If you’re an investor, you’re overpaying. This isn’t by accident, it’s the result of traditional venture capital's “exit optimization” strategy, and lack of adjustment by most VC firms to an evolving industry. This has presented itself as a disadvantage to investors. Since 2022, US VC fund managers have called for 1.6x more capital than they have distributed. In numbers, over the past 4 years US VC firms have drawn $196.9 billion more from investors than they have returned,

I. OVERVIEW Tiger Venture Capital Management (TVCM) was born on a simple observation: traditional venture capital strategy has stopped working for most investors, most founders, and most companies; so we built a different approach. II. THE PROBLEM WITH THE TRADITIONAL VC MODEL Traditional venture capital is structurally misaligned with the interests of the people it claims to serve — investors and founders alike. For Investors Returns depend entirely on IPO or acquisition eve

For six consecutive years, the venture capital industry has kept a dirty secret: it's taken more money from investors than returned. Not because portfolio companies failed, but because their firm's business model hasn't adjusted well to a changing industry, paying managers and leaving investors forgotten. This evolving of the venture capital industry has created “zombie investments”, the number of which has increased dramatically since 2022. According to McKinsey, more than 1

In 2006, the private equity industry was in its “mega-buyout” phase. Low interest rates on borrowed funds, loosening lending standards by banks, and regulatory auditing legislation such as the Sarbanes-Oxley Act greatly increased investor confidence, leading to the biggest boom in the private equity industry since its inception. That year, private equity firms bought 654 U.S. companies for $375 billion, 18 times the number of transactions closed three years earlier. U.S. base