TechCheck Tiger Global launches new investment fund 12/8/25
Dec 8, 2025
A major player in the startup world is raising $2.2 billion for a new investment fund. The podcast reveals how the AI boom is reshaping venture capital strategies, particularly with Tiger Global's concentrated approach to investing. Waymo's impressive ride-hailing figures highlight the growth potential in this space. The hosts discuss the trend of companies staying private longer due to ample capital, and caution about inflated valuations in the current market. Tiger's strategic shift focuses on fewer, larger bets on top performers, emphasizing adaptability in a competitive landscape.
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Tiger's Strategic Reset Toward Concentration
- Tiger Global is shifting from a broad "spray and pray" approach to concentrated, larger bets on winners like OpenAI and Waymo.
- The firm calls for humility amid an early, multi-decade AI cycle and warns valuations are often elevated and unsupported.
Big Winners Drove Performance Rebound
- Tiger highlights huge paper gains from early stakes in OpenAI and Waymo, which helped its latest fund rebound about 33 percent year-to-date.
- Yet the firm explicitly warns that today's valuations are elevated and sometimes unsupported by fundamentals.
Prune And Recycle Capital Into Winners
- Prune aggressively and recycle proceeds into follow-on investments in clear winners rather than spreading capital thinly.
- Tiger sold 85+ companies to generate over $1 billion for reinvesting into OpenAI, ByteDance and other top positions.