Rewriting the Startup Survival Guide

This week: coronavirus is rewriting the cleantech startup survival guide.

The implosion for early-stage companies has been swift. According to a New York Times analysis, 6,000 people at 50 startups have lost their jobs since the middle of March. 

Once fast-growing companies are losing their revenue overnight, laying off or furloughing up to 50 percent of their staff.

Companies in travel, consumer goods, or fintech are the hardest hit by the current economic freeze. The full impact on climatetech and cleantech companies is still unknown. That will depend on the sector they’re targeting, whether they’re generating revenue, and how long this crisis lasts.

Shayle Kann and Stephen Lacey talk with Dr. Emily Reichert, CEO of Greentown Labs, and Emily Kirsch, founder and CEO of Powerhouse about how startups can make it through the current economic calamity.

Want to share your opinion about the topic? Let us know on Twitter. Follow @InterchangeShow, @shaylekann & @stphn_lacey and send comments about the show.

The Interchange is sponsored by Viking Cold Solutions, a leader in thermal storage for refrigerated warehouses, grocery store freezers, and restaurants around the globe. Find out how thermal storage can benefit your facility.

We’re also sponsored by NEXTracker. NEXTracker has more than 30 gigawatts of resilient and intelligent solar tracking systems across six continents. Optimize your solar power plant.

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