Dot Com Startups Find New Friends in Tiger Global Management and Lone Pine Capital
|July 18th, 2011||
|In what looks like an eerie remake of the Dot Com Bubble, hedge fund managers are pouring hordes of cash into Internet companies, hoping to capitalize on the success of recent IPOs. According to the Wall Street Journal, big global hedge funds, such as Chase Coleman’s Tiger Global Management and Steve Mandel’s Lone Pine Capital, are branching into the technology sector in search of Internet ventures. |
Venture capital experts question the wisdom of mixing hedge fund money, with its expectation of quick returns, with venture startups that typically require a more long term outlook. Tiger Global Management, which has already invested in several high profile start-ups in the U.S., such as LinkedIn, Facebook, and Zynga, is looking to diversify its tech holdings with investments in China, Brazil and India.
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