Nnamdi Okike, Founder & Managing Partner, 645 Ventures
1. Deals today can be more efficiently identified outside of the traditional technology hubs. In part because software companies today require less upfront capital, but also because and the technical talent needed to scale them is more distributed than ever before.
2. Founders should recognize whether their company (and category) are advantaged, disadvantaged or neutral as a result of covid.
3. Going forward teams will focus on the same unit economics, but put more emphasis on raising and maintaining sufficient cash runway to ensure they can achieve milestones before returning to the markets for fresh capital.