Why this prediction is rated wrong

Jason said founders should assume that “no money is going to get raised for the next 3 or 6 months at a minimum” from March 2020.

Evidence from venture data and sector reports shows that, although deal counts fell and investors became more selective, substantial new fundraising continued throughout that 3–6 month window:

1. Overall US & global VC in Q2 2020 (roughly April–June)

   • PitchBook–NVCA’s Venture Monitor reports $34.3B invested across 2,197 US VC deals in Q2 2020, noting that deal activity slowed but fundraising and investment dollars "remained healthy." (pitchbook.com)
   • KPMG’s Global Venture Pulse finds global VC investment of $62.9B across 4,502 deals in Q2 2020, almost equal to Q1 2020 and only slightly below Q2 2019. The US alone accounts for more than half of that ($34.3B across 2,197 deals). (prnewswire.com)
   • The same KPMG report notes that first‑time venture financings in 1H 2020 totaled $10.2B across 2,439 deals—well below 2019’s pace, but clearly far from “no money.” (prnewswire.com)

2. Sector example: digital health and telehealth

   • Mercom Capital reports global VC funding for digital health companies hit a record $6.3B in 1H 2020, up 24% vs. 1H 2019, with $2.8B in 161 deals in Q2 alone and $690M of that in early (seed/Series A) rounds. (mercomcapital.com)
   • Telehealth specifically saw record investment: Mercom notes nearly $2B into telehealth in 1H 2020, including roughly $962M in 50 deals in Q2 2020. (mercomcapital.com)
     These are exactly the months Jason said to expect “no money” to be raised.

3. Rebound by Q3 2020 (within the 6‑month horizon)

   • The PwC/CB Insights MoneyTree report shows US VC investments reached $36.5B in Q3 2020, a seven‑quarter high and the second‑strongest quarter ever for US VC‑backed companies, up 30% from Q2 2020. (cbinsights.com)
   • Global Q3 2020 funding across North America, Asia, and Europe also hit a historical record, indicating that by months 4–6 after March 2020, fundraising was not only happening but very strong. (cbinsights.com)

4. Concrete deal activity even in March 2020

   • A compiled list of Pacific Northwest venture deals shows 20 startups raising over $200M in March 2020 alone, including multiple Series B and C rounds—evidence that even in the initial shock, new rounds were still closing. (reddit.com)

Conclusion
While COVID‑19 clearly slowed new deals—especially seed and first‑time financings—data from Q2 and Q3 2020 show tens of billions of dollars invested and thousands of deals, including many new rounds. Fundraising became harder and more selective, but it did not effectively cease for 3–6 months. Therefore Jason’s prediction that “no money is going to get raised” in that period is wrong.