SlideShare a Scribd company logo
1 of 33
Download to read offline
JUNE 2
2020
Part II
NFX is an early-stage venture firm based in San Francisco that
is transforming how true innovators are funded. As founders
ourselves, we built 10 network effect companies with more
than $10 billion in exits across multiple industries and
geographies.
We believe that creating something of true significance starts
with seeing what others do not.
www.nfx.com @nfx
Introduction
About the Survey
The VC & Founder Sentiment Survey is an ongoing
initiative to track how early stage Investors and
Founders are reacting to the COVID-19 crisis.
The goal is to provide a series of reference points over
time to the community, in the midst of one of the
most unpredictable climates we will ever face.
Part I of The Sentiment Survey was conducted on April 3rd, 2020.
This is our June 2020 check-in with VCs and Founders
to see how they are feeling and responding
nearly 2 months later.
5
Sentiment Survey #2 - June 2, 2020
451 Seed-Stage & Series A
Founders
141 VCs
6
The survey data captures how both tech VCs and startup Founders
feel about the COVID-19 pandemic, including:
● How VCs and Founders are grading the Federal Government's
handling of the pandemic?
● How VCs and Founders really feel about remote work, once
the quarantine is over?
● What tech startup valuations are looking like now, several
months into the pandemic?
● Which tech markets are seeing significant revenue gains vs.
revenue losses?
● How VCs really feel about funding companies that are fully
remote, going forward?
● At what rate are VCs investing compared to pre-COVID-19?
5
Key Findings
1. Startup Valuations Continue Dropping
○ 60% of VCs have seen valuations drop by 20-30% so far as a result
of COVID-19. They predict additional decline in valuations over the
next 12 months, adding up to an average predicted decrease of
40.1% in valuations.
2. VCs Find Remote Companies Less Attractive As Investments
○ Though 74% of Founders plan to move to majority or fully remote
work, nearly 60% of VCs report that remote teams are less
attractive as investments.
3. VC and Founder Predictions for Economic Recovery Are Getting
Worse, Not Better
○ Founders remain much more optimistic than VCs about how long
it will take for the economy to recover. Still, Founders and VCs alike
have revised their predictions for the worse.
Key Findings (cont’d)
4. Startups May Have A Competitive Advantage In Their Speed To
Adapt To Changing Market Conditions.
● 40% of tech founders have reported no change to revenues; and
20% have reported an increase in revenues.
5. Startups Are Still Hiring (And Getting Talent For Less $$)
● 60% of Founders are still hiring (some slower than usual; some
playing offense and hiring more aggressively).
● Of those companies hiring, 50% report lower salary
requirements for new hires than before the pandemic.
6. 60% of Tech Startup Founders give the Federal Government’s
handling of the COVID-19 pandemic a D or F failing grade.
VC & Founder
Survey Data
8
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
Results from the VC & Founder COVID-19 Sentiment Survey, Part II
NFX is an early-stage venture firm based in San Francisco that
is transforming how true innovators are funded. As founders
ourselves, we built 10 network effect companies with more
than $10 billion in exits across multiple industries and
geographies.
We believe that creating something of true significance starts
with seeing what others do not.
www.nfx.com @nfx

More Related Content

What's hot

DealMarket DIGEST Issue 175 // 06 March 2015
DealMarket DIGEST Issue 175 // 06 March 2015DealMarket DIGEST Issue 175 // 06 March 2015
DealMarket DIGEST Issue 175 // 06 March 2015CAR FOR YOU
 
Dmd q1 ir-presentation-2016.pdf
Dmd q1 ir-presentation-2016.pdfDmd q1 ir-presentation-2016.pdf
Dmd q1 ir-presentation-2016.pdfLeaf Group
 
High resventurepulseq116-160412205102
High resventurepulseq116-160412205102High resventurepulseq116-160412205102
High resventurepulseq116-160412205102Monica Popa
 
Seedcamp Fund V Fundraising Deck
Seedcamp Fund V Fundraising DeckSeedcamp Fund V Fundraising Deck
Seedcamp Fund V Fundraising DeckSeedcamp
 
