Would you invest in Tiger's VC fund?

Does anyone have a view on whether Tiger's VC fund is an attractive investment?

It sounds like their playbook is to do very light diligence, move very fast, overpay, and then be hands off with management after the close. On the surface, that seems like a disaster waiting to happen.

As a founder, that model feels attractive so clearly they're sweeping up a lot of deals other VCs want and so maybe those VCs are just shitting on them because Tiger has disrupted their business model? I've heard others say Tiger does actually do real diligence, they just do it more proactively in advance of a round so they can move quickly when an opportunity arises - or they lean on MBB. Or another argument I've heard: given these deals were already validated by Sequoia, et al in prior rounds, maybe Tiger should be able to get pretty good returns just spraying and praying in later rounds after validating a few headline metrics.

New fund is really large. Is this fast deployment / pace of fundraising just a money grab to collect as much management fees as possible (and maximize total dollar quantum of carry dollars even if overall returns are lower (or maximize number of funds to have more shots on goal for being in the carry)) before a bubble implodes? Or have they legitimately found a new model of investing that is more effective than before?

Past funds have had really good returns but I'm not sure whether or not the early funds had this same playbook (I only started hearing about it in the last year or two) - and I don't know if the returns for the most recent funds that used this playbook are overmarked because most of it is unrealized.

Lastly, how does rising rates / the recent public tech stock underperformance change things? Maybe hits their existing holdings but maybe investing in their fund now makes sense because valuations for go forward investments will be more rational?

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