Covid-19 hasn’t killed VC investing, but the ecosystem is definitely fighting an infection. Startups face new challenges, like difficulties in traveling, a reluctance to hold face-to-face meetings, and a general economic slowdown, forcing everyone to rewrite the playbook for startup funding.
Some are choosing to postpone fundraising, like Canadian startup Shift, which recently canceled its planned fundraising round to focus on revenue growth and refining its product because they felt they wouldn’t be able to access the value they deserve at this chaotic time.