Tackling COVID-19 in Africa – “If leaders across sectors translate their already proven resolve into more targeted, collaborative action in the coming weeks, we believe they can make significant progress in mitigating the economic impact of the pandemic—and safeguarding economies and livelihoods.”
What If D.C.’s Black-Owned Restaurants Can’t Recover From the Effects of COVID-19? – ““black women have been creating equitable and sustainable businesses since the birth of the nation…somewhere along the way we have dimmed our collective power to be seen in spaces that don’t matter.””
What Dr Doom told me about the coming recession – “People initially said ‘Is this going to be a V-shaped recovery or is it going to be a U with a gradual recovery or is it going to be an L with stagnation or a W, a double dip?’ It is not a V. It is not a U. It is not an L. It is not a W. It is an I. A straight line down. Output is down. Consumption is down. Capex is down. Residential investment is down. Exports are down. Imports are down.”
‘A perfect storm for first time managers,’ say VCs with their own shops – “You need to find people who are going to back you because they think this is a good idea and who aren’t quite so orthodox in terms of what they want to see in terms partner composition and all that.”
Telehealth Startup Launches Platform to Treat Coronavirus Patients Remotely – – “The beauty of 4D is that long after the pandemic ends, we are a viable long-term solution for managing patients at home.”
What if coronavirus is an opportunity for African economies? – “The Burkinabé historian Joseph Ki-Zerbo said: “You shouldn’t sleep on other people’s mats, as it’s like sleeping on the ground.””
Which Investor Cohorts Pulled Back The Most In 2008 – “However, venture firms are well situated to take advantage of a different market; with funds to invest, less competition for deals, a clearing of the decks as competitors fail and lower valuations.”
Start-Ups Are Pummeled in the ‘Great Unwinding’ – “In many ways it’s energizing, but it’s also quite chaotic,” said Francis Davidson, chief executive of Sonder, which raised $345 million in funding and was valued at $1.1 billion. He said his investors had advised him to cut fast and deep to allow employees to hit the job market before things got worse and to avoid multiple rounds of layoffs.
Jim Clyburn changed everything for Joe Biden’s campaign. He’s been a political force for a long time. (paywall) – “Putting it another way, Clyburn quotes his friend Andrew Young, the former ambassador and civil rights leader, who “used to say all the time that black folks have the best antenna.””
‘He’s Going to Do Whatever He Wants’ – Svrcek went even further, saying Falwell misled her “to believe that the school was … abandoning plans to invite students back into residence halls following spring break.