Breega and Connect Ventures, two founder-friendly VCs specialised in funding early-stage tech startups, have joined forces with 28 other UK-based VCs to provide free and confidential advice to startups looking for help on coping with challenges arising from the Covid-19 crisis.
Based on the model set up by Breega’s Paris office at the beginning of last month, the “VC HOURS” scheme consists of one-to-one consultations that can be booked quickly and easily online. The consultations, which can take place either via video or over the phone, are open to any startup founder wishing to discuss their business challenges with a VC.
The move comes at a time where entrepreneurs and business may require additional guidance on how to navigate aspects of their business and determine a strategic roadmap for the remainder of 2020.
VC Hours advisors will be able to offer founders advice on adapting their business models, raising and pitching during the crisis, controlling cash flow and HR issues. In the spirit of transparency and to ensure free and open discussion, all information exchanged during the sessions will remain strictly confidential.
Ben Marrel, Founding Partner, Breega said, “In these difficult times, it is vital, more now than ever, that the different actors of our ecosystem come together to support each other, so as to limit, as much as possible, the devastating impact of the economic crisis. Startups are fragile because they’re young and yet they’re also indispensable as they are the ones shaping our future world and economy.”
Rory Stirling, Partner, Connect Ventures added, “This is no doubt a lonely and difficult time for many startup founders. Whilst some founders have been able to turn to their existing investors for support, those that are yet to raise, find themselves with few places to turn for advice. That is one of the reasons we chose to get behind this initiative and our objective is to ensure that all the startups that need help during the Covid-19 crisis can find it.
Enterpreneurs can book in appointments with VCs here. The UK VC advisors are: AlbionVC, Ananda Impact Ventures, Anthemis, Augmentum, BrightEye, Breega, C4 Ventures, Connect Ventures, DN capital, Draper Esprit, Eka, Episode 1, Felix, Gauss Ventures, 24Haymarket, KEEN Venture Partners, Kindred, Local Globe, MMC, Nauta, Notion, Omers, Outrun, Piton Capital, PROfounders, Samaipata, SOSV, SpeedInvest, Sweet Capital and 7percent Ventures.