If there’s a sector at the center of our new COVID-19 reality, it’s technology. Social distancing and lockdowns met online payments, video conferencing, working from home, and distance learning. From end to end, technology is the new office furniture and schoolhouse. And while necessity forces innovation today, the pandemic is perhaps changing how we will conduct our daily lives even after the world returns to whatever becomes normal.
Venture capital and M&A activity may have slowed across some sectors during this economic disruption, but we continued to see deals done in the tech sector at volumes consistent with before the pandemic. And moving forward, we expect even investors who may have steered away from what could have been perceived as mature verticals to show renewed interest as we uncover new consumer demands creating perhaps some unanticipated opportunities.