{"id":29737,"date":"2020-05-04T12:00:00","date_gmt":"2020-05-04T10:00:00","guid":{"rendered":"https:\/\/www.fundacionbankinter.org\/noticias\/how-has-covid-19-affected-the-startup-ecosystem\/"},"modified":"2020-05-04T12:00:00","modified_gmt":"2020-05-04T10:00:00","slug":"how-has-covid-19-affected-the-startup-ecosystem","status":"publish","type":"noticias","link":"https:\/\/www.fundacionbankinter.org\/en\/news\/how-has-covid-19-affected-the-startup-ecosystem\/","title":{"rendered":"How has Covid-19 affected the startup ecosystem?"},"content":{"rendered":"

The Bankinter Innovation Foundation has presented the report “Investment trends in Spain Q1 2020”,<\/a><\/strong> which includes the results of investment in startups for the first quarter of the year in the startup ecosystem in Spain. As it only covers up to March, the impact of the Covid-19 crisis is not significantly captured, so we have carried out a survey, <\/strong>included in the report, of the startup ecosystem to find out the point of view of entrepreneurs and investors.<\/strong> <\/p>\n

These are its main conclusions<\/p>\n

    \n
  1. The level of concern among investors and entrepreneurs is high. They believe that the impact of the situation will be prolonged.<\/strong>
    \nThere is significant concern about the impact of the situation, since on a scale of 1 to 5 (with 1 being “Not at all concerned” and 5 “Very worried”), 78.2% of startup founders and 75% of investors indicate a level of 4 or 5. In addition, 59.87% do not believe that we will return to a normal situation before 2021<\/strong>, while 34.21% consider that the return to normality will happen between autumn and winter <\/li>\n
  2. 85% of the entrepreneurs in the round have been affected in some way.<\/strong>
    \nOf the founders who were in the process of raising a round, 60.71% stated that the operation had slowed down<\/strong>, 25% indicated that the round had not finally been carried out while 14.29% indicated that the round had been closed unchanged.<\/li>\n
  3. Half of startup founders will maintain or increase their teams. <\/strong>
    \nIf we ask the founders, 50.6% have reduced or are thinking of reducing the team, while 49.4% indicate that they plan to keep the team (37.35%) or increase it (12.05%). When asked what percentage of their investees are planning to reduce their team, 40% of investors indicate that more than 80% of their investees are going to reduce or have reduced their teams. <\/li>\n
  4. There is a consensus among investors and entrepreneurs that startup valuations are going to fall by between 20 and 60%.<\/strong>
    \nRegarding the valuations of the operations in the next 12 months, 61.54% of those surveyed believe that the valuations will fall between 40% and 60%, while 16.79% believe that they will remain the same or grow. In this case, there is a certain consensus among investors, in which 86.67% estimate that fall between 20% and 60%. <\/li>\n
  5. The vast majority of respondents believe it’s time to prioritize revenue over growth.<\/strong>
    \nFaced with this situation, 72.3% of those surveyed indicate that they plan to prioritize income over growth from now on, although 67.13% believe that their income will decrease, compared to 32.87% who believe that it will remain the same or grow.<\/li>\n
  6. Remote work is consolidating and only 13% consider returning to the office without any changes.<\/strong>
    \n48.92% will increase the percentage of the team that works remotely, while 14.13% declare that they will explore the option of working 100% remotely. On the other hand, only 13.04% consider returning to work in the offices without changes. <\/li>\n<\/ol>\n

    \"\"<\/a><\/p>\n

    You can access the full results of the survey in the report “Investment trends in Spain Q1 2020”<\/a> that you will find on our website.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    The report “Investment trends in Spain Q1 2020” includes the results of the survey launched to the startup ecosystem to find out how Covid-19 is affecting them.<\/p>\n","protected":false},"featured_media":5847,"template":"","meta":{"_acf_changed":false,"_oaas_summary":"","_oaas_audio_url":""},"categories":[193],"class_list":["post-29737","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","category-social-transformation"],"acf":[],"yoast_head":"\nThe startup ecosystem in the face of the pandemic<\/title>\n<meta name=\"description\" content=\"Investment trends in Spain Q1 2020, analysis of investment in the first quarter of 2020 in the startup ecosystem in Spain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundacionbankinter.org\/en\/news\/how-has-covid-19-affected-the-startup-ecosystem\/\" \/>\n<meta property=\"og:locale\" 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