During the outbreak of the novel coronavirus, information technology can play a major role not only in reducing public panic but also in forecasting trends in the epidemic through big data analysis.
Unicorns are rare. American research firm CB Insights tracked more than 1,100 technology startups which raised their first seed funds from 2008 to 2010, and found that less than half could secure a second round of financing, and that the startup numbers continued to decline with each round. Only 15 percent of the firms could get the fourth round of financing. Meanwhile, there were only 12 companies that could become unicorns, names such as Uber and Airbnb.
Airbnb takes in some lessons from WeWork debacle
Last week, I mentioned two startups — Tink Labs and WeWork — that either crashed or suffered major setbacks last year. Let us now take a look at Airbnb, the home-sharing rental startup that plans to go public this year. The firm’s co-founder and CEO Brian Chesky told an audience at a New York Times forum recently that there are two lessons learnt from the WeWork debacle, which saw the shared workspace provider pulling a planned IPO.