

Be relevant, or get downturned
18 snips Feb 1, 2023
Hans Tung, Managing Partner at GGV Capital, shares his two decades of investment wisdom, advising startups on how to thrive amid economic downturns. He stresses the importance of staying relevant and adapting to shifting markets. Tung reveals what he looks for in new investments and discusses his initiative in embedded fintech. He offers insights into navigating capital challenges and highlights emerging opportunities in the fintech landscape, all while maintaining a calm and strategic approach.
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Cash Runway
- Companies should have at least 18-24 months of cash runway.
- This helps weather downturns and outlast competitors.
Down Rounds
- Raising a down round is better than running out of cash entirely.
- Company survival is paramount, allowing future growth opportunities.
Investment Pace
- VCs should maintain a steady investment pace, even during downturns.
- Adjust the pace but stay engaged with founders and the market.