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According to PitchBook a venture investor is more likely to write a check without an in-person meeting if at least one other investor in a deal has met the founders. VC's are also favoring companies selling software, rather than those making a physical product.
“It’s generational,” said Masha Drokova, founder of early-stage firm Day One Ventures. Younger people are used to developing deep connections and relationships with people they have only met online, she said. Investing remotely helped Day One before the coronavirus back companies around the world and get into fast-moving, competitive deals.
https://www.wsj.com/articles/venture-investors-make-leap-into-fully-remote-deals-11589794201
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