"Character shows in a crisis, and I have observed some investors who start to make outrageous asks in the term sheet given the situation," Boston-based VC Russ Wilcox told Business Insider in a prior conversation. "That's a moment when people are opportunistic and will show their colors."
Over the last decade, venture capital was relatively easy to get across the board, and even more so for founders with highly regarded backgrounds. Many investors rely on so-called "pattern matching" by focusing on founders with backgrounds similar to other successful founders they've backed, and structuring funding deals similarly.
"I think COVID has revealed inequities across the board, but in venture capital and startup communities, it's more apparent that founders of color and women don't have access to capital or networks to easily sustain themselves without a lot of effort,"Rather than straying outside their comfort zone, though, investors could simply refrain from making new investments if they don't feel strongly attracted to the deals on offer — an outcome that the survey results confirmed.
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You mean they are actually looking at spreadsheets with profits projections? What a joke!
The watering down of the VC space continues. Honestly...what’s the appeal anymore
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