SoftBank rewrote the VC rules. Now it’s Tiger’s turn.
Both Tiger Global and SoftBank have upended VC thinking by paying high prices and moving quickly on deals. But Tiger’s lighter touch could be helping it win deals.
Hasnain says:
This taught me a lot about VC markets in general, and is some interesting insight into the current investment market.
“A lot of what Silicon Valley investors offer is just "fluff," said Polyakov. In a survey of startups Polyakov referenced, founders ranked relationship, deal terms and speed as the three most important factors for making a deal. Operational support ranked second to last.
In a sign of the disconnect between founders and funders, VCs saw speed as the least important factor in making the deal.
"The rise of Tiger Global exposes an uncomfortable truth for VCs," Eniac Ventures co-founder Hadley Harris pointed out on Twitter. "That there's a good chunk of founders who just want to be left alone."”
Posted on 2021-07-13T05:10:35+0000