What kind of support is needed by tech startups?
Central and state governments can examine deferment of taxes – GST & TDS, making available low cost working capital for human capital intensive startups such as food and staple delivery companies, grants in some specific technologies that can impact human life such as bio-sciences, providing wider cover of medicare for startups which rely on field force, etc., can go a long way in supporting tech startups in this hour of crisis. The intent is to support the startup ecosystem which enables them to cope up financially during this period and avoid raising funds as a firesale through equity.
Governments (Central and state) can involve VC fraternity to form think tanks to support with strategy and ideas that can help sustain the ecosystem and work together to support the community at large in solving basic fundamental issues that crop up during this period.
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Which tech startup segments will be able to leverage these challenging times, to show growth and innovation ?
Tech startups which fall in the bucket of online education, remote work technologies, online entertainment, B2B2C tech startups in staples space are the ones that benefit during this downturn. They can take advantage of lower CAC and build strong balance sheets and cash reserves. They can even explore acquisition of weaker competitors. If these tech startups beef up their tech stack to absorb higher volume with increased security and roll out more products and services, they can stay ahead of the bell curve.
2020-04-27 20:49:05, views: 639, Comments: 0
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