John Curtius, a Midas List investor who backed more than 250 startups including Databricks, Snyk, Hopin and Olive AI, is leaving Tiger Global as the firm continues to mark down its private company portfolio.
previously owned by singer Marc Anthony last year. In April, his portfolio helped him debut No. 64 on the Midas List of the world’s top private tech investors.
And as Tiger’s investor note revealed, the firm has also been quietly marking down its private company valuations since before Curtius’ Midas List appearance — markdowns that are, given the lag in repricing of private companies compared to publicly-traded stocks. Curtius’ portfolio includes pre-IPO businesses such as data infrastructure company Databricks and cybersecurity business Snyk that may struggle to defend their recent valuations of $38 billion and $8.5 billion.
. Curtius’ rumored departure, meanwhile, became a common subject at other VC firms, with partners at several tellingthey’d heard about the move . As recently as August, sources close to Tiger Global denied Curtius was leaving, with one source tellingIn a funding round announced last week, a $50 million Series B raised by data onboarding service Flatfile, Curtiuson behalf of Tiger, the round’s lead investor.
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