MG Siegler talks portfolio management and fundraising 6 months into the COVID-19 pandemic

This week, GV General Partner (and TechCrunch alum) MG Siegler joined us on Extra Crunch Live for a far-ranging chat about what it takes to foster a good relationship between investor and startup, how portfolio management and investing has changed as the COVID-19 crisis drags on, and what Siegler expects will and won’t stick around in terms of changes in behavior in investment and entrepreneurship once the pandemic passes.

We last caught up with Siegler on the heels of his investment in

Universe

, a mobile-focused, e-commerce business-building startup. The coronavirus pandemic was relatively new and no one was sure how long it would last or what measures to contain it would look like. Now, with a few months of experience under his belt, Siegler told me that things have relatively settled into a new normal from his perspective as an investor – sometimes for worse, sometimes for better, but mostly just resulting in differences that require adaptation.

This select transcript has been edited for length and clarity. Aside from section headers, all text below is taken from MG Siegler’s responses to my questions.

Business impacts of coping with the pandemic six months on

Justtalkingaboutthebusinesssideoftheequation,Idothinkthatthingshavesortofstabilizedin theday-to-dayworldhere. Forus,certainly,Ithinkit’sit’sjustasmuchofafactorthough,of justlearninghowtooperateinthisinthisweirdandsurrealenvironment,andknowinghowtodoremotemeetingsbetter. KnowinghowtohoponquickZoomcalls,Hangouts, andphonecalls,withportfoliocompanies,tohelpputoutfires, and doingallboardmeetingsremotely,andallthatsortofstuff.

That seemslikeit’sprettystraightforwardonpaper,butinday-to-dayoperations,thesearealldifferentlittlelearningthingsthatyouhavetodoandcomeacross.I dofeellikethingsareoperatinginaprettystreamlinedmanner, orasmuchastheycanbeatthispoint.But,youknow,there’salwaysgoingtobesomemorewildcards – like we’reaweekaway,today,fromfromtheUSelection.