Is a billion dollars still cool?

21 days ago

The 2010 film 'The Social Network' highlighted Facebook's early discussions on valuation, contrasting a million dollars with a billion-dollar valuation.
Meta, formerly Facebook, is now worth around $1.6 trillion, and unicorns (startups valued at $1 billion+) are no longer rare, with 1,569 active unicorns today.
The 2010s saw low interest rates and easy money fueling venture capital investments in startups, accelerated by the Covid-19 pandemic.
Tiger Global became known for its fast-paced, high-volume investing strategy, leading to significant returns but also major risks.
Post-pandemic, rising interest rates and geopolitical tensions led to startup failures, layoffs, and a decline in unicorn creation.
Tiger Global faced setbacks, including investments in failed companies like FTX and Byju's, leading to a 56% drop in its hedge fund in 2022.
Despite the downturn, the AI boom is reviving big investments, with Tiger Global backing successful AI firms like Scale AI and OpenAI.
The article questions whether lessons have been learned from past investment bubbles as another potential bubble grows.

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