also closed new funds, suggesting capital remains available to growing tech startups even as a pandemic-induced recession bites.
Asked how the pandemic was influencing the firm's thinking, she said: "It's definitely accelerating trends. Part of the job of a VC is to try and predict what technology does to society. We have this thesis of what will happen, and part of it is timing, like you'll think something will happen in the next few years ... What we've seen with COVID-19 is that some of those times are really being brought forward.
"They grew 100% in April," said Teli. "We're going to get to see whether these were permanent shifts in behavior, or whether they were temporary shifts and people actually want to go back to the gym." She added that Connect is pretty select about where it allocates its funding, with partners only doing two to three deals per year. "The core strategy is ... build the portfolio of 25 to 30 companies where we think those founders have a real shot at building a really compelling product-centric business starting in Europe."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Phone booth-like tiny room could be an office inside your living room - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook's bad week, inside The Athletic, and Red Bull's reckoning - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I thought he had enough money to get a decent haircut Don't give up Mark!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Orum House, the Bel Air mansion shaped like a propeller: photos - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Prefer the house of Bill Gates at Seattle: a mix of human warm in natural paradise with all possible Tech inside. Elegancy and classy are not an invention, are ancient education in ancient dna🤩👏👏👏👏👏👏👏👏👏👏👏❤️
Source: BusinessInsider - 🏆 729. / 51 Read more »
Microsoft-backed Kahoot used this pitch deck to raise $28 million - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon creates $2 billion venture fund to speed up carbon-free future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Frontline Ventures: New report shows US startups avoiding Europe post-Brexit - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »