How direct-to-consumer startups are navigating the coronavirus - Business Insider

Many of these Silicon Valley-based businesses raised a lot of money on the promise of rapid growth and now find demand is suddenly drying up as shoppers hunker down and stop buying.

Jon Keidan, founder of Torch Capital, an investor in health startups including Ro, Collis Health, and Tia, said that he was advising DTC companies to reduce salaries across the board to preserve people's jobs.Some startups are scrambling to find ways to keep connected with consumers even if they might not be in a buying mood.

"This is a moment to shift from direct to consumer to direct to community," she said. "When you have a better relationship with your customer, you're maintaining that continuity and brand." "We diversified our supply base and primarily have suppliers domestically and across Europe so we didn't fall victim to some of the supply chain issues that those reliant on Chinese manufacturers did," said Chelsea Hirschhorn, president and CEO. "We used to have 6-12 weeks of stock; we have doubled that."

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Coronavirus: AI startup launches tracker tool to help businesses - Business InsiderDeloitte and HSBC are among Signal AI's biggest clients. It just launched a new coronavirus tracker for businesses.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Veteran tech execs: 5 tips to navigate a coronavirus-driven recession - Business InsiderTech investors David Cohen and Brad Felding spoke with 3 tech execs who guided companies through the dotcom bust, 9/11, and the 2008 recession.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

How startups can survive the coronavirus black swan - Business InsiderA global recession is looking inevitable. Here are 10 practical tips from Europe's top investors on how founders can weather 2020's black swan. This is to fight off the Corona virus? We will not let any kind of recession happen except the recession of the Corona virus! BIUK Simple advice. Ignore for 4 months. Don’t look at your portfolio and don’t sell. This will pass
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Coronavirus forces tech investors and startups to ditch the all-important pitch meeting - Business InsiderCoronavirus forces tech investors and startups to ditch the all-important pitch meeting
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Boris Johnson calls on healthtech startups to help fight coronavirus - Business InsiderBoris Johnson met with healthtech startups Babylon and Thriva to discuss scaling up coronavirus testing
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »