Fear of coronavirus has split opinion among big VC firms over whether they should keep traveling to Asia
"However, the dynamics of staying home and working from home, plus the low supplies in physical stores in Asia, mean online sales are booming," Maar added.
"The trouble is that travel is a huge part of the job for VCs like us," said London-based managing partner Harry Briggs. "So while we can use Zoom a little more, frankly it wouldn't be sustainable to cease travel completely for long. "While a virus of this sort will disrupt business a little, and we are seeing the impact on global stock markets, it cannot stop the huge opportunity and transition that we see now in south-east Asia," said cofounder Amit Anand.
He continued: "Like most people in the start-up ecosystem, we take a data driven approach to things and will be monitoring infection rates to see if we need to make any changes to how we operate."
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