Dot Com Startups Find New Friends in Tiger Global Management and Lone Pine Capital

July 18th, 2011
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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.
For Detailed Investor Profiles on these Investors, click below:
Lone Pine Capital
Tiger Global Management
Related People: Chase Coleman; David Craver; Feroz Dewan; Julian Robertson; Kerry Tyler; Mala Gaonkar; Marco Tablada; Neeraj Chandra; Steve Mandel; Steve Mandel
Related Entities: Lone Balsam LP; Lone Cascade; Lone Cypress Funds; Lone Dragon Pine; Lone Juniper; Lone Pine Capital (LPC); Lone Pine Sierra LP; Lone Sequoia LP; Lone Spruce LP; Tiger Global Funds; Tiger Management Corporation; Tiger Management*; Tiger Technology LP
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News


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