1001 J V C A 2009年米国の V C投資動向
1001    J V C A  2009年米国の V C投資動向1001    J V C A  2009年米国の V C投資動向
1001 J V C A 2009年米国の V C投資動向Allen Miner
 
Minneapolis–St. Paul Chart of the Week November 16, 2015
Minneapolis–St. Paul Chart of the Week November 16, 2015Minneapolis–St. Paul Chart of the Week November 16, 2015
Minneapolis–St. Paul Chart of the Week November 16, 2015Carolyn Bates
 
Opening Presentation - Sthlm Fintech Week 2019- How to work together?
Opening Presentation - Sthlm Fintech Week 2019- How to work together?Opening Presentation - Sthlm Fintech Week 2019- How to work together?
Opening Presentation - Sthlm Fintech Week 2019- How to work together?MichalGromek
 
State Of Venture Capital and Angel Markets 2016
State Of Venture Capital and Angel Markets 2016State Of Venture Capital and Angel Markets 2016
State Of Venture Capital and Angel Markets 2016Tim Dick
 
DealMarket DIGEST Issue 170 // 30 January 2015
DealMarket DIGEST Issue 170 // 30 January 2015DealMarket DIGEST Issue 170 // 30 January 2015
DealMarket DIGEST Issue 170 // 30 January 2015CAR FOR YOU
 
How Private Wealth Managers Can Capitalize on any Market Environment-Gershi...
  How Private Wealth Managers Can Capitalize on any Market Environment-Gershi...  How Private Wealth Managers Can Capitalize on any Market Environment-Gershi...
How Private Wealth Managers Can Capitalize on any Market Environment-Gershi...Investments Network marcus evans
 
The Real Estate Investment Opportunities Today-Steve Fifield, FRC Realty Inc.
The Real Estate Investment Opportunities Today-Steve Fifield, FRC Realty Inc.The Real Estate Investment Opportunities Today-Steve Fifield, FRC Realty Inc.
The Real Estate Investment Opportunities Today-Steve Fifield, FRC Realty Inc.Investments Network marcus evans
 

What's hot (13)

DealMarket DIGEST Issue 175 // 06 March 2015
DealMarket DIGEST Issue 175 // 06 March 2015DealMarket DIGEST Issue 175 // 06 March 2015
DealMarket DIGEST Issue 175 // 06 March 2015
 
Dmd q1 ir-presentation-2016.pdf
Dmd q1 ir-presentation-2016.pdfDmd q1 ir-presentation-2016.pdf
Dmd q1 ir-presentation-2016.pdf
 
0507 057 01 98 * Adana Klima Montaj Servisleri
0507 057 01 98 * Adana Klima Montaj Servisleri0507 057 01 98 * Adana Klima Montaj Servisleri
0507 057 01 98 * Adana Klima Montaj Servisleri
 
High resventurepulseq116-160412205102
High resventurepulseq116-160412205102High resventurepulseq116-160412205102
High resventurepulseq116-160412205102
 
Seedcamp Fund V Fundraising Deck
Seedcamp Fund V Fundraising DeckSeedcamp Fund V Fundraising Deck
Seedcamp Fund V Fundraising Deck
 
1001 J V C A 2009年米国の V C投資動向
1001    J V C A  2009年米国の V C投資動向1001    J V C A  2009年米国の V C投資動向
1001 J V C A 2009年米国の V C投資動向
 
Minneapolis–St. Paul Chart of the Week November 16, 2015
Minneapolis–St. Paul Chart of the Week November 16, 2015Minneapolis–St. Paul Chart of the Week November 16, 2015
Minneapolis–St. Paul Chart of the Week November 16, 2015
 
Opening Presentation - Sthlm Fintech Week 2019- How to work together?
Opening Presentation - Sthlm Fintech Week 2019- How to work together?Opening Presentation - Sthlm Fintech Week 2019- How to work together?
Opening Presentation - Sthlm Fintech Week 2019- How to work together?
 
