In this episode I discuss a paper published in Research Policy on how VC firms react in a crisis. I also tie this discussion into how you should always consider what value-add is present when you are receiving capital. Conti, A., Dass, N., Di Lorenzo, F., & Graham, S. J. (2019). Venture capital investment strategies under financing constraints: Evidence from the 2008 financial crisis. Research Policy, 48(3), 799-812.