E40: “Angel” Podcast: Jeff Richards, Managing Partner at GGV Capital shares lessons for founders & investors from 2008 recession & Dot-com bust, criteria for taking on venture debt, valuing companies

0:51 Jason gives some thoughts on quarantine & intros GGV's Jeff Richards

5:11 What will this crisis look like on the other side? Benefits of having a levelheaded approach

11:38 What has Jeff seen from his seasoned portfolio founders who went through the 2008 crisis?

16:21 What advice does Jeff give to first-time founders in his portfolio?

22:22 Investor panic & differences in opinion between independent & investor board members

25:50 What could inexperienced board advice be in a time like this?

30:45 What is GGV's typical check size, how many startups do they invest in per year, and how are their funds divvied up between early-stage & growth

33:26 Chances that current deals could be renegotiated? How can founders price themselves properly?

38:05 Jeff explains liquidation preferences

42:52 How should companies approach taking venture debt in a time like this? What is Jeff's criteria for taking venture debt?

51:11 If things are going poorly, what are some things founders can do to right the ship? Examples of great pivots that saved companies

57:58 What is Airbnb's roadmap from here on out?

1:02:12 Why Jeff doesn't get enamored with IPO valuations & why he is long tech

1:08:18 Thoughts on Zoom, anti-trust laws & more