214. Crisis Coverage w/ Somesh Dash - Late Stage Impacts & Prioritizing Mental Health

Somesh Dash of IVP joins Nick on a special Crisis Coverage installment to discuss Late Stage Impacts and Prioritizing Mental Health. In this episode, we cover: Quick background and what led you to venture/IVP? Overview of the firm and your focus? Covid impact on later stages The 2008 crisis... '08 was still strong for C round funding, steep dropoff in 2009, stayed pretty low in 2010, returning to fairly strong levels in 2011... thoughts on timing, severity and duration of impact on later stage funding? Directional impact on average valuations at late stage? Thoughts on exits? What do you think happens in the secondary market? What do you think happens with the well-funded, late stage companies in markets that are highly dependent on social interaction, mobility, travel, etc.? Reasonable to complete deep diligence in a completely remote environment?! You've been w/ IVP since '05... best recollections of changes in strategy made at IVP in '08/'09? Suggestions on how early-stage VCs should adapt the playbook? Best moves startups made to survive and/or thrive at that time? Biggest mistakes you've seen CEOs make? Investment in Lyra's Series C.... Mental health now more than ever... expectations for industry amidst WFH/social distancing? Tips for delivering hard news? -- furloughs, layoffs.. especially remotely Suggestions for leaders to help their people through this? How to keep team morale high? How are you adapting communication or work habits at IVP to better keep engagement of your people, your portcos and your LPs? 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.