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On Wednesday, December 9 Axios' Dan Primack hosted a conversation on the future of venture capital featuring Mercato Partners director Joe Kaiser and Upfront Ventures managing partner Kara Nortman.

Kara Nortman unpacked the startup landscape, Los Angeles as an up-and-coming hub for venture capital, and trends in the industry.

  • On how the pandemic has changed founding startups: "You have to be intentional. You don't have serendipity. It doesn't exist. You have to even be intentional about your serendipity. My sense is more startups are starting really in a positive way, trying to solve big, real problems where you can collaborate with people in different ways and get to know people differently."
  • On how companies that prioritized resiliency are thriving: "A lot of companies that thought they would be impacted negatively actually became more efficient and really looked at how they're operating and really invested in culture...Startups that do what startups do best—which is move fast against macro changes—are coming out of this much, much stronger."

Joe Kaiser discussed the acceleration of 'work from home' and how geography will play less and less of a role in building successful companies.

  • "A couple of years ago, you had founders...moving to the Bay Area to build amazing companies. Today's [founders] are doing it in the towns where they grew up...We believe is going to be an explosive and dispersed entrepreneurial movement across the US. I think I think we are going to see a really distributed entrepreneurial environment for years to come."

Axios Chief Revenue Officer Fabricio Drumond hosted a View from the Top segment with president of the Venture Banking Group at Pacific Western Bank Sean Lynden, who unpacked how startups and the world of venture capital have approached the economic reality of the pandemic.

  • "I think that a lot of the venture capital community took a longer term approach to this. They saw this as being a short term hiccup...They've taken a long term approach, continuing to build good, solid companies that should come out of this stronger than ever. "

Thank you Pacific Western Bank for sponsoring this event.

Go deeper

Dan Primack, author of Pro Rata
Jul 29, 2021 - Economy & Business

The mental health deal boom

Illustration: Sarah Grillo/Axios

The positive social media response to Simone Biles withdrawing from Olympic competition highlights how the artificial line between health care and mental health care is finally beginning to dissolve. And startup investors have taken notice.

By the numbers: Venture capital investments in mental health startups rose 72.6% between Q1 2020 and Q1 2021, per CB Insights.

Updated 28 mins ago - Sports

Olympics dashboard

Italy's Lamont Marcell Jacobs of Team Italy crosses the finish line ahead of American Fred Kerley in the men's 100m final on day nine of the Olympic Games at Olympic Stadium in Tokyo, Japan, on Sunday. Photo: Cameron Spencer/Getty Images

🚨: IOC "looking into" American Raven Saunders' Olympic podium gesture

🏃🏾: Italy's Lamont Marcell Jacobs: Reconnecting with U.S. father "gave me the desire to win" Olympic 100m sprint race.

🥇High jumpers persuade Olympic officials to let them share gold

🏌️‍♂️: Golfer Xander Schauffele wins gold for U.S. by one shot

🤸🏿‍♀️: Simone Biles won't compete in Olympic floor finals, individual vault or uneven bars

🏳️‍⚧️: Axios at the Olympics: Games grapple with trans athletesTrans athletes see the Tokyo Games as a watershed moment

Go deeper: Full Axios coverage

Updated 40 mins ago - Sports

IOC "looking into" American Raven Saunders' Olympic podium gesture

Team USA's Raven Saunders gestures on the podium with her silver medal after competing in the women's shot put event during the Tokyo 2020 Olympic Games at the Olympic Stadium in Tokyo on Sunday. Photo: Ina Fassbender/AFP via Getty Images

The International Olympic Committee is "looking into" U.S. shot-putter Raven Saunders' gesture on the Tokyo Games podium after she won a silver medal, IOC spokesperson Mark Adams told reporters Monday.

Why it matters: Saunders told AP she placed her hands above her head in an "X" formation while on the podium to stand up for "oppressed" people. The IOC has banned protests during the Tokyo Games.