Doing deals through Zoom? These investors have some tips
The new coronavirus is already spreading through public contacts in the Bay area; an employee of the South Park Cafe, a popular hub for techies and venture capitalists run by the brex credit card startup, gave a positive result this week. This location is a few hundred feet from a number of major venture capital firms, including Kleiner Perkins.
But for many remotely friendly venture capitalists, making deals remotely is business as usual. We met with several investors to find out how they do virtual deal making for them, including its impact on their deal flow and portfolio diversity.
W Fund founding partner Kate Brodock warned investors not to ” devalue this process.”
“Live is always perfect, but video still allows you to get a close-to-full sense of the person in front of you-everything from facial expressions and body language to how they organize their table,”Brodock said. “Creating meaningful and informative links using video is quite possible.”
Turner Novak, General partner of Gelt VC, chose a remote investment strategy from the very first day. He invests from Ann arbor, Mick.