Blurred Lines: Incubators, Accelerators and Coworking
Blurred Lines: Incubators, Accelerators and CoworkingBlurred Lines: Incubators, Accelerators and Coworking
Blurred Lines: Incubators, Accelerators and Coworking
 
State Of Venture Capital and Angel Markets 2016
State Of Venture Capital and Angel Markets 2016State Of Venture Capital and Angel Markets 2016
State Of Venture Capital and Angel Markets 2016
 
DealMarket DIGEST Issue 170 // 30 January 2015
DealMarket DIGEST Issue 170 // 30 January 2015DealMarket DIGEST Issue 170 // 30 January 2015
DealMarket DIGEST Issue 170 // 30 January 2015
 
How Private Wealth Managers Can Capitalize on any Market Environment-Gershi...
  How Private Wealth Managers Can Capitalize on any Market Environment-Gershi...  How Private Wealth Managers Can Capitalize on any Market Environment-Gershi...
How Private Wealth Managers Can Capitalize on any Market Environment-Gershi...
 
The Real Estate Investment Opportunities Today-Steve Fifield, FRC Realty Inc.
The Real Estate Investment Opportunities Today-Steve Fifield, FRC Realty Inc.The Real Estate Investment Opportunities Today-Steve Fifield, FRC Realty Inc.
The Real Estate Investment Opportunities Today-Steve Fifield, FRC Realty Inc.
 

Similar to Results from the VC & Founder COVID-19 Sentiment Survey, Part II

Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...Mercer Capital
 
Managing Through the COVID-19 Crisis: A Guide for All Business Leaders
Managing Through the COVID-19 Crisis: A Guide for All Business LeadersManaging Through the COVID-19 Crisis: A Guide for All Business Leaders
Managing Through the COVID-19 Crisis: A Guide for All Business LeadersDavid Gross
 
PwC - Investment and Corporate Insight's for SIA's In This Together Series
PwC - Investment and Corporate Insight's for SIA's In This Together SeriesPwC - Investment and Corporate Insight's for SIA's In This Together Series
PwC - Investment and Corporate Insight's for SIA's In This Together SeriesSales Impact Academy
 
PwC - Investment and Corporate Insight's for SIA's In This Together Series
PwC - Investment and Corporate Insight's for SIA's In This Together Series PwC - Investment and Corporate Insight's for SIA's In This Together Series
PwC - Investment and Corporate Insight's for SIA's In This Together Series Paul Fifield
 
Venture Capital in the US
Venture Capital in the USVenture Capital in the US
Venture Capital in the USEric Gabrys
 
Journal of Applied Corporate Finance • Volume 22 Number 2 A Mo.docx
Journal of Applied Corporate Finance • Volume 22 Number 2 A Mo.docxJournal of Applied Corporate Finance • Volume 22 Number 2 A Mo.docx
Journal of Applied Corporate Finance • Volume 22 Number 2 A Mo.docxpriestmanmable
 
Executive Sentiment on Revenue Recovery From the Impact of COVID-19
Executive Sentiment on Revenue Recovery From the Impact of COVID-19Executive Sentiment on Revenue Recovery From the Impact of COVID-19
Executive Sentiment on Revenue Recovery From the Impact of COVID-19Fann Nguyen
 
Business Proposal: Venture Capital Firm in Canada
Business Proposal: Venture Capital Firm in CanadaBusiness Proposal: Venture Capital Firm in Canada
Business Proposal: Venture Capital Firm in CanadaSonakshi Gupta
 
Trial By Fire: How CFOs Are Stepping Up Amid The Crisis
Trial By Fire: How CFOs Are Stepping Up Amid The CrisisTrial By Fire: How CFOs Are Stepping Up Amid The Crisis
Trial By Fire: How CFOs Are Stepping Up Amid The CrisisFranz Rois
 
Mercer Capital's Value Focus: FinTech Industry | Second Quarter 2016
Mercer Capital's Value Focus: FinTech Industry | Second Quarter 2016  Mercer Capital's Value Focus: FinTech Industry | Second Quarter 2016
Mercer Capital's Value Focus: FinTech Industry | Second Quarter 2016 Mercer Capital
 
