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by a searcher
6yrs ago
from University of Toronto
in Toronto, ON, Canada
Right now, a lot of search funders/PE groups are focused on supporting their portfolio companies, and managing existing deals in pipeline rather than funding new searches. It may take months for things to get back to normal.
reply
by a searcher
6yrs ago
from Cornell University
in Vancouver, BC, Canada
In the short term, there will be some pain given the high level of uncertainty. to ^redacted's point, current SF investors will spend majority of their time working with their current portfolio companies and will not have excess capacity to fund new deals. However, with the QE machine restarting across the globe, I don't think funding will become an issue once the dust settles. My take is to use the downtime for industry analysis and look at brokered deals as a way to ramp up industry knowledge. There is no point searching if meetings cannot take place and people worry about the health of their family, employees, and many other affected by COVID-19.
This outbreak will change the way we live, work, and interact, so that means business models need to adapt to new best practices. There will be opportunities for searchers. To everyone searching right now, hang in there!