Published On: Wed, Apr 8th, 2020

GV’s M.G. Siegler on portfolio management, predicament fundraising and his latest investment

The coronavirus pandemic has pushed entrepreneurs and investors into opposite territory.

Google’s GV only led a $10 million investment in Universe, a low-friction website builder that’s venturing into a universe of commerce.

Mobile website builder Universe raises $10M from GV as it ventures into commerce

The investment was in a works before COVID-19 strike America in force, though things were finalized for a Brooklyn startup in late March. we chatted with M.G. Siegler, a ubiquitous partner during GV (and former TechCrunch writer) who led a deal, about how a predicament was inspiring his investment work and how he was balancing portfolio work with sourcing new deals.

This talk has edited for length and clarity.

TechCrunch: This understanding sounds like it was in a works before pestilence concerns unequivocally strike America, though when we saw this conditions arise, did it change your meditative about this understanding during all?

M.G. Siegler: The existence is we’re still going to be stability to demeanour for engaging opportunities to deposit in. History has shown that even during good financial turmoil, many companies are still being built, nonetheless it’s positively not easy for anyone, given that we’re all stranded inside and perplexing to make things work. we consider Universe is in an engaging spot; they have a apparatus that can potentially assistance some of these struggling businesses pierce online quicker and emanate commerce opportunities that they unequivocally need to consider about given a stream realities.

So there’s no suspicion that we shouldn’t do something only since of a stream macro sourroundings if we’re unequivocally ardent about it to start with. Obviously, there’s varying degrees of that for opposite sectors, though we do consider that Universe had been in a good position before this situation, and it seems like they have opposite opportunities now.

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