Canadian venture capitalists who’ve been at the table with Tiger say its aggressive reputation bears out. “Entrepreneurs obviously love it, because you have an investor that can just move very quickly and perhaps doesn’t care about squeezing [the] last penny out of a valuation,” said Boris Wertz, Vancouver-based general partner at Version One Ventures. Both firms have backed Ada and New York-headquartered Cape Privacy.
“I don’t think there’s a one-size-fits-all philosophy for what the ideal investor is,” said Ada CEO Mike Murchison. He had known John Curtius, the Tiger partner who leads its software-investing practice, for a couple years prior to the latest round. “They move very quickly,” said Murchison. “Their biggest advantage is their speed.”
Ada was also attracted by Tiger’s relationship with “Big Three” management consultancy Bain & Company, which provides advice to the asset manager’s portfolio companies. “Being able to work with Bain on a lot of strategic projects is definitely valuable, especially for things that are true consulting projects, like pricing and packaging analysis,” said Murchison.Article contentboard seats, which makes it attractive to late-stage firms that already have several major investors.
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