Startups Face a ‘Fundamental Reset,’ Says VC

Ann Miura-Ko is no stranger to investing during a crisis. She got her start in venture capital as an analyst on September 10, 2001. She co-founded her seed-stage fund, Floodgate, in 2008 just as Bear Stearns was collapsing. 

The current shock set off by the global coronavirus pandemic seems worse. “This is actually a fundamental reset. It’s not just an economic event. It’s not just a healthcare crisis. It’s a pervasive, system-changing, life-altering series of events,” said Miura-Ko in a phone interview from her home in Palo Alto, California, last week.