The economic downturn and turmoil in the banking sector following the collapse of Silicon Valley Bank have caused venture capital investors to pull back on investing. But not all corporate VCs say it is a good time to cease support of startups.
Reese Schroeder, an investor with Allstate Strategic Ventures, explained on the sidelines of the GCVI Summit in Monterey, California, in March, why it is a mistake to stop investing in a downturn.
Allstate Strategic Ventures was founded in 2015 as the venture capital arm of Allstate Insurance Company, the US-based property and casualty insurer. One of its most recent investments was taking part in the $15m series A funding round of Moderne, a startup specialising in continuous software modernisation, in February.
