I watched 3 days of rains in Chennai, India take down all infrastructure including transportation, hospitals, mobile towers, ATMs and credit card machines. In a city of ten million in 3 days even money stopped working. The knock-on effects were disastrous.
In the last 20 years, we have had three global emergencies- 9/11 – Terrorism, the 2008 financial crisis and the COVID-19 Pandemic. Plus, one more if you count the effects of climate change.. In addition, there are innumerable national and local disasters every year. We can name incidents related to fires, hurricanes, floods, earthquakes, tsunamis, nuclear meltdowns, chemical explosions, etc.
What about these problems?
#startup #venturecapital #lifeboatventures #disasters