John Curtius is leaving Tiger World to start out his personal enterprise fund • TechCrunch

John Curtius, the prolific Tiger World senior companion who has been on the heart of a few of the agency’s greatest offers within the final a number of years, is leaving the agency, TechCrunch has realized. He shall be leaving to start out his personal agency, which is able to focus investments from Sequence A to Sequence C. Curtius will stick with Tiger till June, sources say.

Tiger World quarterly investor letter that it despatched out earlier right this moment additionally confirms the information.

Investments for Curitus’s new agency will give attention to B2B software program as a service, apps, infrastructure, AI and machine studying, we perceive. No crypto.

Why the choice to depart? From what we perceive, Curtius, who additionally up to now labored at Silver Lake and Elliott Administration, has lengthy needed to start out his personal agency and now felt like the proper time available in the market to take action.

The brand new agency has but to start out elevating funds, however Curtius has a robust and large community by means of his prolific work at Tiger, which has included tons of of investments from corporations like Databricks and just lately CleverTap and Lattice, by means of to UiPath, Snowflake, Asana and lots of extra; we perceive that he could also be tapping founders from that community to affix him in investing (a number of have expressed curiosity already). It’s not clear if Tiger itself will again the fund.

The final 12 months has seen a giant shift on the earth of startups: large declines in publicly-traded tech shares have trickled all the way down to stress on privately-backed corporations, who’ve seen their valuations get slashed, and in lots of circumstances funding dry up.

Decrease valuations and fewer investing exercise total, in fact, additionally spells alternative for traders who’re keen to take leaps, since there are nonetheless plenty of attention-grabbing corporations being hatched, and strong startups needing to boost their subsequent rounds.

Tiger just isn’t the one huge agency to be shedding a key companion: Matt Mazzeo is leaving Coatue to start out his personal fund as nicely in line with The Data. (The timing of the 2 bulletins, we perceive, is pure coincidence and the 2 traders usually are not teaming up.)

Many are referring to the interval available in the market proper now as a “funding winter” however given this new exercise, might it maybe simply as aptly be known as “funding spring”?