‘Zero budget’: A VC who bet on smart mobility startups like Lime and Getaround says the lockdown is destroying revenue and he’s telling startups to prepare for the worst.
NGP Capital's managing partner Paul Asel says that the smart mobility industry has taken an especially harsh hit from the coronavirus, causing startup revenues to drop anywhere between 50% to 100%.As venture capitalists begin to pull back on new funding rounds, NGP Capital has already begun increasing its reserves in…
bubmagApril 14, 2020