As COVID-19 swept around the world, no sector lay unblemished, but possibly no market was more interrupted than transport. Airline companies slashed paths, public transit use plunged, ridership on Uber, Lyft and other ride-hailing platforms shared and dropped scooter business pulled items from city streets. Meanwhile, e-bike sales flowered and on-demand shipment, including

services utilizing self-governing robots, exploded. Transport companies have been forced to adjust– quickly– to this new truth. Uber, for instance, found itself in a position where it felt both best to lay off countless employees as it prepared to inject $170 million into micromobility startup Lime.

The upshot: Along with the pain, crises can also be a driver for development. TechCrunch talked to 7 venture capitalists about how COVID-19 affected their portfolio and investment method, and asked their advice for start-up creators in addition to where they think the next and overlooked hot opportunity will be:

Ernestine Fu, Alsop Louie Partners

How has COVID-19 affected your financial investment strategy?

Early-stage venture capital has to do with investing in the stable growth and capacity of a business with time. We remain in it for the long term, and the economy will eventually rebound. We’re maintaining dry powder for existing financial investments, however at the exact same time, I’m advised that a few of the very best venture-backed services were founded and moneyed during recessionary times (e.g. Google, Salesforce, Instagram). We’re keeping our eyes open for promising young startups too.

What is your suggestions to start-ups in your portfolio today?

COVID-19 is an existential event in all of our services and lives. Stay positive and be compassionate– protect your staff members and communicate often, maintain the financial health of your service and understand you require to adapt to the modification that will continue to take place.

Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.