Quite the opposite – I think it’s the best time. Here’s why:
Video Transcript
Hello. Another question that I often get asked is, isn’t this the worst possible time to start investing in young, fragile startups?
It’s the best time to be investing in early-stage entrepreneurs and their teams right now
I think it’s not. I think it’s the best time to be investing in early-stage entrepreneurs and their teams right now. Why? Well, crisis often means we have to rethink the way we do things. It forces a lot of us to leave a comfortable environment and think about how can we make things work? How can we innovate, so we stay relevant? If we look back ten years past the last financial crisis in 2008, 2009, and 2010, lots of great companies were founded.
There’s Airbnb, of course, they’re not doing so great right now. But for the last ten years, they’ve been absolutely killing it. There are WhatsApp and Slack, two huge communication tools that we use daily. And then there are also Square and Venmo two financial or extremely popular FinTech apps. There’s also Uber that was started around that time. So probably one-third of the apps and companies that have a really tangible impact on my day to day life were founded somewhere right after the last crisis.
So no, I do think it’s a great time to invest in early-stage entrepreneurs. If you are someone with an idea, someone that wants to rethink how we do things and how we live our lives, then please get in touch with us.
And with that, stay curious, and I’ll talk to you soon.
