Tag: Startups

“People around the world are coming up with ideas on how to solve some of the problems and challenges we’ve faced in the last few weeks. For a lot of people, there’s a lot of time on their hands to do research, there’s a lot of thinking time. It is a perfect time to be doing that.”

Luke Lang, co-founder of equity crowdfunding platform Crowdcube, to CNBC

"As of late Tuesday, more than 5,000 startup employees are out of a job as the coronavirus wreaks havoc on the economy. (…) For now, the layoffs are affecting largely companies with a high cash-burn rate (...) or companies that haven’t raised money in the last year or two (...) and thus lack a big cash cushion, or both. But many industry watchers expect the job cuts to spread as the lockdown continues."

(Source: Bloomberg)