Today the Coronavirus outbreak has plunged the world's economy into a global recession, which will cause a period of a global economic slowdown.
Regarding tech startups, the truth is that 90% of startups fail—all the time.
In fact, startups are ventures in search of a business model. Frankly, they don't have revenue in any economy.
However, now the time might be more limited for these tech startups to reach that point of profitability. In other words, it's never been so important to be lean for early-stage startups and turn the profitability switch to remain in business.
In this case, even if a recession does occur, it will not stop many startups on the road to being a unicorn later. The world economy 2020 is bad, meaning costs are lower, and probably, there would be less competition.
What do you think, which kind of startups could survive or even thrive through this crisis?
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