Coronavirus Accelerates Changes Already Underway

Coronavirus Accelerates Changes Already Underway

March 27, 2020 by investor

Hello, this is Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

While the Coronavirus brings a lockdown in the movement of people, it doesn’t point to an altered future, but rather an accelerated one.

The Coronavirus will accelerate changes in the economy that are underway.

We were already shifting the supply chain to include home delivery of groceries and everyday items.

The Coronavirus lockdown only speeds that shift.

Amazon and other suppliers are hiring thousands of workers to meet the acceleration.

Education was already moving online and will only do so more now, that schools have cancelled classes and sent students home to log onto their computers.

Businesses were already moving to video conferencing and remote-worker organizations. 

The Coronavirus ‘stay at home’ mandates across the globe, encourage more users of Zoom and remote-worker software.

Healthcare was already moving to telehealth-based care. 

The overload of Coronavirus patients on the healthcare system will increase usage of that model.

The Coronavirus is moving our economy to the next generation and while it may be painful in the short run, it’s inevitable in the long run.

As a startup, think about how your company can be a part of the next economy.

That new economy is now here.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.