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AFR - Apocalypse postponed: Start-up investors count the COVID costs
By Paul Smith and Yolanda Redrup
Apocalypse postponed: Start-up investors count the COVID costs
Australia's biggest VC funds reveal the job losses and revenue hits suffered by their portfolio companies, saying there was less carnage than initially feared.
Job losses across Australia's tech start-up sector have not hit the dizzying heights feared at the start of COVID-19 lockdown, with some of the biggest investors praising government support for preventing a bloodbath, but worries remain about a second wave of turmoil when JobKeeper payments end later this year.