213. Crisis Coverage w/ Semil Shah - VC Fund Management in a Pandemic World

Semil Shah of Haystack joins Nick on a special Crisis Coverage installment to discuss VC Fund Management in a Pandemic World. In this episode, we cover: Last time we had you on was Nov. 2017... quick update on you and Haystack since then? LP interaction - are capital call defaults a serious issue to consider in this environment? How do you think investment dollar volume adjusts in 2020 vs. '19? I know you've had a lot of calls w/ friends and mentors lately... what are you hearing from the veteran investors right now? What feedback or insights have surprised you? What actions have you taken since the crisis hit to adjust your own strategy? How do you see the value of face-to-face interaction playing out in the VC-Founder interaction during pitches moving forward? How are you prioritizing reserves when triaging? In the case of a fund running low on dry powder right now, what are your thoughts on reopening a fund? In what cases should an early stage company change their business model to address the changing environment? What are your thoughts on GTM, or changes in GTM, in this environment? I saw that you guys are Crowdsourcing a list of startups who have changed their business model to help fight covid-19.  What have been the most interesting so far? Over/under on duration? To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information.