“What is our core competency and what will the world look like post-Covid? We’re still not sure if it will be a big success,” says David Soong, co-founder of Indonesia-based photography startup Sweet Escape. The artificial intelligence (AI)-driven platform connects photographers with customers who want professional photos.
Survival. Sustainability. Cost-cutting. The startup tenet of ‘growth at all costs’ has given way to less ambitious targets in the aftermath of the coronavirus pandemic. Everyone is re-evaluating their plans.
Startups of all sizes and growth stages have been forced to go on the backfoot after the pandemic hit.