Two days later, Tiger had invested in Superhuman's $75 million round. CEO Rahul Vohra said all it took was a phone call with John Curtius, the head of Tiger's software-investing practice. The hedge fund also did its homework on the email startup Superhuman.
DIVVY HOMES CRUNCHBASE SERIES
That was the case with the logistics startup Hive in Berlin, where Tiger led a $34 million Series A, said Franz Purucker, the company's chief strategy officer. That's because Tiger typically does all of its due diligence on companies beforehand, giving it the upper hand. Many startup founders are often shocked and awed by the speed and ease at which the global investment firm opens its mighty war chest. Top Tiger Global dealmaker John Curtius has a stark warning for startup employees about their stock payįrom left: Franz Purucker, Oskar Ziegler, and Leonard von Kleist, Hive's cofounders.Tiger Global is one of the largest shareholders in SoftBank, and the two are doing more mega VC deals together, an insider says.How Tiger Global is beating other VCs, according to 6 startup founders who took its deals.Hedge fund Tiger Global is blowing up the unwritten rules of startup investing right now with its speed, tons of cash, and hands-off approach.Read more on how Tiger Global shook up the venture-capital ecosystem: That's on top of a $6.7 billion venture fund it raised in March, and a previous $3.75 billion fund from early last year. Tiger Global has already closed on an enormous, new $8.8 billion fund, its biggest venture fund ever, Bloomberg reported. Yet, there's no sign of that dealmaking stopping. Needless to say, Tiger's approach to venture investing threw out the traditional VC rulebook and forced the industry to rethink how it does deals going forward. Some top VCs think the incentives get skewed when venture capitalists have billions under management, with firms - including Andreessen Horowitz, Insight Partners, and Sequoia - closing multibillion-dollar funds this year. But not all VCs think the changes are for the best.
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