While just about everything was unpredictable in the year 2020, venture capital trends looked extra surprising.
While the first half seemed like a wash, Philly startups ended up raising an impressive amount of capital in late 2020. Companies raised something like $1.8 billion across more than 200 deals by the year’s end, recording the region’s second-highest annual deal value and third-highest deal count to that date, despite the pandemic’s economic impact.
But it makes sense that when a global crisis strikes, VC and startups take a shock to the system. In those situations, companies either sink or swim, we heard at Philadelphia Alliance for Capital and Technology’s (PACT) 2022 Capital Conference last week. During a panel, investors and the founders of companies in their portfolio talked about how they made decisions in those early, pivotal moments of the global crisis.
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