global play of investing quickly was back in the COVID boom. The exact right time is now, when I think you have this unlock of capabilities with the AI models, which has meant new products which just couldn't exist before.”
Kanji: VC Employees Optimize for Fast Markups Over Real Returns
“If you're the general employee, you optimize for getting to the next career ladder, and how do you show that you can get to the next career ladder? You do a deal, and then General Catalyst, or Index, or Kleiner, or Sequoia, or Andreessen, I mean, there are so …”
Lemkin: Momentum funds like Tiger and SoftBank will return when multiples spike
“I just think when those things are going to die and then when Multiples get insane again. They'll all reappear. They're just high multiple vehicles, right?”
Hankes: Tiger Global Passed on Canva by Misapplying Enterprise Software Metrics
“When I was at Tiger, I flew out to Sydney and spent a bunch of time with the Canva team in person. And, you know, it's obviously now people know about it. It's a remarkable company at the time. It was much smaller than it is now. And At the same time, we were …”
Hans Tung: Tiger Global subsidizes private equity diligence with public fund profits
“The model to look at will end up being something what Tiger Global is building, because it's multi-stage, And it is a public fund that if you do that well, the profits of that can help to subsidize growth of their private equity business, and they can afford t…”
Suster: Upfront Ventures participated in zero SoftBank or Tiger deals
“So we had zero SoftBank deals, we had zero Tiger deals, we had one Coatoo deal, one Insight deal.”
Hankes: Asking Operator-Level Questions Fosters Deeper Founder Empathy
“The way we'd ask that same question is, if I'm a SDR on your sales team and I'm trying to qualify a prospect, you know, what am I looking for? At the end of the day, it's really the same question. You could even argue that the way we do it at Thrive is less ef…”
Hommels: Lee Fixel Led Tiger Global's Top Emerging Market Deals in His Twenties
“So, when he was at Tiger, so he was in MercadoLibre, he was in Yandex, he was in Flipkart, and it basically, it was A one man show on the plane, starting there was 28, 29.”