Etude PwC sur les banques de détail (2014)
Etude PwC sur les banques de détail (2014)Etude PwC sur les banques de détail (2014)
Etude PwC sur les banques de détail (2014)PwC France
 
201404 Retail-Banking-2020-Evolution-or-Revolution by PwC
201404  Retail-Banking-2020-Evolution-or-Revolution by PwC201404  Retail-Banking-2020-Evolution-or-Revolution by PwC
201404 Retail-Banking-2020-Evolution-or-Revolution by PwCFrancisco Calzado
 
Pwc retail-banking-2020-evolution-or-revolution
Pwc retail-banking-2020-evolution-or-revolutionPwc retail-banking-2020-evolution-or-revolution
Pwc retail-banking-2020-evolution-or-revolutionAjay Alex
 
Retail Banking 2020: evolution or revolution
Retail Banking 2020: evolution or revolutionRetail Banking 2020: evolution or revolution
Retail Banking 2020: evolution or revolutionIgnasi Martín Morales
 
Banca Retail 2020 - PwC Informes - Informe completo
Banca Retail 2020 - PwC Informes - Informe completoBanca Retail 2020 - PwC Informes - Informe completo
Banca Retail 2020 - PwC Informes - Informe completoPwC España
 
011415 DCIO Profit & Sizing
011415 DCIO Profit & Sizing011415 DCIO Profit & Sizing
011415 DCIO Profit & SizingTom Modestino
 
MMV Age of Collaboration Executive Presentation
MMV Age of Collaboration Executive PresentationMMV Age of Collaboration Executive Presentation
MMV Age of Collaboration Executive PresentationIan Nguyen
 

Similar to Results from the VC & Founder COVID-19 Sentiment Survey, Part II (20)

Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...
 
Managing Through the COVID-19 Crisis: A Guide for All Business Leaders
Managing Through the COVID-19 Crisis: A Guide for All Business LeadersManaging Through the COVID-19 Crisis: A Guide for All Business Leaders
Managing Through the COVID-19 Crisis: A Guide for All Business Leaders
 
PwC - Investment and Corporate Insight's for SIA's In This Together Series
PwC - Investment and Corporate Insight's for SIA's In This Together SeriesPwC - Investment and Corporate Insight's for SIA's In This Together Series
PwC - Investment and Corporate Insight's for SIA's In This Together Series
 
PwC - Investment and Corporate Insight's for SIA's In This Together Series
PwC - Investment and Corporate Insight's for SIA's In This Together Series PwC - Investment and Corporate Insight's for SIA's In This Together Series
PwC - Investment and Corporate Insight's for SIA's In This Together Series
 
Venture Capital in the US
Venture Capital in the USVenture Capital in the US
Venture Capital in the US
 
Journal of Applied Corporate Finance • Volume 22 Number 2 A Mo.docx
Journal of Applied Corporate Finance • Volume 22 Number 2 A Mo.docxJournal of Applied Corporate Finance • Volume 22 Number 2 A Mo.docx
Journal of Applied Corporate Finance • Volume 22 Number 2 A Mo.docx
 
Venture Capitalisim By Talha Lodhi
Venture Capitalisim By Talha LodhiVenture Capitalisim By Talha Lodhi
Venture Capitalisim By Talha Lodhi
 
Executive Sentiment on Revenue Recovery From the Impact of COVID-19
Executive Sentiment on Revenue Recovery From the Impact of COVID-19Executive Sentiment on Revenue Recovery From the Impact of COVID-19
Executive Sentiment on Revenue Recovery From the Impact of COVID-19
 
FT Partners Research - Understanding the Impact of COVID-19 on FinTech
FT Partners Research - Understanding the Impact of COVID-19 on FinTechFT Partners Research - Understanding the Impact of COVID-19 on FinTech
FT Partners Research - Understanding the Impact of COVID-19 on FinTech
 
