Venture Debt Providers Aren't Preparing for Challenging Conversations

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When things are going well, a lot of companies and founders will do those deals because they think, well, what could go wrong? It's just runway in an imi company's doing great. They don't really nobody had scenario planned. And i think that's you mention covenants. Those deals usually come with covenants, whether it's growth rate or cash balance, or revenue or margins,. t th, they have a variety of terms. A ventur debt provider has terms where they are supposed to get paid back that money plus interest. But the market just did reset on everybody's financial plan for this year. Almost no company would have had that plan. You knowa as

0:51 Jason gives some thoughts on quarantine & intros GGV's Jeff Richards
5:11 What will this crisis look like on the other side? Benefits of having a levelheaded approach
11:38 What has Jeff seen from his seasoned portfolio founders who went through the 2008 crisis?
16:21 What advice does Jeff give to first-time founders in his portfolio?
22:22 Investor panic & differences in opinion between independent & investor board members
25:50 What could inexperienced board advice be in a time like this?
30:45 What is GGV's typical check size, how many startups do they invest in per year, and how are their funds divvied up between early-stage & growth
33:26 Chances that current deals could be renegotiated? How can founders price themselves properly?
38:05 Jeff explains liquidation preferences
42:52 How should companies approach taking venture debt in a time like this? What is Jeff's criteria for taking venture debt?
51:11 If things are going poorly, what are some things founders can do to right the ship? Examples of great pivots that saved companies
57:58 What is Airbnb's roadmap from here on out?
1:02:12 Why Jeff doesn't get enamored with IPO valuations & why he is long tech
1:08:18 Thoughts on Zoom, anti-trust laws & more