At NVCA, we understand that venture capital powers the American economy, and we advocate that venture is a key component to keeping our economy strong through the COVID-19 pandemic fallout.
American startups are the most innovative companies in the world, and many that are backed by VC are currently using their resources and human capital to combat COVID-19. Large companies often dominate the headlines, but nimble high-growth companies are the ones re-defining the boundaries of science and technology. Some of these companies were previously in the healthcare space and have shifted their attention solely to addressing COVID-19, while others were previously in other sectors and have pivoted to do their part.
Startups are fighting against COVID-19 in communities across the country, demonstrating the rise of emerging startup ecosystems in new cities and states. NVCA sent letters to U.S. House and Senate leadership to highlight efforts by America’s startups to combat COVID-19, and we have highlighted many of these companies backed by our NVCA Members on our Startups Combating COVID tracker.
Check out the infographic below to see the robustness of the startup community and the wide range of industries that these companies represent during the ongoing fight against COVID.
Venture capital isn’t just necessary, it is vital for America’s economic recovery, and as leaders for the VC industry, we stand ready to advocate the power of entrepreneurship.