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The situation was supercharged by the Covid-19 pandemic.","url":"https://restofworld.org/2026/unicorn-billion-dollar-startups/","relationship":"Source-stated"},{"text":"Rest of World says the rapid investment strategy carried risks for investors and the companies they funded; later, startups faced mass layoffs and some shut down.","excerpt":"But the strategy Tiger embodied also comes with risks — for investors, and the companies they fund.\nAs the pandemic waned, interest rates spiked, geopolitical tensions rose, and company exits ground to a halt. Startups that had ridden wave after wave of investment to stay afloat found themselves be","url":"https://restofworld.org/2026/unicorn-billion-dollar-startups/","relationship":"Source-stated"},{"text":"Rest of World describes Tiger Global’s sharp decline in 2022 and reduction in venture deals the following year.","excerpt":"Tiger Global’s hedge fund fell a whopping 56% in 2022. 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