What this teaches
The essay that explained the 2021 Tiger Global phenomenon: how deployment velocity, price insensitivity, and low-friction terms let some funds play an entirely different game, and what that means for founders choosing among capital providers.
Why it matters
Teaches founders to read the strategy of the fund across the table, which predicts its behavior better than its pitch.
Key lessons
- Funds compete on speed, price, and services; know which game your investor plays
- Fast, cheap capital has real costs hidden in what it doesn't provide
- The capital market for startups is segmented; pick the segment that fits your plan
Founders Fund
See their stage, check size, and thesis in the VCMatch investor index. View profile →