This Week in Startups

Negative Venture Returns, GM Kneecaps Cruise, and Finix joins the TWiST500 | E2059

Dec 12, 2024
Suvir Wadhwa, Founder and CEO of Flite, shares insights on simplifying operations for event organizers. The conversation dives into the fallout from negative venture returns, particularly around Tiger Global’s recent struggles. Wadhwa discusses the impact of losing key investors and the shifting dynamics in the tech landscape. The podcast also explores GM's strategic moves in self-driving cars and the significance of regulatory changes on startups, shedding light on the broader implications for the industry.
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INSIGHT

Tiger Global's Struggles

  • Tiger Global's 2021-era fund is performing poorly, lagging behind its peers.
  • Their rapid capital deployment and concentrated investment timing contributed to buying at the market peak.
INSIGHT

Investment Timing

  • Venture capital funds ideally deploy capital over 3-4 years, then harvest for the remaining lifespan.
  • Tiger Global's strategy of rapid deployment in 2021 meant missing the benefits of dollar-cost averaging and diversification.
ADVICE

Negotiating Deals

  • Founders should be cautious of "best price, least rights" deals, especially in frothy markets.
  • Ensure sufficient runway to navigate potential downturns and prioritize investor relationships for support.
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