The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

Semil Shah of Haystack joins Nick on a special Crisis Coverage installment to discuss VC Fund Management in a Pandemic World. In this episode, we cover:

  • Last time we had you on was Nov. 2017... quick update on you and Haystack since then?
  • LP interaction - are capital call defaults a serious issue to consider in this environment?
  • How do you think investment dollar volume adjusts in 2020 vs. '19?
  • I know you've had a lot of calls w/ friends and mentors lately... what are you hearing from the veteran investors right now?
  • What feedback or insights have surprised you?
  • What actions have you taken since the crisis hit to adjust your own strategy?
  • How do you see the value of face-to-face interaction playing out in the VC-Founder interaction during pitches moving forward?
  • How are you prioritizing reserves when triaging?
  • In the case of a fund running low on dry powder right now, what are your thoughts on reopening a fund?
  • In what cases should an early stage company change their business model to address the changing environment?
  • What are your thoughts on GTM, or changes in GTM, in this environment?
  • I saw that you guys are Crowdsourcing a list of startups who have changed their business model to help fight covid-19.  What have been the most interesting so far?
  • Over/under on duration?

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