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A London bus advertising Gopuff services. Photo: AP

A Vibe Shift in Venture

Photo: A London bus advertising Gopuff services. Photo: AP

Earlier this week, The Cut published a story entitled “A Vibe Shift is Coming. Will Any of Us Survive It?” that quickly went viral, at least among the blue checkmark crowd on Twitter (the story was about a possible comeback of decadence in fashion and other parts of popular culture). The Information’s own Berber Jin today identified a different kind of vibe shift that’s happening in startup investing, in a story that’s not to be missed. 

Tiger Global Management, the buzzy hedge fund, is now backing away from pouring money into mature startups and will instead focus on early-stage investing. Other similar funds are also backing away from aging startups, focusing instead on bargain hunting among beaten-down public tech stocks, Berber reports. 

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