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A new disclosure shows, again, how badly Tiger’s ‘spray and pray’ fund performed | TechCrunch

Tiger Global famously fueled the pandemic-era venture capital boom, investing heavily in a wide range of startups, setting up bidding wars for even the most unproven startup that led to sky-high valuations. In 2021 alone, the hedge fund backed 315 startups, according to PitchBook data. And much of the VC industry was not happy about it, even at the time. Toward the end of 2021, the New York firm convinced its investors to commit $12.7 billion for its fifteenth venture fund (titled PIP 15) and th...

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