The coronavirus crisis may lead to a series of changes forcing many companies to rethink their business models. 💭
Startups 🚀 frequently depend on funding, and some may be critically impacted. Still, others may find themselves in a stronger position thanks to their capacity to adapt to the changing landscape or because they provide digital services that have proven invaluable. Could the coronavirus crisis set the stage for the next big startup?
Companies will have to tighten their belts, and focus more on profitability and positive cash flow than growth at all costs,” the report explains. According to the consulting firm, this represents a marked change from the last decade when some fintech companies were able to raise enormous amounts of capital even without demonstrating profitability.