Too much money chasing too few deals
Tiger Global Management has raised a $3.75 billion venture fund, according to Bloomberg. With SoftBank’s massive $93 billion Vision Fund and Sequoia Capita’s $8 billion fund, the amount of money available in the tech world is astonishing.
One big family… Tiger Global bought a $1 billion stake in SoftBank Group Corp in July because of its acquisition of Fortress and the belief in Masayoshi Son’s Vision Fund.
By the numbers: A staggering $2.7 billion was invested in real estate tech last month alone.