Mary Meeker, who is known for her lengthy annual "Internet Trends" report, sent a letter to her firm's investors detailing observations from the Covid-19 crisis.
Among them: The businesses who were already well along the offline-to-online transition are faring best.Mary Meeker, the former tech investment banker who has spent the past decade in venture capital, is out with a new 29-page report on how the coronavirus is shaping economic activity, consumer behavior and technology.
Those dynamics are at work for restaurants, stores, online education, health providers and software companies. "Many of these offline-to-online trends have been in place for a while," the report says. "Covid-19 just accelerated them." In the world of on-demand services, which has raked in tens of billions of dollars in capital in recent years, fortunes are split.
Dollar worth of commentary
It's always been crucial to business to stay on top of current trends. COVID19 just shined the spotlight on companies that don't have a quality online strategy. This should be seen as an opportunity for growth.
News flash
No sht Sherlock!