""It was very different," says the CEO, who spoke on condition of anonymity as Tiger Global is the company's largest investor. "I can't say if there was fear in that conversation...It was a new Tiger to me.""
"For the past decade, seemingly everything that could go right in Silicon Valley has. The streets were awash with VC money, and startups were turning away offers."
"By May the Nasdaq-100 Technology Sector Index was down more than 30% from the beginning of this year, effectively shuttering the IPO market, with a few exceptions."
"The Fed continues to lift interest rates, making borrowing capital more expensive, and enticing limited partners (which include the pension plans, insurance companies, university endowments)."
Tiger Global Management's recent interactions with startup CEOs have changed, marked by increased questioning about business outlooks and market positions. This shift comes as the investment landscape faces a correction after years of unprecedented growth in Silicon Valley. The rise of unicorns and substantial venture capital investments characterized the previous decade, but recent market downturns, rising interest rates, and inflation have altered the dynamics, leading to a more cautious approach from investors.
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