Invest Like the Best with Patrick O'Shaughnessy Bill Gurley and Chetan Puttagunta – An Update on Consumer & Enterprise Venture Capital - [Invest Like the Best, EP.162]
Mar 13, 2020
Bill Gurley and Chetan Puttagunta, partners at Benchmark Capital, discuss the current landscape of venture capital in light of the coronavirus pandemic. They share insights on how early-stage companies can thrive amidst economic challenges. Entrepreneurs are encouraged to focus on adaptability and strategic cash management, while unique advantages for smaller firms come to light. The duo also reflects on lessons from past downturns and highlights the importance of remote work best practices in this evolving environment.
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Unique Time in Venture Capital
- Venture capital is experiencing a unique period of uncertainty and precaution.
- Entrepreneurs are adapting by prioritizing employee health and company stability.
Thriving in Downturns
- During downturns, disciplined execution is key for companies to emerge stronger.
- Focus on cash conservation and pragmatism to weather market fluctuations.
Risk Fluctuation and Entrepreneur Quality
- Silicon Valley's risk tolerance increases gradually, then drops sharply during resets.
- Downturns filter out less committed entrepreneurs, increasing average quality.