Some Work of Noble Note

May Yet Be Done


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Enter the Hedge Fund, Part II

I can only hope for additional demonstrations of my own prescience.

peHUB wrote recently about the hedge fund Tiger Global’s move toward investing in technology startups.  My loyal readership will recognize in this statement a clear continuation of an earlier post on Snapchat which discussed Coatue’s movement into the space.  That post looked at how hedge funds, with their large capital pools and lower cost of capital, may be able to “disrupt” the traditional VC model which bundles capital with expertise to then demand a higher return.

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Venture Capital, Hedge Funds, and the Efficient Markets Hypothesis

Leena Rao at TechCrunch recently wrote about San Francisco-based hedge fund Coatue Management investing $50M in Snapchat.  There’s so much subtext in this one deal to help inform thoughts about the broader Venture Capital model.

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