Why VCs say theyre open for business, even if theyre pausing new deals

This week Alexia Bonatsos of Dream Machine and Niko Bonatsos of General Catalyst swung by Extra Crunch Live to discuss where they are investing today and what the future might look like.
As expected, these seed and early-stage venture capitalists had a lot to say about their current investing cadence and what interests them in the world of edtech, Clubhouse and more. A big thanks to everyone who came out and submitted some great questions.
Going back through the chat today, a few sections jumped out. For this recap, Ive gathered answers from the transcript regarding todays fundraising climate, the future of AI and the possible impact of the downturn on VC-backed founder diversity.
And for everyone who couldnt join us live, Ive included the full video replay below. (You can get access here, if you need it.)
Todays fundraising climate
Its kind of a Rashomon;depending on whose perspective youre gettingthe story, is just completely different.
Lets see, are [VCs] being as active as they were in 2018? Im gonna say no.I mean, look at your data, your data says no. But does that mean people [have] shut down the shop and are all in Montana? Also no, right?
We know that these kinds of crisistunities and Im not diminishing the crisis at all, it is very sad and very scary, and its something that Im very privileged to be able to be experiencing from inside my apartment and not from outside within an emergency room or a food bank or any other place that its actually at the front lines, right?
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