Happy New Year! Remember where we were a year ago? I don’t either. What I do know is that the tech community largely persevered in 2020, while many small businesses struggled. What I’m most proud of is how our ecosystem leaned in to help those who are struggling. Whether it’s to provide resources, donate to help furloughed workers, distribute food with the San Diego Food Bank, check in on a friend, buy from a local store or restaurant, thank you. We’re going to need a lot more of this to get through 2021 too. Don’t let up.
Now some more good news for our tech ecosystem. From helping small businesses digitize to pivoting with the times, San Diego startups brought in over $5 billion in investment capital in 2020. This is a record breaking year by far, including significant funds raised by our software/tech companies. With the public markets doing well despite uncertainty, expect to see some actual IPOs, SPACs, and direct listings of our local companies too, including recent Petco, Nuvve, and Flux Power.
Here’s to our strength, fortitude, and prosperity in 2021. Let’s help each other out by making sure we all succeed! ????????