April 23, 2020
Original image by Ben Sweet / Unsplash
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Today: Identity authentication is more important than ever, what we've learnt from earnings so far, and what might happen to all those laid-off tech workers.
As of 4:15 a.m. PDT: Nasdaq Futures: 0.03% | Euro 600: 0.28% | Nikkei: 1.52% | Hang Seng: 0.35%
There's obviously huge demand in certain sectors right now, such as payments, telemedicine, and the public sector. But things are actually accelerating across the board.
Increased relevance made raising fairly seamless for the companies, it seems.
The next big thing, at least for ForgeRock, is a potential IPO. Rosch said the company is set on maintaining growth to achieve that, but conceded that he's "being more cautious with how we're spending money."
A bevy of new earnings reports were published yesterday and this morning, which offer some new insight into the state of the tech industry. Here's what you need to know.
In Sifted this morning, Roxanne Varza, director of Paris startup campus Station F, said "now is the best time to launch a tech startup." One bit in particular jumped out at me: She said that the volume of layoffs at the moment means "it's potentially a great time to build a team." But it will be interesting to see if talent gravitates toward the kind of steady, reliable income that Big Tech can provide over the inherent risk of joining a startup. I expect the likes of Apple and Google may find their hiring managers inundated in the coming weeks.