INSIGHTS #49 — The state of the VC ecosystem amidst COVID-19 crisis: Prashanth P & Subrata Mitra
On the ground view of the state of the VC ecosystem in India amidst the COVID situation and what to expect for the road ahead.
Podcast Summary
In this episode, we hear from Subrata Mitra and Prashanth Prakash, founding partners of Accel who were entrepreneurs before and have seen other downturns in the past, on their take on the COVID situation and how it impacts the VC ecosystem
Subrata and Prashanth share an on the ground view of the state of the VC ecosystem in India amidst the COVID situation and what to expect for the road ahead. They share advice for founders as they plan for the tough times ahead, along with learnings and observations from previous economic downturns, including some of the positive outcomes.
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The podcast clears the air around what founders can expect the fundraising situation to look like in the next near future.
To learn more about what you can do as a founder to steer your business to survival through these challenging times, tune in to the latest episode of the Insights Podcast by Accel
Notes:
01:27 — Comparing COVID-19 times with dot-com bubble burst and 2008 recession
06:23 — Efforts going on in the startup- VC ecosystem around helping fight COVID
09:50 — Current state of Indian VC ecosystem amidst COVID
13:00 — Assessing risk at a portfolio level
16:08 — Actionable advice to startup founders
20:20 — Planning for cash runway- time frame and approach
21:55 — Advice for founders looking to startup or in pre-PMF stage
24:30 — Fast forward: view of 24 months ahead
28:43 — Reinventing yourself in crisis times (link to the story of BookMyShow)
30:25 — Fundamental transformation of some sectors
31:13 — Dealing with anxiety
33:25 — Rapid Fire Round
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