Document Analysis NLP IA
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Summary (IA Generated)
Welcome back to the second half of our two-part Boston investor survey.
Recovery is going to be slow, but most importantly, the comeback is not going to look like one, sole aha moment for any startup or entrepreneur.
After poring through dozens of responses, we distilled that Boston-focused VCs think that recovery will favor Boston-area companies to some degree, as the areas they are working on, or the problems that they are working to solve, will still matter after COVID-19.
On the slowness of recovery, NextView’s Rob Go provided TechCrunch with the most vivid prognostication, saying that “while it’s difficult to predict” when the post-COVID recovery will begin, he anticipates “a swoosh-shaped recovery is more likely” than anything V-shaped.
“The recovery is likely to be painfully slow,” the VC added.
It’s perhaps unsurprising then that green shoots and fruitful deals are thinner on the ground in Boston today than its startup community probably would have hoped.
On the question of green shoots, Seseri said that her firm has “been surprised by the number of companies that are leveraging AI to drive automation, cost savings, optimization and higher performance.
It’s hard to find recovery there, for obvious reasons.
The Victress Capital team put the dynamic well: “We’ve also been encouraged by the increased pace in innovation that we’ve seen across sectors where innovation has been slow in the past.
From edtech to telehealth to food and beverage and more, we are seeing nimble entrepreneurs pivot or change their businesses to respond to the needs of today.
The future, largely according to Boston-focused VCs, is startups that are important after the world opens again and focus on the next generation of businesses.
When do you expect a startup recovery to begin?.
We have been thinking in terms of (1) lockdown opening up (summer 2020); (2) period of remaining social distancing behavior, likely with intermittent periods of lockdowns (into spring 2021); and (3) new normal (spring/summer 2021).
For startups, we remain believers that great companies with great leadership can not only survive but find ways to thrive in this new environment.
Are you seeing green shoots regarding revenue growth, retention or other momentum that you didn’t expect a few weeks ago? .
Tell us about the most interesting, Boston-based company you’ve invested in recently.