This article was provided by the Institute of Entrepreneurship and Private Capital whose aim is to inspire entrepreneurs and investors to pursue impactful innovation by equipping them with the tools, expertise and insights to drive growth.
IIEStartups need government funding - now
When the coronavirus crisis passes we’ll need startups to fuel our recovery. But they won’t survive without urgent government action
“By definition, a startup is a company that is still losing money. Those at the ‘seed’ stage will have no revenue at all”
“In good times, money is a commodity that is readily available. In times of crisis, cash is king”
“If the conditions for accessing money are based on a strong balance sheet and income statement, then most startups will die”
