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Startup Genome: The coronavirus is hurting global startup investments
April 21, 2020
The world has been shaken up by the coronavirus, and the global startup community is no exception. Startup Genome has issued the first installment of reports that it plans to do on how startups are being affected since the onset of COVID-19.
Chinese venture capital deals fell 50 to 57 percentage points (approximately $28 billion) in the first two months of the year, while 82 startups have laid off a total of 7,000 employees since the coronavirus was declared a pandemic on March 11.