Tiger Global's aggressive investment strategy during the pandemic led to inflated startup valuations, but as interest rates rose, significant losses followed, placing the firm in the bottom tier of venture funds.
By June 30, 2024, the paper losses on Tiger Global PIP 15 surpassed 15%, marking it as one of the worst-performing venture funds from the 2021 vintage.
Many of Tiger's peak valuation investments, such as Superhuman and OpenSea, faced staggering markdowns of 45% and 94% respectively, showcasing the fallout from the boom-and-bust cycle.
Despite the high financial commitment from its investors for its fifteenth fund, Tiger faced immense backlash as its performance sharply diverged from those of other funds raised in the same era.
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