SVB China Startup Outlook 2016
SVB China Startup Outlook 2016SVB China Startup Outlook 2016
SVB China Startup Outlook 2016
 
Business Proposal: Venture Capital Firm in Canada
Business Proposal: Venture Capital Firm in CanadaBusiness Proposal: Venture Capital Firm in Canada
Business Proposal: Venture Capital Firm in Canada
 
Trial By Fire: How CFOs Are Stepping Up Amid The Crisis
Trial By Fire: How CFOs Are Stepping Up Amid The CrisisTrial By Fire: How CFOs Are Stepping Up Amid The Crisis
Trial By Fire: How CFOs Are Stepping Up Amid The Crisis
 
Mercer Capital's Value Focus: FinTech Industry | Second Quarter 2016
Mercer Capital's Value Focus: FinTech Industry | Second Quarter 2016  Mercer Capital's Value Focus: FinTech Industry | Second Quarter 2016
Mercer Capital's Value Focus: FinTech Industry | Second Quarter 2016
 
Etude PwC sur les banques de détail (2014)
Etude PwC sur les banques de détail (2014)Etude PwC sur les banques de détail (2014)
Etude PwC sur les banques de détail (2014)
 
201404 Retail-Banking-2020-Evolution-or-Revolution by PwC
201404  Retail-Banking-2020-Evolution-or-Revolution by PwC201404  Retail-Banking-2020-Evolution-or-Revolution by PwC
201404 Retail-Banking-2020-Evolution-or-Revolution by PwC
 
Pwc retail-banking-2020-evolution-or-revolution
Pwc retail-banking-2020-evolution-or-revolutionPwc retail-banking-2020-evolution-or-revolution
Pwc retail-banking-2020-evolution-or-revolution
 
Retail Banking 2020: evolution or revolution
Retail Banking 2020: evolution or revolutionRetail Banking 2020: evolution or revolution
Retail Banking 2020: evolution or revolution
 
Banca Retail 2020 - PwC Informes - Informe completo
Banca Retail 2020 - PwC Informes - Informe completoBanca Retail 2020 - PwC Informes - Informe completo
Banca Retail 2020 - PwC Informes - Informe completo
 
011415 DCIO Profit & Sizing
011415 DCIO Profit & Sizing011415 DCIO Profit & Sizing
011415 DCIO Profit & Sizing
 
MMV Age of Collaboration Executive Presentation
MMV Age of Collaboration Executive PresentationMMV Age of Collaboration Executive Presentation
MMV Age of Collaboration Executive Presentation
 

Recently uploaded

Anypoint Code Builder , Google Pub sub connector and MuleSoft RPA
Anypoint Code Builder , Google Pub sub connector and MuleSoft RPAAnypoint Code Builder , Google Pub sub connector and MuleSoft RPA
Anypoint Code Builder , Google Pub sub connector and MuleSoft RPAshyamraj55
 
Building Your Own AI Instance (TBLC AI )
Building Your Own AI Instance (TBLC AI )Building Your Own AI Instance (TBLC AI )
Building Your Own AI Instance (TBLC AI )Brian Pichman
 
Secure your environment with UiPath and CyberArk technologies - Session 1
Secure your environment with UiPath and CyberArk technologies - Session 1Secure your environment with UiPath and CyberArk technologies - Session 1
Secure your environment with UiPath and CyberArk technologies - Session 1DianaGray10
 
How Accurate are Carbon Emissions Projections?
How Accurate are Carbon Emissions Projections?How Accurate are Carbon Emissions Projections?
How Accurate are Carbon Emissions Projections?IES VE
 
Cybersecurity Workshop #1.pptx
Cybersecurity Workshop #1.pptxCybersecurity Workshop #1.pptx
Cybersecurity Workshop #1.pptxGDSC PJATK
 
Using IESVE for Loads, Sizing and Heat Pump Modeling to Achieve Decarbonization
Using IESVE for Loads, Sizing and Heat Pump Modeling to Achieve DecarbonizationUsing IESVE for Loads, Sizing and Heat Pump Modeling to Achieve Decarbonization
Using IESVE for Loads, Sizing and Heat Pump Modeling to Achieve DecarbonizationIES VE
 
