Some of us remember the crash of 1987, the dot-com bubble burst of 2000-2001, and the 2007 financial crisis. With Covid-19, not only is the economic crisis sudden, the human impact is also horrific.
Crisis begets opportunity in more than one way. During the past two recessions, although fewer dollars were invested, more companies got funded. In addition, over half of Fortune 500 companies were created during a recession or bear market. Whatsapp, Uber, Airbnb, Pinterest were all products of the last recession... incredible right?
Are we going to see similar trends during this pandemic recession? Is the government doing enough to protect the startup ecosystem? Is the fundraising pressure forcing founders to create products for investors and not for end customers?
We explore these and various other topics in an insightful virtual panel discussion with Philip Bahoshy, Amir Hegazi, and Sharif El-Badawi.
(Source: Arabian Business YouTube channel)