3 ms·
A lot of us are holding our breaths. First travel related companies, which is mostly consumer, like tourism (flights, ...) and in-person services (house cleane
by lmeyerov 7y ago
A lot of us are holding our breaths.
First travel related companies, which is mostly consumer, like tourism (flights, ...) and in-person services (house cleaners, ...). In parallel, weaker companies in general (enterprise startups that raise megarounds wothout megarevenue).
Scarier is 1-2 financial quarters later. No clue yet, but as the b2b's relying on b2c's start missing their numbers for more than 1qtr, who knows. Can they just reduce by say 10% + consumer divisions, or were too exposed?
A big saving grace is, in bigger co's, annual budgets mostly passed in dec--feb, so a lot of flex time ahead. So if commerce starts thawing , there will be cuts, but not so bad. Long-term, whole tourism etc sectors hurt, more about reshuffling for everywhere else.
A silver lining is for startups: this is a time of chaos, agility, big moves, digital, and soon, m&a. I have a talk on Friday w 200+ people registering last minute - in our industry, we are lucky to be quite busy, but every week is a surprise right now! More importantly, we are volunteering on health interventions and people are sick: $ is useful but not #1.