We’re excited to announce our investment in @FireworkHQ short-video platform. The stellar team of serial entrepreneurs is expanding globally and riding the huge adoption of mobile-first video creation.
Although VCs have billions in dry powder, the industry will be much more cautious when investing. We’ll likely see them focus on hot startups by doubling down or scoping serial entrepreneurs who are more experienced at navigating crises and have insights from building companies.
Work patterns are shifting and telecommuting is becoming a norm. Many WFH challenges stem from socioeconomic inequality and only 33% of jobs are currently able to WFH. Innovations that can make more jobs WFH-compatible will be game changers.
COVID is forcing a fast reallocation of firm sales between industries. High tech industries, such as e-commerce, deliveries, short video, video streaming services, online medical care, and remote work sectors are big wins. It’s a great time to invest in these winners.
We estimate a U or W-shaped recovery pattern instead of the more optimistic V-shaped recovery. Unfortunately, we think that traditional industries are likely not going to recover for a long period of time and some jobs might be permanently lost.
COVID resembles war-time economics more than a typical recession. Unlike during a recession where all industries are negatively impacted, certain sectors actually will thrive, like tech and e-commerce.
As US is re-opening, we’ve recently published an article about the impacts from COVID on our economy and on our investing strategies.
https://t.co/c6laZ81kZw
COVID-19 is short-circuiting many barriers to adoption for several sectors. Calling all startups and founders solving user needs in the new era to ping us.
https://t.co/Ac82FMpX23