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 16 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 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
Rabois: Tiger Global will struggle with Series A investing
“And if Tiger thinks that they're going to be successful Series A investors, they're in for a very rude awakening.”
Friedberg: Peak-cycle venture books require more than 20% write-downs
“When I hear numbers like 20% for a fully invested mature book that invested during the peak of the cycle, it doesn't sound right that it's 20%. It sounds like it should be a lot lower.”
Sacks: Tiger Global is essentially out as a growth-stage capital provider
“Like we know tiger is basically out. I mean, they were the, basically the default provider of growth stage capital over the last couple of years.”
Gerstner: Altimeter will not join startup deals at 75x ARR
“If somebody calls me up tomorrow and says, Hey, Tiger's doing this deal at 75 times ARR. Do you want to do it? They would have to pry the dollar out of my fucking hand with a crowbar. I'm not risking my money or my partner's money.”
Sacks: Tiger Global competing in Series A rounds is a poor strategy
“So I don't know that if this report, I don't know if this reporting is actually true, but if the goal is all of a sudden for Tiger to become a Series A investor that competes with Kraft or Sequoia or these other firms that are very hands-on, that doesn't seem …”
Sachs: Crossover investors like Tiger and Coatue have paused venture spending
“What I've heard is that the crossover investors like Tiger, like Kotu, who are deploying all this money, they've really slowed down now. I think they're all kind of licking their wounds. And so like all of this money that was flooding into the venture space is…”
Sacks: Tiger Global was the biggest VC winner by productizing late-stage funding
“In our world, the biggest winner was Tiger Global. They basically productize growth stage capital by far the biggest deployer of late stage funding. They productized it. So pretty much founders can just send their metrics on like a single sheet of paper and th…”
Palihapitiya: Tiger Global cut private book 33%, AUM halved to $50B
“And then the fourth, which just came out today is that Tiger wrote down the value of their private book by 33%. For 2022. And so, you know, I think Tigers AUM basically has gone from a hundred billion to fifty billion in a year.”
Sacks: Tiger Global's model would have worked if valuations were accurate
“I actually think they did a reasonably good job in creating a great approach for founders who want late-stage capital. If the valuations have been correct, I think it would have worked.”
Calacanis: Tiger Global told LPs it is pivoting to Series A/B
“Tiger global told their LPs in a webinar earlier this month that it would no longer focus on backing late stage startups, preparing to go public. Instead, they will focus on two things going even earlier into series A and series B rounds and buying shares of p…”
Palihapitiya: Tiger Global announces a new venture deal every 48 hours
“Tiger, it says here in the notes, Tiger Global has announced the deal according to PitchBook every 48 hours in 2021.”
Sacks: Crossover investor pullback creates growth opportunity for smaller VC firms
“I think the fact that Tiger and the other kind of crossover investors, the fact they've pulled back way back from venture markets gives smaller firms like us an opportunity to do growth deals.”
Hefets: Divvy Homes raised a $200M preempted round from Tiger
“I'd say, so we raised a two hundred million dollar round from Tiger. It was preempted back about six months ago or maybe even nine months ago at this point.”