ADOPTING WEB 3 FOR YOUR BUSINESS: A STEP-BY-STEP GUIDE
ADOPTING WEB 3 FOR YOUR BUSINESS: A STEP-BY-STEP GUIDEADOPTING WEB 3 FOR YOUR BUSINESS: A STEP-BY-STEP GUIDE
ADOPTING WEB 3 FOR YOUR BUSINESS: A STEP-BY-STEP GUIDELiveplex
 
KubeConEU24-Monitoring Kubernetes and Cloud Spend with OpenCost
KubeConEU24-Monitoring Kubernetes and Cloud Spend with OpenCostKubeConEU24-Monitoring Kubernetes and Cloud Spend with OpenCost
KubeConEU24-Monitoring Kubernetes and Cloud Spend with OpenCostMatt Ray
 
Linked Data in Production: Moving Beyond Ontologies
Linked Data in Production: Moving Beyond OntologiesLinked Data in Production: Moving Beyond Ontologies
Linked Data in Production: Moving Beyond OntologiesDavid Newbury
 
20230202 - Introduction to tis-py
20230202 - Introduction to tis-py20230202 - Introduction to tis-py
20230202 - Introduction to tis-pyJamie (Taka) Wang
 
Meet the new FSP 3000 M-Flex800™
Meet the new FSP 3000 M-Flex800™Meet the new FSP 3000 M-Flex800™
Meet the new FSP 3000 M-Flex800™Adtran
 
UiPath Studio Web workshop series - Day 6
UiPath Studio Web workshop series - Day 6UiPath Studio Web workshop series - Day 6
UiPath Studio Web workshop series - Day 6DianaGray10
 
The Data Metaverse: Unpacking the Roles, Use Cases, and Tech Trends in Data a...
The Data Metaverse: Unpacking the Roles, Use Cases, and Tech Trends in Data a...The Data Metaverse: Unpacking the Roles, Use Cases, and Tech Trends in Data a...
The Data Metaverse: Unpacking the Roles, Use Cases, and Tech Trends in Data a...Aggregage
 
UiPath Community: AI for UiPath Automation Developers
UiPath Community: AI for UiPath Automation DevelopersUiPath Community: AI for UiPath Automation Developers
UiPath Community: AI for UiPath Automation DevelopersUiPathCommunity
 
UiPath Studio Web workshop series - Day 8
UiPath Studio Web workshop series - Day 8UiPath Studio Web workshop series - Day 8
UiPath Studio Web workshop series - Day 8DianaGray10
 
Introduction to Matsuo Laboratory (ENG).pptx
Introduction to Matsuo Laboratory (ENG).pptxIntroduction to Matsuo Laboratory (ENG).pptx
Introduction to Matsuo Laboratory (ENG).pptxMatsuo Lab
 
Connector Corner: Extending LLM automation use cases with UiPath GenAI connec...
Connector Corner: Extending LLM automation use cases with UiPath GenAI connec...Connector Corner: Extending LLM automation use cases with UiPath GenAI connec...
Connector Corner: Extending LLM automation use cases with UiPath GenAI connec...DianaGray10
 
9 Steps For Building Winning Founding Team
9 Steps For Building Winning Founding Team9 Steps For Building Winning Founding Team
9 Steps For Building Winning Founding TeamAdam Moalla
 
UiPath Studio Web workshop series - Day 7
UiPath Studio Web workshop series - Day 7UiPath Studio Web workshop series - Day 7
UiPath Studio Web workshop series - Day 7DianaGray10
 
AI Fame Rush Review – Virtual Influencer Creation In Just Minutes
AI Fame Rush Review – Virtual Influencer Creation In Just MinutesAI Fame Rush Review – Virtual Influencer Creation In Just Minutes
AI Fame Rush Review – Virtual Influencer Creation In Just MinutesMd Hossain Ali
 

Recently uploaded (20)

