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- 01 30, 2025
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are not known for humility. But many have been striking a humbler tone of late. In a recent letter to investors Tiger Global, a hedge fund and () investor, reportedly admitted that it had “underestimated” inflation and “overestimated” the boost from the covid-19 pandemic to the tech startups in its portfolio. In November Sequoia, a Silicon Valley blue blood, apologised to clients after the , a now defunct crypto-trading platform that it had backed. In January Jeffrey Pichet Jaensubhakij, chief investment officer of , one of Singapore’s sovereign-wealth funds, said he was “thinking much more soberly” about startup investing.