This is just a test
In these uncharted times, firms are rewriting term sheets and valuations are dropping. How will that impact current era funds?
Demand for sextech, gambling and cannabis products began to skyrocket when lockdowns began.
Analysts predict a global seed slowdown of 22% by the end of Q1 because of the covid-19 outbreak, US seed investors say not so fast.
While UM did not back Sequoias' third megafund, the endowment committed in 2019 to two of the firm's smaller funds.
Jury is still out, but heavily invested legacy vintages might suffer more than funds in the coming market.
SOSV's labs, which have remained open during the national lockdown, have already worked with more than a dozen start-ups on the front lines of the covid-19 response.