In times of shocking disruption, some of the ground that's usually rock-solid can fall away. As the coronavirus pandemic erodes the economy, some of the wealthy individuals and institutions that provide the money for VCs to invest may be retreating from their commitments. Many funds have moved to what Tom Beaudoin, a partner in Goodwin’s Private Investment Funds practice, calls "just-in-time-funding." Read the article in Business Insider here.
In The Press May 12, 2020