The rise and fall of tech companies have inspired countless theories about the drivers of success and failure in the fast-moving world of startups.

Take a look at these eight laws that contain some of the most influential ideas that tech companies use to run operations, design business models, and build products.

Brett Fox, an executive coach, presents best practices for startup leadership during the crisis:
  • Be transparent with your team.
  • Over-communicate with your team. Update them every day.
  • Anticipate questions your team is likely to ask.
  • Make plans for your team to work from home indefinitely.
  • Consider unlimited sick time.
  • Only have essential personnel come into the office.
  • Reduce your spending.
  • Make sure you have essential supplies, so you don’t get caught short.

Expect the post-pandemic workplace to shift in the following ways:

  • Full digital transformation, supported by a truly virtual workforce.
  • Focus on outputs versus face time.
  • Respect for a work-life blend.
  • Stronger communications.
  • Increased trust, transparency and empathy.
Kristin Wilson shares how remote work will transform our lives:
  • We will see a brain drain away from cities for the first time in generations.
  • Fewer people will commute, and traffic patterns will normalize.
  • Housing markets will crash and shift.
  • Increased demand for flexible workspaces over fixed workspaces.
  • The balance of power will shift from employer to employee.
  • Consumptions patterns will shift from material goods to experiences.
  • The global middle class should grow.
  • Traditional universities will lose value.
  • The global financial landscape will change.
  • We will have a global citizenship/taxation system.

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Funding and Acquisitions

Uber led a $170 million investment round in electric scooter and bike rental company LimeUber will transition operations of Jump, its own electric bike and scooter division over to Lime. The announcement comes after a rough couple of months for urban transportation. The pandemic-driven global lockdown has reduced demand for scooters and ride-hailing services.
Zoom has acquired security startup Keybase to add end-to-end encryption to video calls, the first purchase in the company’s nine-year history. With in-person dealmaking off the table because of social distancing requirements, the negotiations took place over Zoom video calls.
Waymo has raised $750 million for its self-driving technology, expanding the size of its first external investment round to $3 billion. Waymo CEO John Krafcik noted that COVID-19 has underscored the need for how fully self-driving technology can provide safe and hygienic personal mobility and delivery services.
Covariant, an industrial robotics AI startup, announced a $40 million Series B funding round. The robotics company is building universal artificial intelligence that enables robots to see, reason, and act autonomously in the real world. The funding will help bring its robotic control systems to new industries and create more systems capable of picking, placing, and unloading objects in warehouses.
DispatchTrack, a last-mile logistics platform, has closed a $144 million investment. Consumers are shopping at unprecedented levels online and getting items brought directly to their homes.