34 Comments
 

Can’t be real though right… some of the stuff in this seems made up and saying that Dragoneer and Coatue are getting flows because TG is doing badly just doesn’t really jive to me

Is this fanfic?

 
Funniest

This isnt shocking at all lol.  I would expect this to be the norm.

According to sources, Shleifer was known to build his own financial models for investments, which were so simply constructed they appeared to be built in less than 10 minutes and did not include a downside or “what could go wrong” case. New members of Tiger Global’s investment team were often surprised that multi-hundred million dollar investments were made based on these simplistic models created by Shleifer. 

 

not sure about specifics, but it's not like tiger global was a large launch a la grant wonders / mala / divya today. it launched with $25 mil from julian, which inflation adjusted today is $45 mil. different time for the industry, but even for 2000 that doesn't sound like a lot of money. doubt chase had the pick of the litter of creme de la creme candidates. i mean, if some rando pod PM spun out with $45 mil today, how many MF PE analysts would want to take that risk and join? with the failure rate across the industry. not saying scott isn't capable, but you don't need a silver spoon / generational connections to join a $45mm launch.

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