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The Year That Was: How startups survived 2020 with resilience, pivots, hope

In the startup world, the Covid-19 pandemic was an eye-opener. The highly funded and well-paying startups were in fact the first to let go of their employees

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Those with a strong revenue funnel – like some in the software space – fared better.

8 min read Last Updated : Dec 31 2020 | 1:10 PM IST

“Hustle and break things” – a phrase often used to describe the startup life – acquired a new meaning in 2020. The Coronavirus (Covid-19) pandemic, which unfolded in March and continues to depress lives and businesses, forced thousands out of jobs, shuttered start-ups, forced workers to relocate and put a substantial to strain on mental and physical health.

Despite the setbacks, 2020 is a reminder of the undying spirit of resilience. Workers and businesses adopted to the new reality. With survival at stake, firms adopted virtual collaboration tools and trimmed office space, while individuals, who were laid off, made headway

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