Fintechs around the world are feeling the pain of the ongoing crisis, especially when it comes to funding; companies who have raised significant capital will be safe as investors will feel the pressure to reinvest to protect their portfolio companies; smaller companies will have to go into more of a bootstrap mode which could help the companies in the long run; going back to the basics and proving out your original concept might end up being a blessing in disguise for many companies; “Go back to bootstraps — it’s a healthier process,” Ron Daniel, the CEO of Liquidity Capital, says to the FT. “A lot of people are going to lose their jobs…and you’re going to see a whole new generation of companies anyway, so maybe they will find new ways of funding themselves, maybe family and friends, not venture capital.” Financial Times
