Startup employees, capital shrink during pandemic
April 21, 2020 - Nearly three of every four startups globally — 74 percent — have had to terminate employees since the beginning of the Covid-19 coronavirus crisis, according to a new report from research and policy advisory group Startup Genome. The report also found 41 percent of startups are in danger of slipping into the “red zone,” with three months or less of runway, and 10 percent of the startups have one month or less of runway. Over two-thirds of startups have reduced their expenses since December 2019 and 74 percent have seen revenue drop since the beginning of the crisis, but 12 percent of startups are experiencing growth. Read more in this story on PitchLyst.