[ad_1]
John Curtius, the prolific Tiger International senior companion who has been on the heart of a number of the agency’s largest offers within the final a number of years, is leaving the agency, TechCrunch has realized. He will likely be leaving to begin his personal agency, which can focus investments from Collection A to Collection C. Curtius will stick with Tiger till June, sources say.
Tiger International quarterly investor letter that it despatched out earlier right this moment additionally confirms the information.
Investments for Curitus’s new agency will deal with B2B software program as a service, apps, infrastructure, AI and machine studying, we perceive. No crypto.
Why the choice to go away? From what we perceive, Curtius, who additionally previously labored at Silver Lake and Elliott Administration, has lengthy wished to begin his personal agency and now felt like the proper time out there to take action.
The brand new agency has but to begin elevating funds, however Curtius has a robust and large community via his prolific work at Tiger, which has included tons of of investments from corporations like Databricks and just lately CleverTap and Lattice, via to UiPath, Snowflake, Asana and lots of extra; we perceive that he could also be tapping founders from that community to affix him in investing (a number of have expressed curiosity already). It’s not clear if Tiger itself will again the fund.
The final yr has seen an enormous shift on the planet of startups: large declines in publicly-traded tech shares have trickled right down to stress on privately-backed corporations, who’ve seen their valuations get slashed, and in lots of instances funding dry up.
Decrease valuations and fewer investing exercise total, in fact, additionally spells alternative for traders who’re keen to take leaps, since there are nonetheless a variety of fascinating corporations being hatched, and strong startups needing to boost their subsequent rounds.
Tiger isn’t the one massive agency to be dropping a key companion: Matt Mazzeo is leaving Coatue to begin his personal fund as nicely in response to The Data. (The timing of the 2 bulletins, we perceive, is pure coincidence and the 2 traders are usually not teaming up.)
Many are referring to the interval out there proper now as a “funding winter” however given this new exercise, may it maybe simply as aptly be known as “funding spring”?
In today's tech-driven world, electronic companies play a crucial role in shaping modern life, from…
Hey there, fellow dreamers! Ever fantasized about hitting the jackpot and living the life of…
The Some Remarkable Plus woodworking dust masque combines advanced technology with design elements for a…
Reclaim catchers speed up cleaning time for dab rigs by collecting residue that could build…
Barn exhaust fans provide airflow that reduces heating stress, makes livestock far healthier and happier,…
Your dog's health depends upon consuming a balanced diet, providing you with essential vitamins, minerals,…