Anypoint Code Builder , Google Pub sub connector and MuleSoft RPA
Anypoint Code Builder , Google Pub sub connector and MuleSoft RPAAnypoint Code Builder , Google Pub sub connector and MuleSoft RPA
Anypoint Code Builder , Google Pub sub connector and MuleSoft RPA
 
Building Your Own AI Instance (TBLC AI )
Building Your Own AI Instance (TBLC AI )Building Your Own AI Instance (TBLC AI )
Building Your Own AI Instance (TBLC AI )
 
Secure your environment with UiPath and CyberArk technologies - Session 1
Secure your environment with UiPath and CyberArk technologies - Session 1Secure your environment with UiPath and CyberArk technologies - Session 1
Secure your environment with UiPath and CyberArk technologies - Session 1
 
How Accurate are Carbon Emissions Projections?
How Accurate are Carbon Emissions Projections?How Accurate are Carbon Emissions Projections?
How Accurate are Carbon Emissions Projections?
 
Cybersecurity Workshop #1.pptx
Cybersecurity Workshop #1.pptxCybersecurity Workshop #1.pptx
Cybersecurity Workshop #1.pptx
 
Using IESVE for Loads, Sizing and Heat Pump Modeling to Achieve Decarbonization
Using IESVE for Loads, Sizing and Heat Pump Modeling to Achieve DecarbonizationUsing IESVE for Loads, Sizing and Heat Pump Modeling to Achieve Decarbonization
Using IESVE for Loads, Sizing and Heat Pump Modeling to Achieve Decarbonization
 
ADOPTING WEB 3 FOR YOUR BUSINESS: A STEP-BY-STEP GUIDE
ADOPTING WEB 3 FOR YOUR BUSINESS: A STEP-BY-STEP GUIDEADOPTING WEB 3 FOR YOUR BUSINESS: A STEP-BY-STEP GUIDE
ADOPTING WEB 3 FOR YOUR BUSINESS: A STEP-BY-STEP GUIDE
 
KubeConEU24-Monitoring Kubernetes and Cloud Spend with OpenCost
KubeConEU24-Monitoring Kubernetes and Cloud Spend with OpenCostKubeConEU24-Monitoring Kubernetes and Cloud Spend with OpenCost
KubeConEU24-Monitoring Kubernetes and Cloud Spend with OpenCost
 
Linked Data in Production: Moving Beyond Ontologies
Linked Data in Production: Moving Beyond OntologiesLinked Data in Production: Moving Beyond Ontologies
Linked Data in Production: Moving Beyond Ontologies
 
20230202 - Introduction to tis-py
20230202 - Introduction to tis-py20230202 - Introduction to tis-py
20230202 - Introduction to tis-py
 
Meet the new FSP 3000 M-Flex800™
Meet the new FSP 3000 M-Flex800™Meet the new FSP 3000 M-Flex800™
Meet the new FSP 3000 M-Flex800™
 
UiPath Studio Web workshop series - Day 6
UiPath Studio Web workshop series - Day 6UiPath Studio Web workshop series - Day 6
UiPath Studio Web workshop series - Day 6
 
The Data Metaverse: Unpacking the Roles, Use Cases, and Tech Trends in Data a...
The Data Metaverse: Unpacking the Roles, Use Cases, and Tech Trends in Data a...The Data Metaverse: Unpacking the Roles, Use Cases, and Tech Trends in Data a...
The Data Metaverse: Unpacking the Roles, Use Cases, and Tech Trends in Data a...
 
UiPath Community: AI for UiPath Automation Developers
UiPath Community: AI for UiPath Automation DevelopersUiPath Community: AI for UiPath Automation Developers
UiPath Community: AI for UiPath Automation Developers
 
UiPath Studio Web workshop series - Day 8
UiPath Studio Web workshop series - Day 8UiPath Studio Web workshop series - Day 8
UiPath Studio Web workshop series - Day 8
 
Introduction to Matsuo Laboratory (ENG).pptx
Introduction to Matsuo Laboratory (ENG).pptxIntroduction to Matsuo Laboratory (ENG).pptx
Introduction to Matsuo Laboratory (ENG).pptx
 
Connector Corner: Extending LLM automation use cases with UiPath GenAI connec...
Connector Corner: Extending LLM automation use cases with UiPath GenAI connec...Connector Corner: Extending LLM automation use cases with UiPath GenAI connec...
Connector Corner: Extending LLM automation use cases with UiPath GenAI connec...
 
