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This Week in Startups

How Tiger Global is outpacing VC with better, faster, cheaper, capital ft. Founders Fund’s Everett Randle | E1207

This Week in Startups

Jason Calacanis

Technology

4.21.4K Ratings

🗓️ 30 April 2021

⏱️ 53 minutes

🧾️ Download transcript

Summary

Tiger Global, a crossover hedge fund, is moving at an unprecedented speed and scale in venture capital. Everett Randle of Founder's Fund joins Jason to break down Tiger Global's strategy, discuss the implications for the investing ecosystem (13:14​), explain his "Walmart of VC firms" mental model (24:42​), and more! Pod Notes: http://bit.ly/E1207Tnotes

Transcript

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0:00.0

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0:03.2

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0:19.0

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0:25.4

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0:41.8

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0:50.8

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0:58.4

Hey everybody, our guest is Everett Randall.

1:00.9

He is a principal over at the Founders Fund, which I'm lucky to be an LP, a limited partner in their fund,

1:06.4

run by my friend Brian Singerman, and a bunch of other interesting cats working over there,

1:12.1

founded of course by Peter T.L. and previously Everett, worked at Bond Capital and Client of Perkins.

1:17.1

He does an interesting substack at Randall.substack.com.

1:22.0

And he wrote a really interesting piece called Playing Different Games.

1:25.3

That piece was about Tiger Global's impact on venture capital, and we're going to talk about that today.

1:32.0

So welcome to the program. Everett, is it Everett?

1:35.6

Yeah, yeah, Everett. I'm bad at saying my own name too, so I can't blame you, but thanks Jason, I'm glad to be on.

1:42.3

All right, so you're a young guy, it looks like, and you've been in venture capital, how long?

1:48.2

It's four or five years now. I actually started my career at Vista Equity Partners,

1:52.4

so even like the deep dark candles of LBO and private equity over there.

2:00.3

And then I actually went from there to Client of Perkins, so I got to work with your friend Mamoon,

...

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