I was at a startup event last month which included a panel session involving a number of Australia’s leading Venture Capital firms. The room featured a range of startups and scale-ups who were keen for insights on how they could attract VC interest. Instead through a mix of a platform that allowed for anonymous questions and upvotes from the crowd, the session turned into a pile-on with the VCs at the bottom. Questions such as “Why don’t you fund women founders” and “How can we trust VCs?” showed the room felt the VC community was at least partly to blame for the difficulty startups are having raising at the moment.
There are plenty of stats out there from Cut Through Ventures and others that shows how startup investment has dropped off dramatically in the last 12-18 months.
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