Some of his best investments for the firm have come in China, where he turned a $200 million investment in e-commerce platform JD.com into a $5 billion return. Scott Shleifer has served as Member of Tiger Global Management, LLC since 2013. As of September 2022, his net worth was estimated at US$3.5 billion. In April, his portfolio helped him debut No. In May, Tiger Global had told its investors that more than half of the funds investments were in Series A or Series B rounds, typically the first or second big financings for private tech companies, from its newest and largest venture capital fund of nearly $13 billion it had raised in March. After QuickNode raised $35 million from Tiger, Curtius took the team out to dinner at Carbone. And as Tigers investor note revealed, the firm has also been quietly marking down its private company valuations since before Curtius Midas List appearancemarkdowns that are likely not done, given the lag in repricing of private companies compared to publicly traded stocks. Okay, Sina, Sohu, and NetEase, he announced. Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives. The latest example: the blockchain-development platform QuickNode raised $35 million last week in an oversubscribed round led by Tiger Global with participation from Seven Seven Six, Soma Capital, and other investors. My work is going very poorly, Shleifer told him. Thank you. 14 on last years list. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. Get the full list, Tiger Global Private Investment Partners XII, Tiger Global Private Investment Partners X, Youre viewing 5 of 9 affiliated funds. Scott Shleifer is a Partner at Tiger Global Management based in New York, New York. In this role, he was in charge of all product Moreover, Tiger Global's Deep Verma will be visiting India next week, and will be in New Delhi and Bengaluru to meet top executives and investors in the city, the people quoted above said. Prior to joining Tiger Global, Mr. Shleifer was with The Blackstone Group working in private equity. The Tiger Global partners Scott Shleifer and John Curtius moved to the Miami area earlier this year. WebShleifer joined in 2002 as an early hire at Tiger and co-founded its private-equity investing arm. He caught brain-eating amoeba. Offers may be subject to change without notice. Recently public companies backed by Curtius, such as data infrastructure companies Snowflake and Confluent, are trading down about 50% or more for the year. Curtius also invested in London-based virtual events startup Hopin at a $2 billion valuation in December 2020 and kept investing through its $7.8 billion valuation in August 2021. In fact, Coinbase is now trading around 5 times its projected next 12 month sales, up from 2.1 times when 2023 began, according to Koyfin. You can unsubscribe from these emails at any time. [12], In June, the firm's venture capital losses were reported to be less severe than those of the firm's funds. In the early 2000s, Coleman and partner Scott Shleifer added private investments to the mix, realizing before many of their peers that they might find higher returns outside of public markets. WebMr. Click the link in the email we sent to to verify your email address and activate your job alert. Year to date, bitcoin is up 43%, ether is up 39%, and Coinbase shares are up more than 92%. Curtius portfolio includes pre-IPO businesses such as data infrastructure company Databricks and cybersecurity business Snyk that may struggle to defend their recent valuations of $38 billion and $8.5 billion. The private equity strategy, which is led by Scott Shleifer,[14] targets growth-oriented private companies from early to late stages, with an emphasis on businesses based in the U.S., China and India. Shleifer wanted to get a sense of the investment sentiment in India as Tiger Global continues to remain extremely bullish on internet companies in the country, said one of the people quoted above. During that period, Tiger became known as one of techs most active investors. The magazine noted that Shleifer runs Tiger Globals only long-only fund, which enjoyed a 65 percent return over the last year. Scott received a www.vbprofiles.com is now www.topionetworks.com. Although Scott Shleifer's net worth is hard to pin down, the Tiger Global Management partner had enough in his coffers to spend $122.7 million on a lavish new seaside mansion in Palm Beach, Fla. WebAt Tiger Global Management, Scott Shleifer was a Managing Director and held the title of Senior