Tribe capital has reduced internal valuation of startup

After years of fervently investing in startups and their founders, venture capital firm "Tribe" has had to cope with the aftermath, substantially reducing the internal valuation of startup.

Yes, I read that news. It's not with Tribe capital, but it seems that many other venture capitalists are doing the same. I heard this news that Tribe has actually slammed the internal valuation of Invenia by 95 percent and that's huge. It was quite enthusiastic about investing in Invenia, and that comes as a shock. Well, many of the start ups where Tribe capital ventured into have flaundered. FTX is one example which has gone bankruptcy and the founder has a lawsuit and is behind bars. So, Tribe has to take a step back and play safe and real.