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Reflections While #StayingHome: Great VC Stories Have Been Born Out Of Chaos

Source: Entrepreneur.com
Below is Founding Partner Suneel Gokhale’s account. 

The rapid spread of COVID-19 and the resulting market crash has investors and startups within the technology ecosystem fearing the worst. Founders are extremely worried about raising capital and cash flow, and investors globally have already started to pull back on deals just months removed from a venture capital market flush with cash and large financing rounds.

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Reflections While #StayingHome: The MENA’s Response To The COVID-19 Pandemic Has Measured Up

Source: Entrepreneur.com
Below is our KSA partner Maan Eshgi’s account. 

People are calling the COVID-19 pandemic a “triple black swan” event for MENA: public health crisis, economic downturn, and depressed oil price environment. It reinforces the extent to which MENA’s fate is linked with the rest of the world. I share the anxiety of others right now, but for me, it has been a proud moment to see the firm measures undertaken by regional governments to ensure the safety of their citizens and residents.

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Reflections While #StayingHome: Evaluating The COVID-19 Pandemic’s Impact On An Asset Class

Source: Entrepreneur.com
Below is Founding Partner Sonia Gokhale’s account. 

These are the scariest times I have lived through in my entire life. The COVID-19 pandemic is a worldwide humanitarian crisis, and we are encouraging founders to think first about their teams, families, and loved ones. In terms of macro, non-financial events having this type of widespread impact on the economy and broader life, I must admit we were not “prepared” for this. I didn’t think I’d be working from home for the foreseeable future, or trying to figure out if I am six feet away from a person as I walk by them.

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BIAC, VentureSouq to launch startup funding initiative in Saudi Arabia

Source: ZAWYA
The Business Incubators and Accelerators Company (BIAC), a subsidiary of Saudi Technology Development and Investment Company (TAQNIA), wholly-owned by the Public Investment Fund (PIF), has joined forces with VentureSouq (VSQ), a pan-regional investment platform, to launch a new investment services vertical within BIAC that is designed to bridge the funding gaps of promising startups in Saudi Arabia

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