Vice President, Product Management. Under Midas List fixture Scott Shleifer, the venture side of Tigers business grew into its largest, accounting for as much as two thirds of its assets, reported to have reached $95 billion a year ago. Since then, Tiger has been winning deals with local startups When TikTok CEO Shou Zi Chew testifies before Congress next month, hes likely to face heated questions about the apps Chinese ownership. The Tiger Global partners Scott Shleifer and John Curtius moved to the Miami area earlier this year. Curtius and Schleifer relocated to South Florida earlier this year, purchasing multimillion-dollar mansions, and have been busy courting local founders. Follow Expert level experience with ESRI ArcGIS products such as ArcCatalog, ArcMap or ArcPro. Same platform but with new and improved features. Chase Coleman III was a protg of Julian Robertson and from 1997 to 2000 worked as a technology analyst for the firm, Tiger Management. The new fund is called Tiger Private Investment Partners XIV, but it's actually Tiger Globals 13th venture fund, according to the site. After publication, a source with knowledge of Tigers holdings told Forbes that in both of those investments, Tiger holds preferred shares, mitigating its financial downside. Delhiverys shares have fallen close to 40 percent since its listing in May. His mission was to scope out hedge-fund investments in semiconductors and hardware. Nabutovsky said although he enjoyed meeting Shaun Maguire and Michelle Bailhe from Sequoia, a deal didn't happen, a result he was ultimately fine with. People may receive compensation for some links to products and services on this website. , the billionaire founder of hedge fund Tiger Management, and the mentor and first backer of Tiger Global founder Chase Coleman III, Curtius brief mention toward the end, following a string of more junior hire announcements, seems a terse end to a five year-plus stint that saw the investor back more than 250 private tech companies. According to PitchBook, the firm has made three investments in Miami-area startups, including QuickNode, this year. Get notified about new Information System Architect jobs in Lansing, MI. After staying up all night to make calls to China, Shliefer walked into the office of his boss, Tiger Global founder Chase Coleman. The eldercare startup Papa raised $60 million from Tiger in April. With longtime contributor Lee Fixels departure from Tiger Global in 2019, Shleifer and Coleman are the firms sole decision-makers, TechCrunch reports. A separate guesthouse has a pool of its own. [3] In 2000, Robertson closed Tiger Management, and entrusted Coleman with over $25 million to manage, making him one of the 30 or more so-called "Tiger Cubs", fund managers who started their fund management careers with Tiger Management. In addition to Papa and Ontop, the crypto-payments startup MoonPay turned to the investment firm for its first round of funding, raising $400 million at a $3.4 billion valuation, The Information reported. Scott Shleifer tiger global Media & Entertainment Chris Rock gears up to talk about The Slap in a live performance on Netflix this Saturday Connie Loizos 4:05 PM He is a member of the Wharton Undergraduate Executive Board, a trustee of the Tiger Foundation, a member of the board of Ubuntu Education Fund, co-chair for Teach for Americas Learning from Leaders Breakfast series, and committee member of United Hatzalah of Israel. WebJob Description. However, thats not the case anymore. Scott grew up in Portland, Oregon, and lives in Manhattan with his wife and two sons. This website uses cookies to improve your experience. Scott Shleifer Age:37 Founder and Managing Director of Tiger Global Managements private equity unit. WebScott Shleifer is Founder and Managing Director at Tiger Global Management, a fundamentally-oriented, global investment firm. Tiger Globals optimism towards early-stage investments in India comes at a time when many early-stage investors, including some of the countrys largest and most aggressive, like Sequoia Capital, Accel, Elevation Capital, Westbridge Capital, Rocketship VC, Fireside Ventures and Matrix Partners, among others, have either raised or are in the process of raising their largest-ever India-focused funds. The head of the Private Equity business was Lee Fixel until March 2019. Shleifer had no comment, said a spokeswoman for Tiger Global Management. Scott Louis Shleifer (born 1977) is an American billionaire hedge fund manager, and