A new disclosure shows, again, how badly Tiger’s ‘pray and spray’ fund performed

Quick Summary:

Tiger Global famously fueled the pandemic-era venture capital boom, investing heavily in a wide range of startups, setting up bidding wars for even the most unproven startup that led to sky-high valuations.

In 2021 alone, the hedge fund backed 315 startups, according to PitchBook data.

For example, Valor Equity Partners’ fifth fund paper returns (a measure known as internal rate of returns) stands at a robust positive 15.7%, according to the report.

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Article Details

Author / Journalist: Marina Temkin

Category: Technology

Markets: United States

Topics: LPs Startups Returns Fundraising Venture Performance Tiger Global Management Hedge funds

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 18:28:27 (2 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 761 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24335084

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