Bessemer’s Tess Hatch on the evolving aerospace market and COVID-19 adjustments

INSUBCONTINENT EXCLUSIVE:
The aerospace market is evolving quickly and merging with other segments of tech, making it an exciting space for both startups and
helping guide companies in their portfolio through these strange times, and has been rolling with the punches herself.Hatch recently spoke
tech world
how the virus is affecting things in the investment world
Have you made any official accommodations, like a change of strategy, or putting off key investments, things like that?Tess Hatch: Of
tricks that can help that
stay the same
where they expected it to
where entrepreneurs will find amazing opportunities to solve the most pressing/immediate societal challenges and we are here to invest in
them
three partnership meetings since craziness happened
things is to be able to predict how the future, at least the next year or two, is going to go
have not seen anything like this in my short career, but there are partners at the firm who have been here 20-plus years and while they have
to get through this
companies that you mentioned, those may have it the hardest because they involve so much travel, so much mailing back and forth of
prototypes for testing
Is there any specific advice that you have for hardware companies that are trying to build a product right now?Unfortunately, most of them
have stopped all travel
feet apart and taking all of the necessary precautions, doing every-other shifts
distance between all of them
This is one of the best times to use drones to deliver emergency medical supplies, or even toilet paper and hand sanitizer to people in need
process
there are people in the organization that can turn and do that
But think about a sales person or business development, there are certain ones that, their entire job is shaking hands or going to these
events
I mean, think of marketing spend with no conferences this year, and all that upsets.Aerospace between air and spaceYou wrote an article last
week for us about a sort of neglected area of the new space industry, the stratosphere
I feel like people have been chasing this for a long time, but that the drawbacks of being in atmosphere are too much, especially when LEO
[low Earth orbit] is getting so cheap
Do you really think that things like balloons and blimps are in the cards?I agree with you that LEO is definitely becoming more accessible
fruition.However, there are still so many things one needs to do to modify their sensor for LEO