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What segments of the IT industry go up due to the crisis?The crisis has accelerated trends of structural and cyclical ec...
21/04/2020

What segments of the IT industry go up due to the crisis?

The crisis has accelerated trends of structural and cyclical economic changes that were already underway. This conclusion was made by Dealroom in its report dedicated to the impact of the crisis on startups & tech.

To understand which segments of the IT industry are on the rise, we've summed up the data from the report.

The positive impact both structural and cyclical is expected for:
- Online education
- Biotech
- Telehealth
- Streaming video/music
- Gaming
- Food delivery
- Online grocery
- Staples eCommerce
- Meal kits
- Collaboration software

Among positive and negative impacts, some segments are expected to keep neutral:
- Fintech
- Telecom/hosting
- Frontier tech
- Cleantech

Check the full Dealroom's report here: https://bit.ly/39PooMz

For those who wonder about App installs, total revenue in industries overall, and per country, please check the report by AppsFlyer https://bit.ly/2RjqtKz. The report covers five weeks' activity.

Revenue loss, issues with funding and keeping employees: how today's challenges influence Nordic startups?To raise aware...
21/04/2020

Revenue loss, issues with funding and keeping employees: how today's challenges influence Nordic startups?

To raise awareness of the ongoing challenges startups face as a result of the pandemic The Hub, a free-of-charge community platform for startups, has surveyed the current situation.

To save your time, we made a summary of the survey to show how the most vulnerable part of the IT-industry - startups, is reacting.

The Hub targeted startups in Denmark, Finland, Norway, and Northern Ireland and got responses from 468 of them as of March 23, 2020. Foremost, these are startups with 1 to 20 employees; the max headcount is +35.

The results:

- the main challenge is the income decrease due to the drop in sales. 81% of respondents put it in the first place.

- the second place goes to issues with current or future funding rounds.

- 37% of respondents are planning to reduce the workforce. They define their efforts to save the staff and continue to pay salaries as a very tough task.

According to a survey by Techleap - the Netherlands non-profit - more than half of the Dutch startups will be out of money in 1 to 3 months. 31% think that they will have 3 to 6 months.

The Hub survey: https://bit.ly/hubiosurvey
Techleap survey: https://lnkd.in/dq438Jb

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