Speaking on the fringes of Web Summit’s North American sister event, Collision, in Toronto last week, Maëlle Gavet, chief executive of US-based Techstars, said there was no doubt that companies were in for a difficult time.
“There will, of course, still be innovation, but the reality is that there will also be a bunch of bankruptcies and of companies that are going to disappear, and of people who won’t get paid. We should not ignore this reality,” Gavet told the Business Post.
ChasTaylor Should we live on noodles and in unlit and unheated basements until then?
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