The global pandemic caused by COVID-19 has thrown economies and entire financial systems into disarray. Q1 2020 gross domestic product (GDP) data for the US and Europe released at the end of April confirmed the hard truth none of us want to admit: a global recession, and maybe even a global depression, is now upon us. As we look toward the new normal, we are reminded by history that deals struck in times of crises bring historically outsized returns. These lessons of history should inspire optimism, positivity and creativity for venture capital firms and entrepreneurs as we chart a path to recovery.
