Many startups in India are at the verge of shutdown. In an already strained startup ecosystem in India, the COVID-19 crisis comes as a staggering blow. The morale of founders is down so top VCs of India thought it is time to give some pep talks to the founders.
Sequoia India tweeted yesterday, “We’re in uncharted waters & founders are faced with their toughest decisions yet. Some of us in the VC ecosystem have put tog learnings from our best founders. While in no way exhaustive, we hope it serves as a good starting pt for founders in a tough time.”
We're in uncharted waters & founders are faced with their toughest decisions yet. Some of us in the VC ecosystem have put tog learnings from our best founders. While in no way exhaustive, we hope it serves as a good starting pt for founders in a tough timehttps://t.co/BOK0oXB9Pq
— Peak XV Partners (@peakxvpartners) March 31, 2020
In the same tweet, Sequoia also shared a link that contains learning from VCs. The notion reads, Best Practices for founders in the wake of COVID-19.
The document started with:
“Dear All,
We are in the midst of an unprecedented global health crisis that will have a deep impact on every facet of India’s society and economy. As we weather through this incredibly tough time, we as investors are trying to do what we can in our capacity to help steer our founders through these uncharted waters…”
In the document, there are learnings for founders on scenario planning, fundraising, business continuity plan, communication with external stakeholders, health and sanitization, company restructuring, strategic relations and mergers and acquisitions, work-from-home ethics and much more.
Accel, Bessemer Venture Partners, Chiratae Ventures, Kalaari Capital, Lightspeed, Matrix Partners India, Nexus Venture Partners, Omidyar Network India, SAIF Partners, Sequoia Capital India shared their learning in the document.
You can read the full document here:
https://www.notion.so/Best-Practices-for-Founders-in-the-wake-of-COVID-19
