The COVID-19 pandemic has led to hundreds of thousands of deaths, mass unemployment, and economic downturns across the globe. As the venture capital industry deals with the professional and financial fallout from the pandemic, more and better governance will be critical. VCs will need to focus on the survival of the fittest of their portfolio companies, increase rigor around diligence and post-investment execution, manage remote teams and maintain a healthy culture, and consider emergency and long-term succession plans. Portfolio companies and their boards will need to navigate declining funding dollars and valuations, liquidity challenges, the complexities associated with a remote workforce, issues around workplace safety, continuity planning, and the many obstacles surrounding reopening.
This 2020 special online edition of the Stanford-NVCA Venture Capital Symposium will explore some of the most significant governance challenges facing the VC industry during the pandemic and resulting economic crisis, and will offer tools and best practices to help investors, founders and venture-backed company directors successfully navigate these challenges to ensure the long-term health and survival of their firms and portfolio companies and the well-being of their employees and constituents.