“Over the course of the past three months, only 541 VC deals were made in the seed to Series B stages, compared with 964 deals in the same period in 2019–a 44 percent decrease in deals.”
As we showed earlier, the check size of travel tech companies has been massively hit. VC-backed Series A check sizes in the sector have dropped 84 percent, from $14.68 million in 2019 to $2.3 million in 2020.As I have experience firsthand, working with partners in the U.S., Israel, Europe and Asia, COVID-19 has impacted all our lives on a massive global scale. These days we rarely leave our cities, let alone fly internationally.
Customers may buy your product without meeting you in person, however, making a large B2B sale without meeting the client is difficult. We all hope to see the world go back to “normal” as soon as possible. I personally have high hopes that a vaccine or therapy will be available within a year, after which we will have a new “normal” on our hands.
As innovative entrepreneurs and investors, we need to adapt and see this as an opportunity to identify new trends which will take over. These may be remote work, remote health, e-commerce, automation, trends that will continue to rise, alternative ways to invest our capital and more. Those who will innovate and adapt themselves to the new norm, will succeed despite and even thanks to the pandemic.There is often a delay between when a venture capital deal is closed and when it’s publicly reported and captured by Crunchbase so this number may not reflect the complete funding landscape during that time period. Reporting delays are most common at seed stage.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
3 Palm Desert businesses close for cleaning after employees contract COVID-19One restaurant and two retailers at the Westfield Palm Desert mall have temporarily closed to undergo deep cleaning after employees tested positive.
Read more »
Apple to re-close seven stores in Houston because of Covid-19 spikesApple store re-closings are significant because the company's stores tend to be in important shopping centers and malls, and can be seen as an indicator of how smoothly retail operations can re-open in the United States.
Read more »
Trump Says He Wasn't Joking About Slowing COVID-19 Testing: 'I Don't Kid'The consistently inconsistent president told another journalist the comment was 'semi tongue-in-cheek.'
Read more »
Brazil judge orders Bolsonaro to wear a mask due to COVID-19A Brazilian judge ordered President Jair Bolsonaro to wear a mask in public after the right-wing populist attended political rallies without one in the middle of the world's second-worst coronavirus outbreak.
Read more »
Everbridge BrandVoice: How To Assess Your Business’s Readiness To Reopen Amidst COVID-19The spread of COVID-19 represents a perfect storm for business disruption, combining a rapidly evolving global threat, an uneven recovery, disparate government regulations and shaken supply chains.
Read more »
How to control college costs in the age of COVID-19Tina Smets had long thought about getting a college degree, but that seemed impossible.
Read more »