How the COVID-19 pandemic is starving tech startups worldwide
Silicon Valley and other centers of tech startups may have seemed immune from the COVID-19 pandemic, as software developers, marketers, and others already used to working digitally shifted to largely working at home as lockdowns became mandated throughout much of the world a month ago.
But a new survey of the tech startup sector across the globe shows that a high percentage of the industry is poised to starve and go out of business over the coming months as the capital and revenues that sustain them dry up. Startup Genome, a U.S.-based global policy advisory company to tech startups (and governments seeking to support tech startups), surveyed 1,070 startups across 50 countries in March 2020.