VentureBeat April 1, 2020
The world has been shaken up by the coronavirus, and the global startup community is no exception. Startup Genome has issued the first installment of reports that it plans to do on how startups are being affected since the onset of COVID-19.
The company found that Chinese venture capital deals fell 50 to 57 percentage points in the first two months of the year, since the onset of the crisis, relative to the rest of the world. If a drop like that happens globally, even for just two months, approximately $28 billion in startup investment will go missing in 2020, with a dramatic impact on companies, based on extrapolations of data collected by Pitchbook and Startup Genome.
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