A Tech Bust? Goodbye To The Good Times In Silicon Valley
Have you ever visited a party, only to see the guests starting to leave? Although the music is playing and the food is ready to be served but you already know that the party’s over and that you won’t get much fun out of it. This is the case for most investors who are unaware of the duration of the correction in the private market.
However, this isn’t how Tiger Global Management likes to run things, and in a recent interview with the CEO, the company spilled the beans about the business, the environment, and the position of the company in the market.
So, if you’re looking to learn more about Tiger Global’s mechanism during times like these, then keep reading!
After a recent hinting towards the dotcom crash, CEOs and VCs have been on the edge of their seats, looking for a way to continue sailing, despite the big tide coming in. This market uncertainty came after an early-stage crypto firm sent its portfolio companies letters saying that they were now in a condition that’s very similar to the dot-com crash. The letter suggested that the founders should prepare for the worst.
Tiger Global Not Backing Down
Just like many other companies, Tiger Global also grew at a fast rate as venture capital investors but it doesn’t mean that they’re immune to facing losses!In 2022 alone, the company lost around $17 billion, making it one of history’s largest reported hedge fund losses. However, companies like Tiger Global, which work in the private and the public market, are among the first ones to predict a potential downturn because there’s a wide gap between the publicly-traded stocks and private stocks.
It’s also these late-stage investors that are always on the brink of calling it quits on the public markets and are the first ones to close up their valuations and funding rounds to avoid facing any additional losses. In April of 2022, it was reported that the late-stage funding had fallen by 19% compared to the previous year while early-stage companies have been enjoying an upwards trend every single month of the year.
The owners of these companies need to keep an eye out regarding the situation in the public markets as it serves as an indicator of the implications that can be faced by the private companies and shareholders.
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