Useful tips for startup survival during the Covid-19 pandemic

On the other hand, not every business suffers from the crisis. In fact, some entrepreneurs have thrived in its midst. Examples are delivery apps, digital health, online learning platforms and many others. Yet these are still “niche” businesses, and the overall picture for startups is not very bright. Since the beginning of the pandemic, 74% of the startups have terminated full-time employees. 39% of all startups had to lay off 20% or more of their staff, and 26% had to let go of more than 60% of their workers. No one understands the ultimate economic effect of the epidemic of Covid-19, but everyone agrees that we have a global economic reset on our hands.

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