Covid-19 impact on venture capital market: InnMind VC report 2020

InnMind, #1 platform in Europe for startups & investors, released a report based on the personal interviews with 100+ VC firms and investors from Silicon Valley & Europe regarding the covid-19 impact on the venture capital market and investment sentiments.

(PRESS RELEASE) LAUSANNE, 19-Jun-2020 — /EuropaWire/ — Since the very beginning of the coronavirus pandemic and global lockdown, an international community forming a startup ecosystem has had similar concerns and questions: what will change in the VC market and what opportunities will still be available for startups in 2020? Following this call, InnMind asked investors, managing partners of top VC funds and leading venture capitalists, to share their opinion on the ongoing crisis and how the lockdown changes their investment strategy.

To give startup founders a picture of the VC market state in 2020, the company decided to launch a new line of educational & analytical content – Venture Investors’ Economic Forecast 2020-2021. InnMind team has recorded 20+ video interviews with leading investors and experts like Tim Draper (Draper University), Igor Shoifot (TMT Investments), Bill Reichert (Garage Technology Ventures), Igor Ryabenkiy (Altair VC), Steve Blank (creator of Lean Startup methodology), Alex Osterwalder (Business Model Canvas creator) and others.

Some economic forecasts from the experts promised the deepest recession during the last 20 years. Considering that, it is not surprising that some investors among conservative VCs prefer to slow down their investment activity or pause it until the market situation will be more predictable (21,6% of respondents slow down the investment). Many of them focused on supporting portfolio companies instead of making new deals.

The majority of investors still focused on exploring new opportunities and even expanding their investment strategy. For example, Alexander Chachava, managing partner at Leta Capital, said: 

“We feel a good momentum for investments because as I already mentioned, the world needs changes, starting from life science and to tech. And so we are here just to give resources, support and ideas to the entrepreneurs, who will change this world using tech and making our world a better place.” 

Following VCs’ positive sentiments, InnMind continues releasing a series of activities related to bringing new opportunities for startup companies already now, such as Virtual Shark-Tank Pitching sessions with VC firms & angel investors, onboarding Silicon Valley Startup Bootcamp residents for the 5-day acceleration event in October and much more related to the development of international startup and investment ecosystem.

Click here to access a full version of InnMind VC survey “Covid-19 impact on venture capital market” to learn more details about how the coronavirus pandemic impacts the VC startup fundraising and what are the main recommendations to overcome the obstacles and succeed during the turbulent times.

If you have any questions or need exclusive quotes from InnMind or VC firms for the release, contact directly e.naimushina@innmind.com; phone: +34640830310

SOURCE: InnMind