The Generalist on Tiger Global’s winning venture capital model. “Tiger’s current private market thesis is simple: we are still in the opening stages of the digital revolution. For those who began evangelizing the “software opportunity” decades ago, that we have yet to reach maturation may come as a surprise. If Tiger’s right, we should expect many more unicorns to be minted and for returns to be larger than anticipated. Just as a16z did a decade ago, Tiger has disrupted the venture market, showing a new way to win. Its approach is predicated on rapid capital deployment, reducing founder friction, and accepting a lower return profile.” More from FT: “The US investment fund is betting on global macro trends rather than fussing about individual stocks.”
Atanu Dey on the Modi government’s free food program which covers 800 million Indians: “If it was Modi’s personal fortune that was the source of the largesse, he could have been justifiably proud for having helped the poor in distress. But it was not his money; he merely extracted the wealth from about 600 million at the point of a gun and transferred it to the 800 million. In doing so, he forcefully demonstrated that Indians can be conceptually partitioned between two mutually exclusive and exhaustive groups: those 800 million who are reduced to beggary, and the 600 million who are reduced to slavery.”
Edison: “You can never tell what apparently small discovery will lead to. Somebody discovers something and immediately a host of experimenters and inventors are playing all the variations upon it.” [via Shane Parish]
