For startups facing extinction, surviving coronavirus is a race against time

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With the global economy on lockdown, the fates of thousands of startups may now depend on something they can’t control: their last injection of cash. There’s no good way to estimate how many startups won’t survive coronavirus, because nobody knows how long the crisis will last. Some companies have been fortunate enough to be in industries that are flourishing during the lockdown, like food delivery, remote work, or telehealth. For the rest, their fate may rest on a factor outside their control: timing. Read Full Story

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Shyp’s founder is back with a new kind of shipping startup

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Like Shyp, Airhouse exists to take the pain out of shipping. But its customers are direct-to-consumer brands, and it aims to avoid some of Shyp’s missteps. By the time on-demand delivery startup Shyp collapsed in March 2018, its cofounder and CEO, Kevin Gibbon, was already thinking about his next company. As he told me at the time , he planned to decompress for a couple of weeks and then get to work on it. Read Full Story

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