market folly

Eashwar Krishnan's hedge fund firm Tybourne Capital has filed a 13G with the SEC regarding shares of On Deck Capital (ONDK).  Per the filing, Tybourne now owns % of the company with over 4.25 million shares.

This is a newly disclosed position for the hedge fund.  On Deck IPO'd in late 2014 and has sold-off recently, and it looks like Tybourne took advantage of the drop.  We've previously highlighted that Tiger Global has a stake in On Deck as well.

Prior to founding Tybourne, Krishnan was a Managing Director at Lone Pine Capital.

Per Google Finance, On Deck Capital is "an online platform for small business lending. Enabled by its technology and analytics, the Company aggregates and analyzes data points from dynamic, disparate data sources to assess the creditworthiness of small businesses. Small businesses can apply for a term loan or line of credit on its Website and, using its OnDeck Score, it can make a funding decision immediately and transfer funds the same day."