Alibaba, for example, was just a small startup when the SARS epidemic hit China. Boonicorn Unicorn Ghost, Unicorn Halloween shirt
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Even as the virus spread rapidly across the country, Alibaba employees continued to work from home. It was also during the SARS outbreak when the Chinese tech giant launched its first consumer-oriented platform Taobao, which later became the world’s largest online retail market. Alibaba’s resilience in the face of adversity is a lesson for startups that challenges can turn into opportunities if the startups embrace agility, adaptability and innovation.
More recently, in 2008, the world saw the emergence of a host of new tech-focused startups following the Boonicorn Unicorn Ghost, Unicorn Halloween shirt demise of Lehman Brothers and the ensuing recession. WhatsApp, Instagram, Pinterest, Slack, Uber, Groupon, Venmo and Square – the list continued. In India too, a host of high-value startups including Flipkart, PolicyBaazar, Paytm and Ola were launched during and after the 2008 global financial crisis. As we all know, Flipkart, Paytm, and Ola are all Unicorns with a higher valuation than $ 1 billion.
The behavioral changes brought about by the pandemic are creating new opportunities across all sectors for entrepreneurs to innovate and revise their offerings to find market-relevant products in their respective markets. current environment. With people forced to stay indoors and drastically adjust to their daily lives, the Boonicorn Unicorn Ghost, Unicorn Halloween shirt need for technology-based entertainment solutions, online grocery deliveries, video conferencing tools and platforms EdTech is increasing.
Likewise, as customers become more vigilant about their health, personal hygiene products such as hand sanitizers and disinfectant soaps are also seeing a surge in demand amid the current health emergency. In the healthcare segment, the supply-demand gap for personal protective equipment (PPE) is increasing. This is an opportunity for startups to raise capital and provide meaningful services that can help people adapt to the new normal, creating a lasting impact on the minds of customers.
Thousands of startups emerge each year, of which only a handful get past the first three years of establishment and a negligible percentage can reach unicorn status. Now, the question is – What makes a startup the potential Unicorn? Many parameters, both external and internal, work, including economic context, demand for products/services provided, and the founder’s ability to overcome unprecedented crises have. In the current context, startups can find ways to overcome the Boonicorn Unicorn Ghost, Unicorn Halloween shirt challenges posed by the COVID-19 pandemic and come up with scalable solutions to those challenges, ready to grow steadily. in the long term. Focus on long-term growth instead of short-term opportunities – this is the main factor that will separate the wheat plant from the rice husk – unicorns with others.
The coronavirus crisis has required startups to be agile, dynamic, and quick to act – characteristic of a Unicorn startup. While it’s impossible to gauge the long-term impact of this pandemic, the Boonicorn Unicorn Ghost, Unicorn Halloween shirt future we envision after COVID is where a group of startups will emerge stronger than they were before the pandemic. Whether in healthcare or deep technology, these startups will lead the next wave of innovation and will eventually enter the Unicorn club.