Tiger Global, a prominent hedge fund, played a significant role in the pandemic-era venture capital boom, investing $12.7 billion in 2021 alone. However, its aggressive strategy led to inflated startup valuations and subsequent losses when interest rates rose. By mid-2024, Tiger’s fifteenth fund faced over 15% paper losses, ranking in the bottom 10% of 2021 venture funds. Despite a reduced fundraising effort for its sixteenth fund, Tiger Global continues to invest, participating in 24 deals in 2024, including notable companies like Waymo and OpenAI. The firm is still recovering from its previous investment missteps.