There is a crowdsourced list of European VCs floating around the web in which 99% of funds claim to be “open for business”. To all founders reading this resource I’d like to recommend they take these as statements of intent at best and false advertising at worst. The reality is that COVID-19 fundamentally changes the way VCs have done business for the last decade. Venture will not go back to “normal” within the next year and founders need to understand this to plan their fundraising accordingly.
