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 15 days ago
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Strategies for surviving the COVID-19 Series B squeeze – TechCrunch

Quick Summary

I’ve been investing in technology companies for over twenty years, and I’ve seen how venture capitalists respond in bull and bear markets. A growth company that only a few months ago was shopping for a $20 million, $30 million, or even $40 million Series B, with a choice of potential investors, must now acknowledge that the shelves may well have emptied. The simple reason for this is that VCs are having to rapidly reallocate their two principal assets: time and capital. More time has to be spent stitching together deals for portfolio companies in need of fresh funding, with little support from outside money. It will likely take quarters — not weeks — for that gulf to be bridged and for many deals to become possible again.

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