Mitchell Green Leads $5B Fund

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Lead Edge is increasingly steering its 700+ investors away from VC deals | TechCrunch

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73% Informative

Mitchell Green now manages money for more than 700 individuals who have committed $5 billion to his firm, Lead Edge Capital .

Green worked variously in investment banking, as an analyst with Bessemer Venture Partners , and for a hedge fund backed by Tiger Management before striking out on his own in 2011 .

Green says he's steering the bunch away from “overvalued” venture capital deals and into buyout-like “control deals” of companies.

There's too much money chasing too few companies that are overvalued.

I refuse to invest in companies at 100 times or 200 times or 500 times revenue.

I am sick of looking at companies growing crazy fast that have 50 percent plus gross dollar retention rates.

One of the biggest deals in our fifth fund is a buyout called Safesend that makes tax accounting software.

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