As recessionary times start to bite, what do VCs look for?

As we approach a recessionary market, valuations and funding have started to drop. Nuance fund Partner Ngaio Merrick adds her thoughts alongisde other New Zealand VC managers on how startups should approach this. More at article here https://www.caffeinedaily.co/stories/as-recessionary-times-start-to-bite-what-do-vcs-look-for