‘You Haven’t Seen The Pain’ Yet | Marlon Nichols in Protocol
‘You haven’t seen the pain’
Sure, startup CEOs are facing the new reality. But many are still struggling to comprehend the gravity of the current situation, says MaC Venture Capital partner Marlon Nichols.
- “It feels like retreat to a lot of Type A personalities,” Nichols told me. “It’s hard for them to be like, it’s the right thing to do vs. I feel like a failure.”
- There’s a spectrum of companies, from those seeing surging demand and opportunity to companies that didn’t have enough cash and are now struggling to raise. And then there’s the bucket of startups that were doing OK but then saw their revenues fall to zero.
- “The biggest thing for me is just CEOs getting their heads wrapped around the reality of where they sit during this time.”
But the real pain hasn’t even started, warns Upfront Ventures’ Mark Suster. There are a lot of funding rounds now and a lot of companies laying off employees, but those are only the companies either in true crisis or really opportunistic positions, he says.
- “You haven’t seen the pain,” he told me. “The real pain is Q1 of next year.”
- That’s when many startups will find their runway comes to an end. So many companies have a runway of six to 18 months of cash, Suster says. Those CEOs may feel OK during this moment of crisis, but eventually they will have to raise again.
- Startups need to have a plan for if, and when, demand weakens: Suster thinks a lot of enterprise contracts may not be renewed by the end of the year, for example. What will that do to a startup’s ability to raise money?
“Come Q1, a bunch of companies won’t have been able to raise money — not all, but a bunch,” said Suster. “And you’re going to see a lot more bankruptcies.”
More News
Marlon Coverage
Population Health Partners With Ready Responders
Read More >>
TEDMonterey | A Close-To-Home Solution For Accessible Childcare
Read More >>
Youth-Focused Digital Platform FaZe Clan Inks $1 Billion SPAC Deal to Go Public
Read More >>
Black Entrepreneur Daricus Releford’s Fintech Startup StoreCash Is Taking the Teen and Young Adult Banking Industry by Storm
Read More >>
Alternative financing startup Pipe snaps up Stripe and HubSpot execs, expands to UK
Read More >>
Seventh Ave: Home Of Black Voices
Read More >>
Rares, the platform democratizing investments
Read More >>
Gerome Sapp’s Sneaker Investment App Rares Secures $4M In Seed Funding Round
Read More >>
Michael B. Jordan, Serena Ventures, MaC Venture Capital Partner To Give HBCU-Bred Founders A Chance To Win $1M
Read More >>
Nine Caribbean Americans Making Their Mark On The Global Tech Space
Read More >>
Black Entrepreneur Daricus Releford’s Fintech Startup StoreCash Is Taking the Teen and Young Adult Banking Industry by Storm
Read More >>
Innovators List 2021: 15 Hollywood Disrupters, From Netflix’s Scott Stuber to Chloé Zhao
Read More >>
Behind Her Empire: How Yumi CEO Angela Sutherland Overcame Self Doubt
Read More >>
Nike Air Yeezy Prototype Buyer Rares Secures $4 Million in Funding
Read More >>
Sneaker Investment App Rares CEO on $4M Fundraise, Growing the Platform
Read More >>
Retail trading meets fantasy sports with Predictionstrike
Read More >>
9 (More) Caribbean Diaspora Members Making Their Mark In Global Tech
Read More >>
Alternative financing startup Pipe snaps up Stripe and HubSpot execs, expands to UK
Read More >>
Mayor de Blasio Launches $37 Million Violence Intervention Employment Program
Read More >>
To commercialize, voice tech must first solve its ‘cocktail party problem’
Read More >>
PredictionStrike Raises $1.7 Million In Capital And Launches New Mobile App
Read More >>Athlete-Turned-Techpreneur Gerome Sapp’s $1.8M Yeezy Prototype Sneaker Purchase Is Giving Back To The Culture
Read More >>
Gerome Sapp Is Using His Status as a Former NFL Player to Invest in Sneakers
Read More >>
Fractional Ownership: From Sneakers to Jets
Read More >>
Are Sneakers the Next Asset Class Investment? Rares CEO Says Yes!
