How has COVID-19 impacted U.S. venture capital (VC) markets?
Q1’20 was unlike any quarter on record. The emergence of the novel coronavirus COVID-19 derailed all expectations for the year, putting previous trends and concerns—such as Brexit and the U.S.-China trade tensions—on the backburner.
The relatively long lead times for deals helped keep the VC market on an even keel even as the effects of the global pandemic began to make waves in the U.S. economy and public markets. Looking ahead, however, we see a number of challenges that could depress the VC markets until at least the end of 2020.
In this edition of Privately Speaking, we dig into the first-quarter results to see how the VC markets responded to the immediate impact of COVID-19. And we offer some insights and opinions on how the experience has changed future investment flows.
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