At the very onset of the pandemic, one Silicon Valley VC firm began triaging its startups. Here's how Bullpen Capital decided which companies to help and which were beyond saving.
Duncan Davidson and his colleagues at Bullpen Capital recognized early on that the coronavirus outbreak could cause major business disruptions for their venture firm's startups.
The VC firm tried to figure out which companies would be OK, which were going to need help, and which of those were worth saving.
More than 30 of Bullpen's portfolio companies ended up applying.
Venture firms typically set aside a large portion of money in their funds for follow-on investments in their portfolio companies.
Bullpen wanted to make sure companies thought long and hard about whether to apply for the funds, Davidson said.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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