Read More >>
BK Climate Tech Startup One of 15 Awarded a Spot in Nationwide Apple Accelerator
Read More >>
The Top 25 Women Leaders in Financial Technology of 2021
Read More >>
McDonald’s links with esports giant FaZe Clan to spotlight diversity in gaming
Read More >>
State of New Mexico expands child care assistance with new program
Read More >>
Low-waste economy hits its groove
Read More >>
FinTech Female Fridays: Meet VP, Marketing & Communications, Yasmin Moaven
Read More >>
Your TikTok Stream May Soon See AI-Supported Product Placement
Read More >>
ED-Tech Firm Encantos Aims To Improve Remote Learning
Read More >>
Ryff raises $11.7M for its real-time brand integration
Read More >>
Canadian Conversational AI Design Tool Voiceflow Raises $20 Million In Series A
Read More >>
There are many misconceptions about Africa; Platform Capital’s Africa Walk is changing that
Read More >>
The Greatest Esports Teams in Terms of Value
Read More >>
Visiting US investors explore business opportunities in Nigeria
Read More >>
Facebook, Ajua sign agreement to empower African SMEs
Read More >>
Investors don’t expect the US startup funding market to slow down
Read More >>
Startups and newcomers disrupting primary care
Read More >>
Funding To Black Startup Founders Quadrupled In Past Year, But Remains Elusive
Read More >>
VNSNY CHOICE And Arine Address Member Health Needs With Technology-Enabled Comprehensive Approach During COVID-19 Pandemic
Read More >>
Arine partners with the California Right Meds Collaborative, a pharmacist-provider program of the USC School of Pharmacy
Read More >>
Social Impact a Focus of the 2021 Microsoft Partner of the Year Awards
Read More >>
This photo-sharing app may be an Instagram killer
Read More >>
Early learning hub created with foundation’s $100K grant to help providers share services
Read More >>
The British CEO of Pipe, a startup that’s reached a $2 billion valuation in less than a year, says he’s locked out of the US because of a crisis-level backlog in immigration processing
Read More >>
OTT Ad Tech’s Biggest Challenges (and a Few Solutions)
Read More >>
Something Ventured Part 2: It’s ‘Up And To The Right’ For Sote Founders And Their African Logistics Platform
Read More >>
STATE OF BLACK ENTRPRENEURSHIP AND FUNDRAISING 2021
Read More >>
How One Company Combats Predatory Loans And The Never Ending Cycle Of Debt For Black Women
Read More >>
Black-Owned Media Collective Launches to Help Brands Meet New Ad Commitments
Read More >>
Firefly Supercharges Out-of-Home Advertising Network Through Acquisition of Curb Taxi Media
Read More >>
Revolutionizing Maternal and Child Healthcare with Melissa Hanna
Read More >>
18 investors and VC firms funding innovative startups in the creator economy and influencer industry
Read More >>
$JOBS No Experience Necessary: New Koch Collaboration with Catalyte Removes Barriers to Transformative Careers
Read More >>
Encantos Appoints Anna María Chávez as Chief Impact Officer
Read More >>
FOOD & WINE Names the 25 People, Products, and Movements Transforming the Way We Eat and Drink
Read More >>
Sneak pic: A close-up of new ‘anti-selfie’ Poparazzi app and the future of digital photo-sharing
Read More >>
WATCH: Harlem Capital Juneteenth Event
Read More >>
How The Vision Of This Female Founder Has Created Unrivaled Access For Black Voices In Media
Read More >>
Podcast: Marlon Nichols — MaC Ventures
Read More >>
VCs boost investment in Black- and Latinx-owned fintechs
Read More >>
Business leaders can fuel the next generation of Black innovators and entrepreneurs. Here’s what it will take
Read More >>
Yobe uses AI and microphones to isolate voices in a crowd
Read More >>
Accelerating innovation: transforming voice-based products for the future
Read More >>
Startup Shorts – Yobe is Tracking the DNA of Sound with MATLAB
Read More >>
Encantos’ Learning App Will Be Powered by a Network of Creative Educator-Authors
Read More >>
Black, Latinx and female entrepreneurs are still ignored by most venture capitalists
Read More >>
The funding gap for Black founders of social apps
Read More >>
BLCK VC: Board Service on Venture-Backed Companies
Read More >>
How majority Black VC firm MaC Venture Capital raised a $110 million fund: A founding managing partner outlines the firm’s journey
Read More >>
Four strategies for getting attention from investors
Read More >>
Closing on $110M, MaC VC is changing the face of venture capital
Read More >>
MaC Venture Capital Closes $110M Fund Aimed at Diverse Founders