the co-founder of Tiger Global Management's private equity investing business. But Curtius expects to launch his own firm called Cedar Investment Management upon his final departure in June 2023, a source with knowledge of his thinking told Forbes. The new funds size was slashed to $6 billion from $8 billion initially, the report said. Scott Shleifer, Tiger Global Managements private investment head, came down to India earlier this week to meet founders, portfolio startups and investors in the country as the New York-based hedge fund looks to double down on its private market bets in India, a kind that has bolstered its overall portfolio amid falling tech valuations of public and private companies across the globe. According to TechCrunch, Shleifer joined Tiger Global in 2002 after working for the Blackstone Group for three years. Other more recent investments include fresh produce e-commerce platform Meicai, food delivery app Postmates and Beijing-based co-living group Danke Apartments. [6] From the period of 2007 to 2017, according to the Preqin Venture Report, "He indicated that his private market bets in India were a saviour", one of the persons cited above said. Scott Shleifer. Scott Shleifer has an ownership stake in Tiger Global Management, LLC of less than 5%. Company/Fund Name: Tiger Global Management, LLC, Address: 9 West 57Th Street, 35th Floor, New York, NY, 10019, United States. Tiger Global Management, LLC - Delaware limited liability company. Tawdry Shleifer Affair Stokes Faculty Anger Toward Summers As summer turned to fall last year, Josh Kushner and his Thrive Capital offered a shiny new perk to some of the firms portfolio companies: How about a one-on-one meeting with Bob Iger, the 71-year-old former Disney CEO turned freshly minted Thrive venture partner? Institutional Investor ranked the top-earning hedge fund managers in the world for its 20th annual Rich Listwhich was published online on Feb. 21and Shleifer came in at No. Copyright e-Eighteen.com Ltd. All rights reserved. Visit the Career Advice Hub to see tips on interviewing and resume writing. (In pic: Scott Shleifer (R), Head of Private Equity at Tiger Global) MUMBAI:Theres a consensus in the Indian technology investing world today that the 2015 funding euphoria led by Lee Fixel, who was at the helm of Tiger Global then was far more subdued compared to what we are seeing today. WebSample Page; ; Charles P. Coleman III United States citizen. View stories on our mobile app and tune into our weekly podcast. Now, the hedge fund's top dealmakers, Scott Shleifer and John Curtius, are quickly winning over founders in the latest startup hot spot: Miami. Scott is Member and has served as Member since 01/01/2013. He was a Board Member at Postmates. You may opt-out by, Covering venture capital, cloud and startups. It mainly focuses on Internet, software, consumer, and financial technology industries. Scott Shleifer The letter made no mention of Curtius plans after Tiger. John Curtius is departing Tiger Global as the prolific investment firm continues to mark down its holdings in private tech companies. 8 with $1.5 billion dollars in earnings. A recently completed beachfront mansion in Palm Beach sold Friday for a staggering $122.695million, setting a new record in Florida for hefty home purchases. Tiger Global is estimated to invest around 30% of its capital in early stage (Series A and B) startups, and 20.5% directed toward Series C startups. 2023 PitchBook. "They're hands-off and trusting.". Scott Shleifer is the Partner at Tiger Global Management based in United States. Read deeply reported stories from the largest newsroom in tech. Whats Next? Tiger Global has two strategies that each manage roughly the same amount of capital. Tiger Global is based in New York with affiliate offices in Hong Kong, Beijing, Singapore and Bangalore. A young analyst named Scott Shleifer had recently joined Tiger Global, a small New York hedge fund. The two-story main residence features a white-stucco exterior, a hardwood and polished stone interior, a formal living room with an oversized fish tank, a club room, a bar, a lounge area, a family room, a formal dining room, a gym area with a sauna and a hair salon, and a second-floor master bedroom overlooking an oceanside pool. We look forward to providing you with even more cutting-edge market research, as Topio Networks. The virtual events platform laid off 29% of staff this past July.
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