While the COVID-19 pandemic has proven catastrophic for the global economy, companies that are able to quickly adapt to combat the impacts of crises are the ones that investors are particularly interested in, according to Dmitri Dawkins, managing director of Graft Ventures.
“In the last recession in 2008/2009 we had a ton of good companies coming out. Right now [investors] are looking at resilient companies — the ones that can retain their cash flow and can withstand threats over time,” Dawkins stated.
“Here in the Caribbean, that has just been business as usual for us. The US or European markets do not have the same risks as far as getting a hurricane every single year or having foreign exchange devaluation. We have developed a lot of great companies and great founders who are weathered and hardened, and know how to operate in a crisis. So if now we can provide that patient capital to these founders and support them — in my case over a 10-year period going forward — I’m really excited to see how they are going to grow,” he said.
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