![]() “Globally, high inflation has persisted, interest rates are continuing to rise, and a recession seems increasingly likely,” Tiger notes in its investor letter. Tiger, which has big investments in public tech firms, saw nearly $17 billion in losses by the middle of this year has appeared to be approaching a crossroads in its venture business. That’s also put huge pressure on big investment firms. The last year has seen a big shift in the world of startups: economic shifts have led to massive declines in publicly-traded tech stocks, which has trickled down to put pressure on privately backed companies, which have seen their valuations get slashed and, in many cases, funding dry up. It’s not clear if Tiger itself will back the fund. The new firm has yet to start raising funds, but Curtius has a big, strong network through his prolific work at Tiger, which has included hundreds of investments from companies like Databricks and more recently CleverTap and Lattice, as well as UiPath, Snowflake, Asana and many more we understand that he may be tapping founders from that network to join him in investing (several have expressed interest already). Why the decision to leave? From what we understand, Curtius, who, in the past worked at Silver Lake and Elliott Management, has long wanted to start his own firm and now felt like it was the right time in the market to do so. Investments for Curtius’s new firm will focus on B2B software as a service, apps, infrastructure, AI and machine learning, we understand. “We look forward to staying close and finding ways to collaborate.” He will be working with the investment team to transition responsibilities, although as he was also personally invested in a number of the portfolio companies, Curtius will also continue to work with these, we understand. ![]() “We are grateful for all his contributions to Tiger Global and have appreciated his work ethic and intellect,” it said. The Tiger Global quarterly investor letter that it sent out earlier today also confirms the news. Curtius will stay with Tiger until June, sources say. He will be leaving to start his own firm, which will concentrate investments from Series A to Series C. John Curtius, the prolific Tiger Global senior partner who has been at the center of some of the firm’s biggest deals in the last several years, is leaving the firm, TechCrunch has learned.
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