COVID-19 dramatically changed VC mindset. Valuation bubble is over, now founders & VC will try to become more profitable and have backup revenue stream just in case if situation like COVID-19 will repeat.
COVID showed that most VCs who were geographic-focused are not flexible in today`s global world.
Midwest VC mindset are very different from Silicon Valey and East Cost VCs.
They are more conservative and do not want to look at long term and see bigger pictures.