What COVID-19 Means For Startup Ecosystems—And What Can Be Done
1 Apr 2020
A year ago, it was estimated that the “global startup economy” created nearly $3 trillion in economic value between 2016 and 2018. Now, billions of dollars of that economic value may be leaking away, likely by the day.
In a new report out today, my friends at Startup Genome have taken a first pass at how the global pandemic is already affecting startup ecosystems. The biggest impact has been in China, since COVID-19 hit there first. In the short period from November-December 2019 to January-February 2020, venture investing fell off a cliff in China. Just since the beginning of this year, Chinese venture investing has dropped by over 50% relative to the rest of the world.
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