Back to growth mode?
When the pandemic first hit in March, many startups and VCs were ready for “The End.” However, over the last five months, not only have companies like Apple hit new highs, startups like Brex and Airbnb are seeing more spend and more bookings than last year.
In this NY Times article from last week, one investor described the resurgence in startup activity as:
“People made enough bread and grew enough gardens and decided to start working on a start-up"
Anecdotally, we’ve been really busy with new investments at Madrona, but there does seem to be a slowdown at the earliest stages for seed/pre-seed rounds. Hopefully, we see that pick up later this year as well.