“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”- Winston Churchill
The onset of the Covid-19 pandemic has caused many flare-ups and breakdowns in the corporate world. We have gone through the phases of medical breakthroughs, business turmoil, and the massive downfall of Global economic growth. Eventually, the new normal crept in and the whole world has moved on in life holding on to hopes and strived to cope with the dreadful situation. The unintended consequences have not changed much today but for sure have challenged us to set new pathways in the business environment.
Post COVID: Startups & VCs Status
Many VCs relied on wise thought to bring a halt to new investments and then check through the financial status. Like the thundering stroke, it hit the startups when they knew funding would cease, and soon they would face a shortage of funds. So, conserving the funding was the only option. The startups got immersed in gauging their scales and proactively prepared knowing how far they can pull the thread without funding. Start-ups are focusing to address the pain points of the businesses and seeking solutions that add more value.
At the initial stages, the startups depend entirely on VCs as they have limited or zero revenues. Further, they would seek funding for growth purposes. With unstable situations during covid, many startups are altering their ambitions and cutting costs to sustain the current time.
Generally, it is believed when there’s turmoil that’s where we are challenged to do something outstanding, new or different. It can be compared to the pruning process of plants which helps the better growth and development. Similarly, a new box of innovation will appear and new ideas to overcome the existing problems. The result is that the incredible solution transforms into the current trend.
At HA, investors thought beyond and encouraged ideas that prevailed and benefited the current pain situation. Sectors such as deeptech, healthcare, digitech, etc. Even in this hurdle, some sectors did a great job in pitching their ventures to help the situation cope. Many startups like sustainable startups mushroomed and contributed a lot in the needed moment of our country. It was a beacon of light in the darker shades of the startup ecosystem.
This is a golden opportunity to develop leadership skills for a Founder. The most challenging but an opportunity to hit the best target. Take the best foot forward which will drive the future trends. So, the probability of normal time will be more than the crisis and the productivity will be magnificent. A lot of mentorships may be focused.
The Post-COVID has resulted in the biggest developments in terms of innovation, capital, Investments, and talent core.
- New regulatory norms for consumer-facing companies moderated the behavior of a delivery system, packaging, etc. new expense and challenge of retaining customers prevailed.
- Cloud computing has become the current trend. It helps in business survival.
- Startups have the potential to grow faster. In its initial stages requires proper mentorship, expertise, teamwork, and a market for scaling.
- Communication technologies simplify all interfaces of working systems across the Globe.
- Focus on building trust
- Get equipped with world-class skills which helps a startup to reach the future sustainability
- Develop an organizational culture that includes incentive systems, people policy, risk management, decision making, and more
- Delegation and empowerment are the two effective tools that go hand in hand to help the dynamic leadership from the Founder’s side. This may be accompanied by setting expectations, meeting requirements, training & development, constant monitoring, feedback, trust, recognition, shared values, and defined ethics.
- Performance Management is one of the motivating factors to improve productivity which enables overall scaling of the business. It’s not an easy task anyway. It might cost you time and patience. A founder must be capable of preparing the employees to take over the responsibilities with accountability. For they will be your valuable icons taking your company forward.
Both for Startups and VCs a carpet of opportunities is spread to venture. Now it’s your turn to prove your potential in the promising future of emerging trends. HA being the leading angel network in India whose focus lies in creating a sustainable ecosystem where VCs are a vital part of institutional investors guarantees hand-holding support to the aspiring Startups of current times.
Join hands with HA to create a sustainable ecosystem. For more details contact us at https://hyderabadangels.in/contact-us/
