These are the companies that are out there fundraising and also most at risk if this downturn continues.
So if you can write checks, these are the companies that want to talk to you.
However, if you’re not going to be making new investments because you want to triage the existing portfolio, there is nothing wrong with that. That’s actually very commendable.
But if that’s your priority, just say that — on Twitter, your blog, and your website — so founders know where to look.
And don’t do the whole “open for business” thing.
Nobody will think less of you and founders who may be approaching a cash zero position will appreciate that you didn’t waste their time.
BTW, if you say you’re open for business, it’s easy for CB Insights to track in a couple of quarters if that was, in fact, true.