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.

To read this article in full, please click here

from Computerworld https://ift.tt/3arWPcu