9 Steps For Building Winning Founding Team
9 Steps For Building Winning Founding Team9 Steps For Building Winning Founding Team
9 Steps For Building Winning Founding Team
 
UiPath Studio Web workshop series - Day 7
UiPath Studio Web workshop series - Day 7UiPath Studio Web workshop series - Day 7
UiPath Studio Web workshop series - Day 7
 
AI Fame Rush Review – Virtual Influencer Creation In Just Minutes
AI Fame Rush Review – Virtual Influencer Creation In Just MinutesAI Fame Rush Review – Virtual Influencer Creation In Just Minutes
AI Fame Rush Review – Virtual Influencer Creation In Just Minutes
 

Results from the VC & Founder COVID-19 Sentiment Survey, Part II

  • 2. NFX is an early-stage venture firm based in San Francisco that is transforming how true innovators are funded. As founders ourselves, we built 10 network effect companies with more than $10 billion in exits across multiple industries and geographies. We believe that creating something of true significance starts with seeing what others do not. www.nfx.com @nfx
  • 4. The VC & Founder Sentiment Survey is an ongoing initiative to track how early stage Investors and Founders are reacting to the COVID-19 crisis. The goal is to provide a series of reference points over time to the community, in the midst of one of the most unpredictable climates we will ever face. Part I of The Sentiment Survey was conducted on April 3rd, 2020. This is our June 2020 check-in with VCs and Founders to see how they are feeling and responding nearly 2 months later. 5
  • 5. Sentiment Survey #2 - June 2, 2020 451 Seed-Stage & Series A Founders 141 VCs 6
  • 6. The survey data captures how both tech VCs and startup Founders feel about the COVID-19 pandemic, including: ● How VCs and Founders are grading the Federal Government's handling of the pandemic? ● How VCs and Founders really feel about remote work, once the quarantine is over? ● What tech startup valuations are looking like now, several months into the pandemic? ● Which tech markets are seeing significant revenue gains vs. revenue losses? ● How VCs really feel about funding companies that are fully remote, going forward? ● At what rate are VCs investing compared to pre-COVID-19? 5
  • 7. Key Findings 1. Startup Valuations Continue Dropping ○ 60% of VCs have seen valuations drop by 20-30% so far as a result of COVID-19. They predict additional decline in valuations over the next 12 months, adding up to an average predicted decrease of 40.1% in valuations. 2. VCs Find Remote Companies Less Attractive As Investments ○ Though 74% of Founders plan to move to majority or fully remote work, nearly 60% of VCs report that remote teams are less attractive as investments. 3. VC and Founder Predictions for Economic Recovery Are Getting Worse, Not Better ○ Founders remain much more optimistic than VCs about how long it will take for the economy to recover. Still, Founders and VCs alike have revised their predictions for the worse.
  • 8. Key Findings (cont’d) 4. Startups May Have A Competitive Advantage In Their Speed To Adapt To Changing Market Conditions. ● 40% of tech founders have reported no change to revenues; and 20% have reported an increase in revenues. 5. Startups Are Still Hiring (And Getting Talent For Less $$) ● 60% of Founders are still hiring (some slower than usual; some playing offense and hiring more aggressively). ● Of those companies hiring, 50% report lower salary requirements for new hires than before the pandemic. 6. 60% of Tech Startup Founders give the Federal Government’s handling of the COVID-19 pandemic a D or F failing grade.
  • 10. 8
  • 33. NFX is an early-stage venture firm based in San Francisco that is transforming how true innovators are funded. As founders ourselves, we built 10 network effect companies with more than $10 billion in exits across multiple industries and geographies. We believe that creating something of true significance starts with seeing what others do not. www.nfx.com @nfx