TE
科技回声
首页24小时热榜最新最佳问答展示工作
GitHubTwitter
首页

科技回声

基于 Next.js 构建的科技新闻平台,提供全球科技新闻和讨论内容。

GitHubTwitter

首页

首页最新最佳问答展示工作

资源链接

HackerNews API原版 HackerNewsNext.js

© 2025 科技回声. 版权所有。

Tiger Global's Biggest Venture Fund Has 18% Loss After Markdowns

34 点作者 chewz超过 1 年前

9 条评论

cs702超过 1 年前
...based on valuations determined by none other than Tiger Global. If you think those valuations are 100% objective, I have a bridge to sell you.<p><i>No one</i> wants valuations to come down:<p>* VC firms don&#x27;t want to write down their portfolios aggressively, because doing so will make raising the next fund much more difficult.<p>* Institutional LPs don&#x27;t want VC firms to write down holdings either, because they themselves want to show good performance too.<p>* Portfolio companies <i>never</i> want to raise money at lower valuations than the last round&#x27;s, suffering dilution, unless they absolutely have no better choice.
评论 #38499593 未加载
blantonl超过 1 年前
We have reached a point in our industry where it is a race to the bottom for tech startups. Cloud computing, language frameworks, and other SAAS offerings have resulted in the vast majority of &quot;startups&quot; these days just being a group of people putting legos together, packaging it up, and raising money as &quot;the next best &#x27;x&#x27;&quot; when a,b,c,d,e,f,g already exists.<p>It is no longer going to be feasible for a Stanford&#x2F;Harvard college drop-out to be able to bolt together 15 different SAAS offerings into a package and tell investors THIS will change the world.
评论 #38499591 未加载
评论 #38499379 未加载
tillvz超过 1 年前
<a href="https:&#x2F;&#x2F;archive.is&#x2F;oHh8V" rel="nofollow noreferrer">https:&#x2F;&#x2F;archive.is&#x2F;oHh8V</a>
kozikow超过 1 年前
Surprised it&#x27;s just 18%.<p>2021 was a height of &quot;more money on the market than productive things to do with it&quot;. Startups are expected to operate in 2-year fundraising cycles - VCs used to push you to increase burn rate if you had a longer runway.... So right now startups that raised at the top of 2021 are facing potential fundraising now. The equivalent company would have 2-3x lower valuation in 2023 compared to 2021 - based on my discussions with other founders, what board members say, etc.
评论 #38499390 未加载
kaycebasques超过 1 年前
&gt; The nearly $13 billion Private Investment Partners 15 fund... cut its valuation for privacy search engine platform DuckDuckGo by 72%<p>Surprised to see DDG in Tiger&#x27;s list of investments.<p>Should I view that as just part of the broad markdown or has something changed to DDG in particular that makes its biz model less viable?
civilitty超过 1 年前
The dirty (open?) secret is that most software tech VCs are absolutely awful at their jobs. Just completely useless except as glorified rolodexes. It’s not like biotech where they’re forced to face their ignorance head on, software allows them to coast on weapons grade bullshit until the chickens come to roost (conveniently after the second fund has been raised). Even the big guys who have the clout to be consistently at the front of the line for the best deals like Sequoia are just fools with more money who invest in absolute disasters like SBF without a shred of due diligence. If biotech investors were this dumb we’d still be shooting up snake oil at the dentist’s office.<p>The tide coming out with interest rates will hopefully reshuffle the industry.
评论 #38499325 未加载
zht超过 1 年前
surprised it&#x27;s only 18% given the meltdown that&#x27;s happened in tech
评论 #38499423 未加载
评论 #38500252 未加载
shin_lao超过 1 年前
Most funds lose money. It&#x27;s rare for a fund to do better than the DJIA.
评论 #38499218 未加载
asylteltine超过 1 年前
So?
评论 #38499179 未加载