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March 30, 2020 | 4-minute read (761 words)
COVID-19 has wreaked havoc on nearly every aspect of the world economy. Small brick and mortar businesses like your local pizzeria may be forced to close their doors for good. Publicly traded blue-chip companies are facing capital constraints and have been choosing to draw down on their revolvers. The list goes on and on.
Startups aren’t immune to the challenges created by this global pandemic. Whether a startup has just received its first seed round or was thinking of going public before this financial crisis, all founders in the startup world need to take decisive action. Doing so, they can better mitigate the near-term economic impact of the coronavirus and be well-prepared to capitalize on normalcy when it arrives.
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