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CIBC Innovation Banking Podcast

On our #CIBCInnovationEconomy podcast series, hear from leaders, entrepreneurs, experts and venture capitalists about the changing dynamics of the North American innovation economy

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The 2008 Financial Crisis vs. Coronavirus Effects on Tech Start-ups

Photo-Rob Antoniades
Rob Antoniades

Episode Summary

Unlike 12 years ago, today’s start-ups are better positioned to weather the economic effects of COVID-19 if they’ve got this one thing.

Episode Notes

More than a decade ago, the startup world was rocked by the worst recession in a generation. Venture capitalist Rob Antoniades of Information VP believes things are very different this time.

In 2020, COVID-19 presented an external shock to the system, forcing consumers to retreat. That has Antoniades convinced things are different this time around, and entrepreneurs managing startups are more likely to survive as long as they offer a good value proposition, and if they believe in the mantra, “Cash is King.”

CIBC Innovation Banking is a trusted financial partner to entrepreneurs and investors. Get in touch with our team at cibc.com/innovationbanking.

Show Contributors: 

Michael Hainsworth