If we’ve learned anything in the last two months, it’s that we’re all one pandemic away from infrastructure breakdown. We’ve seen critical supply shortages in response to the spread of COVID-19, mad scrambles for diagnostic tools, and direct and collateral costs that haven’t even begun to be fully grasped. Even first-world nations are woefully unprepared […]
Nitin Rao thought it would take about a year more to raise $13 million for two funds, which formed in 2016. It ended up taking more than two years and the funds closed on their goals only after a successful exit returned 75% of the capital that had already been poured in.