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

Mitchell Green worked variously in investment banking, as an analyst with Bessemer Venture Partners, and for a hedge fund backed by Tiger Management

Lead Edge, long an investor in major Chinese companies, is also continuing to invest money into ByteDance, where it unsurprisingly foresees a huge exit, even with the assumption that TikTok could go to “zero” if it’s ultimately banned in the U.S. To get his newest take on the market, we talked to Green – a former nationally ranked alpine ski racer who mostly lives in Santa Barbara – from his hotel room in Las Vegas during a recent F1 racing event staged in the city. When we last talked, you were really leaning into the Ant Group [the Alibaba affiliate that was expected to become the world’s largest IPO in the fall of 2020 before that offering was completely derailed by China’s securities regulator].

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