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Why Is Lone Pine Capital Investing in Seattle Startups?

Lone Pine Capital is an American hedge fund headquartered in Greenwich, Connecticut. They have invested in Convoy and Outreach, two unicorn startups based out of Seattle region. GeekWire team suspects there is now more money available for investments that ever before, and with the interest rates going up, investing in more risky asset classes, like unicorn startups, is allowing this firm to diversify their portfolio.

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Unicorns, IPOs and the next tech giants ·

GeekWire

More from this episode

  1. What Is a Unicorn Startup, as GeekWire Uses the Term?A company valued at $1 billion or more. On GeekWire, John Cook and Todd Bishop use that line as the threshold for a giant startup that might later go public.
  2. Why Was Seattle Specifically Mentioned in Uber S1 FilingWas it because of Seattle's attempt to regulate ride sharing and scooters, or was it because Uber has a growing engineering presence in Seattle? No.

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