Tiger Global's aggressive investment strategy during the pandemic-era VC boom has resulted in significant losses. Their fifteenth venture fund (PIP 15) is now in the bottom 10% of all venture funds raised in 2021, with paper losses exceeding 15%.
This poor performance contrasts sharply with other 2021 funds, such as Valor Equity Partners, which boasts a 15.7% return. Tiger Global's overspending during the boom, coupled with subsequent interest rate hikes and falling valuations, contributed to these losses. Read more about market trends.
Despite marking down investments in companies like Superhuman, DuckDuckGo, and OpenSea, Tiger Global maintains a substantial portfolio. However, their reputation has been impacted, and they've scaled back fundraising efforts for their sixteenth fund (PIP 16). Learn more about investment strategies.
Key personnel involved in the aggressive investment strategy have since departed, including John Curtius and Scott Shleifer. While the firm continues to invest, the long-term impact of their pandemic-era decisions remains to be seen. Explore other investment news.