Lessons that VCs learned in 2001 and 2008 downturns shared
“Barely three months into this year, the current venture market already feels much different than that of 2021,” Chris Metinko writes in this recent Crunchbase News article. “While last year saw sky-high valuations and VC (venture capital) dollars flood the market at a never-before rate—this year has been full of news about valuation cuts, a slowdown in funding, and a general malaise in the private market that was brought about by a shaky public market, exploding inflation, geopolitical tensions and a continuing pandemic.”
Metinko talks with VCs who remember the last substantive market upheaval in 2008 during the global financial crisis and the dot-com bust seven years earlier. Those individuals share their thoughts about lessons they learned during those downturns.