Read More >>
MaC Venture Capital’s founders on their $110 million inaugural fund
Read More >>
MaC Venture Capital Raises Inaugural $110 Million Seed Fund
Read More >>MaC Venture Capital Raises Its First Fund Of $110M To Invest In Seed-Stage Companies
Read More >>MaC Venture Capital Raises a $110M Inaugural Fund to Invest in Visionary Tech Leaders Building the Future
Read More >>Majority Black venture capital firm announces $110 million fund to invest in entrepreneurs of color
Read More >>
MaC Venture Capital Announces $110 Million in Inaugural Funding
Read More >>
March Forth: Changing the Game in Venture Capital
Read More >>
Pipe, which aims to be the ‘Nasdaq for revenue,’ raises more money at a $2B valuation
Read More >>
Marlon Nichols x Just Go Grind Podcast
Read More >>
MaC Venture Capital Raises a $110M Inaugural Fund to Invest in Founders Building the Future We Want to See
Read More >>
How VC Investor Marlon Nichols Went From The Basketball Court To The Boardroom
Read More >>
Normalizing venture capitalism in the Black community
Read More >>
Culture as Currency with Marlon Nichols, Managing Partner at MaC Venture Capital
Read More >>
Black Venture Capitalists Look to Even the Playing Field With Diverse Investors
Read More >>
Marlon Nichols will discuss how to secure seed funding at TechCrunch Early Stage 2021
Read More >>
10 VCs say interactivity, regulation and independent creators will reshape digital media in 2021
Read More >>
Venture Unlocked Episode 15 – Marlon Nichols
Read More >>
Elevator Pitch Ep. 8: ‘Imagine If Jimi Hendrix and Beethoven Got Together for an Epic Jam’
Read More >>
SALT Talks: Marlon Nichols | Managing Parter, MaC Venture Capital
Read More >>
Marlon Nichols’ Journey Into Venture Capital
Read More >>
Elevator Pitch Ep. 1: What Could You Build With Another $500,000?
Read More >>
Listen Here: The StartUp to ScaleUp Game Plan x Marlon Nichols
Read More >>
Marlon Nichols x No Bull Business’ #ImaLittleBuzzed on Diversity and Inclusion
Read More >>
‘Diversity is an Interesting Thing’: MaC Venture Capital’s Marlon Nichols on ‘Diversity Theater’ and What He’ll Do with New Funds
Read More >>
Listen Here | Marlon Nichols on the I’m a Little Buzzed Podcast
Read More >>
How do you make VC more diverse? Maybe start with the training schemes
Read More >>
Listen Here | Marlon Nichols on Investing in Cultural Trends on the Be Atento Podcast
Read More >>
We’re Tired
Read More >>
Listen Here | Marlon Nichols on the Season Premiere of the Founder Clinic Podcast
Read More >>
Goldman Sachs Announces 2020 Launch With GS Black and Latinx Entrepreneur Cohort
Read More >>
Listen Here | Marlon Nichols on The Road Untraveled Podcast
Read More >>
Watch | Marlon Nichols x Black Angels Miami
Read More >>
Watch Here | Raising Venture Capital Funding During COVID-19 Webinar
Read More >>Registration Now Open | Raising Venture Capital Funding During COVID-19 Webinar
Read More >>
Goldman Sachs Seeks to Help Black and LatinX Founders Accelerate their Growth
Read More >>
Guidelines for Managing Through This Pandemic and Economic Downturn
Read More >>
Marlon Nichols, Investing in The Future For The Rest Of America
Read More >>
Launch With GS Black and Latinx Entrepreneur Cohort
Read More >>
Deconstructing the Pipeline Myth and the Case for More Diverse Fund Managers
Read More >>
Listen Here: MaC VC Managing GP, Marlon Nichols on the Founder Fundamentals podcast
Read More >>
Marlon Nichols Joined other leading VCs as TechCrunch Battlefield Judge
Read More >>
Marlon Nichols, Icon Mann
Read More >>
The State of Tech & Culture: Conscious Consumer
Read More >>
Marlon Nichols on Culture as a Currency
Read More >>
Moving Up Podcast featuring MaC VC’s Marlon Nichols
Read More >>
In the Arena, featuring Marlon Nichols
Read More >>
Marlon Nichols named to Aspioneer’s Revoltionary CEO’s, 2019
Read More >>
NASDAQ premiers new show “The Breakthrough” with guest Marlon Nichols
Read More >>
Marlon Nichols featured on the cover of The Jamaica Observer
Read More >>
Startup Grind’s VC Corner with Marlon Nichols, Cross Culture Ventures
Read More >>
Forbes: Marlon Nichols Is Changing The Face of Venture Capital
Read More >>
Breaking into Startups: Venture Capital Deep Dive w/ Cross Culture Ventures’ Co-Founder Marlon Nichols
Read More >>
The State of Tech & Culture, Culture A$ Currency
Read More >>
State of Tech & Culture: UNperfect Parent
Read More >>
View More Portfolio Company News
Select Another Portfolio Company