Startup Around

Coronavirus may freeze fund flow into startups as VCs exercise caution


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It may seem like early days, but anxiety is palpable among venture capitalists (VCs), entrepreneurs, and startups over what the future may bring, post-coronavirus.
In a memo to founders and CEOs, Sequoia equated coronavirus with the “black swan of 2020”, stating it could have far-reaching implications.
Its guideline to startups was simple: question every assumption, be it the business, cash runaway, fund raising, sales forecast, marketing, headcount, capital funding, the list goes on.
V Balakrishnan, Chairman, Exfinity Ventures, a PE and VC fund, says,“Right now, there is no major change for most investors.
Ganesh Rengaswamy, Co-founding Partner, Quona Capital, says, “The sentiment is cautious but positive for investments in early-stage startups. | To read full story, visit https://startuparound.com/read/1584925206.7164743/Coronavirus-may-freeze-fund-flow-into-startups-as-VCs-exercise-caution?ref=audio_experience
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