Some of these sentiments were seen post the 2016-17 lull period, but again a hopped-up environment followed in just about a year.
These companies didn’t exist during the dotcom crash back in 1999-2000, and most weren’t around in the 2008 financial crisis either.
And many of them did not have a case to survive if it weren’t for constant infusion of investor capital.
I was given to understand that the Covid-19 crisis has simply shortened the runway, and expedited the eventualities like no one had imagined.
And companies will survive this crisis by transforming and pivoting, as well as by innovating.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
The highest five-year survival rate for new businesses is mining, at 51.3%.
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