Covid-19’s Impact On Startups: Assessing The First Few Months

Four months ago, during the early days of Covid-19, many speculated that the venture-backed startup universe might halt or even dry up. On April 1st, The New York Times even reported that “the great unwinding” of the tech boom had begun.

Fast-forward to mid-summer and the conversation in the Bay Area and other technology hubs has entirely changed.  The pandemic has had a meaningful impact on the life of startups – but not always in expected ways. Some industries have thrived, even accelerated, while others now face secular declines, with structural transformations ahead. But overall, the net effect of Covid has been to accelerate the disruptive role of technology across industries.

John Mellencamp - Pink Houses

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RSK: As John Mellencamp sang ...and there are winners...and there are losers....ain`t that America you and me.."