The recent COVID-19 pandemic severely impacted the economic environment in which the venture capital (VC) industry operates. Through a survey conducted on more than 500 venture capitalists, this study aims to understand the impact of the COVID-19 crisis on venture capitalists’ investment strategies. The analysis begins with an overview of the venture capital industry, reviewing existing literature related to the venture capital cycle and the impact that the financial crises had on it. After then, there is an emphasis on the survey and its outcomes, addressing investment practices and their differences between a pre and post COVID-19 pandemic scenario, comparing them with existing literature.