Startups

European VC’s Go Back To Basics To Show Founders It’s (Almost) Business As Usual – Forbes


An open source Google spreadsheet has been launched to reassure start-up founders that investment remains active throughout this period of uncertainty caused by the coronavirus pandemic, and the threat of recession.

Created by serial-entrepreneur Philip Wilkinson, this new list addresses a lot of the “rumors” and concerns from founders and investors in Europe’s tech ecosystem. Wilkinson is best-known for founding Shopgenie, which became Kelkoo and was sold to Yahoo in 2004.

At time of writing, 200 VC funds and Angel investors have contributed to the list, being transparent about their deal flow and how active they’ll be during the crisis.

Big name corporate investors like Samsung and Orange Ventures have joined the list, making clear their ability to invest and their willingness to continue hearing from founders.

Why?

Typically a shop being open is very much not a story. But these are strange days, and pandemic anxiety is most likely to affect those at the earliest stage of their journey.

Wilkinson tells Forbes that he created the document to address the number of entrepreneurs “reaching out and asking–’what does this mean for me trying to get money for my business?’” He adds that this is what happened at the end of the first dot.com boom and recession triggered by the 2008 financial crisis.

How?

At first, Wilkinson worked with the team at kanso.io to add the names and information manually before setting up a form and urging those in his community to “get in and share it.” 

He tells Forbes, “founders are quite scared now and apprehensive”, his job remains to keep the community in the know and the flow of funding headed towards the brightest founders and the best ideas in Europe.

The list publicly available to all here.





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