It’s too early to determine whether SVB’s downfall heralds a new era for venture capital, but based on anecdotal evidence, off-the-record discussions and chats with co-workers, it seems like we’re back to business as usual as far as pre-revenue startup fundraising is concerned.
Not a scientific sampling, but I noticed that several investors signaled this week on Twitter that they remain interested in talking to founders who are still at the idea stage.
I shy away from sharing hot takes, but here’s one: With contagion contained, the VC community feels good about writing smallish checks for pre-revenue startups, but Series A and up? Más o menos.
Before Silicon Valley Bank crashed, I asked seven VCs about the startups they’re interested in backing right now, how they prefer to be approached and whether they could share any tips for first-time founders.
As long as this downturn persists, this investor Q&A will be a monthly TC+ column. If you’re a recently laid-off worker considering striking out on your own, an H-1B employee who’s had it up to here or just looking for tips and advice that can help you connect with early-stage investors, please read and share.
If you’re an investor who wants to be included in future columns, email firstname.lastname@example.org with “How to pitch me” in the subject line.
Thanks very much to everyone who took the time to respond to these questions in such detail. There’s plenty of tactical advice here, and much more to come.
Here’s who participated:
- Brian Backeen, general partner, Lightship Capital
- Masha Bucher, founder and general partner, Day One Ventures
- Rebecca Liu-Doyle, managing director, Insight Partners
- Clelia Warburg Peters, managing partner, Era Ventures
- Nick Adams, managing partner and co-founder, Differential Ventures
- Lisa Lambert, founder and president, National Grid Partners
- Elizabeth Yin, co-founder and general partner, Hustle Fund
Have a great weekend,
Editorial Manager, TechCrunch+