Dovi Frances
Group 11
Published in
1 min readMar 10, 2020

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Venture Capitalists — Do your frigging job - Double Down.

Venture Capitalists, Tech Investors —

Where has your 5–10 year time horizon gone?:)

A crisis hit and everyone’s psychology has changed all of the sudden?

From raging bulls to scared cubs (not even bears) all of the sudden?

Stop with all the stark warnings and please stop posting and sharing Sequoia Capital’s Doom and Gloom views.

(Oh and thanks Sequoia for this wonderful missive — There’s a virus out there that will impact fundraising. No sxxxt).

Instead let’s mind our responsibilities and do our friggin job:

What are YOUR views and what are your actions? How are YOU helping?

Our job as investors is not just to make a passive profit. Our job is to help our companies.

So don’t just talk with them about their contingency plans and how to ride this crisis with 12–18 months liquidity.

(It is important sure but everyone else on their board is also doing it aren’t they?)

Double down.

Double down on your good founders,

Double down on making investors and client introductions,

Double down on investing more when needed,

Double down in helping them think about marketing messages,

Double down on meeting key employees in your portfolio companies, share your goals and encourage them as well.

This crisis is a blip on the radar. Nothing will stop the evolution of mankind and man-machine symbiosis. The industrial revolution lasted almost 100 years — why would the AgTech, FinTech, CyberTech revolution be any different.

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Dovi Frances
Group 11

Dovi Frances is a financial services entrepreneur and founding partner of Group 11, a venture capital firm based in Los Angeles, California.