By Ravi Mohan and Jason Pressman
The past month has been amongst the most tumultuous and uncertain in recent times. And the next several months look as if they will bring more of the same.
Shasta feels our top priority should be the health and wellbeing of people. We and our portfolio companies have moved to remote work and focusing on the needs of our employees. But we also know that serving customers and managing your business are critical during this crisis.
We at Shasta wanted to get the word out broadly that we are here to help. We pride ourselves in forming unwavering partnerships with our portfolio companies. You can count on us.
We also want to share some thoughts and lessons from the difficult times of ‘01 and ‘08 in a virtual town hall session featuring some of our most experienced partners and entrepreneurs. The session entitled - “Managing Your Startup in Uncertain Times” will be held on April 2 at 10am Pacific.
Click here to register for this session.
We’ve been burning up the phone lines and video conferencing sessions for the past few weeks and will continue to be available at any time of day or night. We do not have any grand proclamation, silver bullet or off-the-shelf advice. Each of our companies is different, each market is different and each team is different. Our responses and go-forward strategies will be, too, varying according to your company’s unique challenges. We are here to work with you.
We also want to recognize the incredible work of our entrepreneurs during this crisis. Many of our portfolio companies are providing key services to help fight the Coronavirus pandemic.
- Doctor on Demand is scaling its platform in the face of unprecedented demand for virtual healthcare. By treating people at home who do not need emergency care, we can ensure that there are enough hospital and emergency room doctors to care for the sickest people in our communities and also reduce the spread of germs.
- Nextdoor is helping neighbors day to day with many programs including verified news, connections to the local authorities and programs to help have healthy neighbors do pick up and delivery for folks who are particularly vulnerable.
- Banyan is offering free usage of its Zero Trust Remote Access Platform to help secure remote work.
- Valimail is preventing phishing attacks from criminals exploiting COVID19 anxiety.
- Darwin.ai has open-sourced a convolutional neural network for COVID19 detection via radiology.
Put simply, we’re blown away by the resourceful quick-thinking entrepreneurialism of our founders and we’re optimistic that they can continue providing greater service to people and businesses affected by our global health crisis.
Uncertain times bring both threat and opportunity. Let us not be blind to that opportunity. Some of the greatest companies in tech history were founded in uncertain times. The technology that is available today will almost certainly play a major role in creating a prosperous post-outbreak world. In fact, we just recently closed two new investments and we’re still actively looking for new ones.