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Layoffs at high-profile tech giants like Uber (UBER) and Lyft (LYFT) grabbed headlines in recent weeks, though the novel coronavirus has also decimated the next generation of aspiring unicorns, forcing some to close permanently.
Some promising ventures may succumb to unfortunate circumstances, but the economic crisis also reveals which early-stage companies can draw on the effective leadership and sustainable business model necessary to weather a downturn, says Stephanie Mehta, the editor-in-chief of business publication Fast Company.
“We’re going to see the companies that actually have real business plans and real models that will be able to sustain them on the other side,” says Mehta, in a newly released interview, taped on April 27.
“For a lot of them, we’re going to see which ones were just, to mix my metaphors, which were houses of cards.”
“The worry I have without necessarily being able to look at any one company’s