When a “black swan” event like the Covid-19 pandemic hits, founders of start-ups often take one of two approaches. Some adopt a wait-and-see attitude, hoping things will pass. Others jump into action and start putting contingency plans in place.
It is the latter group of “quick reacting” founders that Jenny Lee, a Singapore-based managing partner of GGV Capital says emerges as a key differentiator in such a crisis. The global VC firm manages $9.2 billion with investments in the US, Canada, China, India, Southeast Asia, Latin America and Israel.
When the first Covid-19 cases emerged in China, GGV put a strategy in place for its portfolio...
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