Highflying Tiger Global humbled by unraveling of giant tech bet
Large venture-capital firms are warning of harsh times to come. Over the past decade, cheap money reshaped Silicon Valley, leading to massive investment in startups and fast-growing tech companies. However, since the market peaked and tech values plunged, Eliot Brown and Juliet Chung explain how New York investment firm Tiger Global Management was humbled, just like many others.
From The Wall Street Journal