The French Fries Test
From what we’ve been hearing from the investors whom we know personally, the funding purse strings are opening up again, and mergers are moving forward.
We hosted Jonathan Hakakian of SoundBoard VC at last week’s Online Insights, and part of the discussion centered around changes on how VCs vet startups. Yes, they’re still vetting decks, doing their due diligence and all that, but many meetings are still held over Zoom or some other such platform. Which means that funds have eased the requirements in terms of geolocation. Many VC/Angel firms don’t even feel the need to have a dedicated office. Some use co-working spaces to have somewhere to hold meetings from time to time, and for conference room access. Offices, for both investors and founders, are no longer necessary, at least, in some cases, not until you’ve reached a certain stage.
Jonathan has returned to taking in-person meetings, circumstances permitting, meaning, when it’s geographically possible for him and the founder/founding team. And there are times when they’ll keep it casual, meeting at a diner or restaurant. There is a different dynamic at in-person meetings, but still important to mind your Ps and Qs – and your table manners.