Slides from a Nixon Peabody webinar on economic impacts of covid-19 in tech and education.

1. Covid-19 Reflections - Tech, Higher Ed
Jeremy Hitchcock
@jhitchco

2. - What’s different / same?
- Tech
- High education
- Predicting the Future
Intro
Jeremy Hitchcock
@jhitchco

3. What’s Different - Sales Change by Industry

4. What’s Different - E-Commerce Trends

5. Version 1: We hit the floor

6. Version 2: We have a long way to go

7. The 2020 Plan is Gone (or should be thrown out)
- Revenue plan down
- Salary cuts, discretionary spend reductions, staff cuts
- Deferral of payments
- PPP/EIDL loans, unemployment programs, stimulus
Focus on capital efficiency, smart growth, and shut down superfluous activities
What’s the Same - General

8. - Social Distancing
- Remote instruction for kids/students (new)
- Home office collaboration (new)
- Leadership and human capital are more valuable
- Humans are social creatures
- No restaurants/bars/games/birthday
- Family happily hour
- State and local revenues are in trouble
What’s the Same - Home/Social

9. Take a Breath
State of New Hampshire March 2020 Revenues

10. Tech

11. - VCs issued standard play book
- “Open for business” - making deals?
- Bridge loans are challenging
- Good companies will have to pay capital
- Great business in the right industry do fine
- Premium grow for the best companies
R.I.P. Good Times

12. Huge Disruption in Tech

13. Equity Financing in Tech Will Be Challenged

14. Higher Education

15. Greatest Migration of People Ever

16. Demographics Shifting
https://bryanalexander.org/demographics/the-most-important-book-about-american-high
er-education-in-2018/
Forecasted Change in High School Graduates
2012-2032

17. - Demographics have already pushed schools
- Net-revenue / tuition challenges ($60,000 a year)
- Massive gap year?
- Less migration of students
- Huge opportunity for employer training programs
- Not a death for higher education but permanent scar
Higher Education

18. Predicting the Future

19. - Overestimate short-term & underestimate long term
- Home/teleworking becomes a pillar in workforce
- Unemployment will be high
- Available talent will not be evenly trained
- Main Street America highly injured
Predicting the Future

20. What’s Going to Change?

21. - Train yourself on digital tools
- Public health checks - TSA from 9/11
- Cybersecurity and new threats
- Home offices will see huge investment
- Minim Remote Employees
Digital, Digital, Digital

22. - Be a leader - keep smiling - do your job
- Routines/rituals are helpful (and not the same as before)
- Mental health, emotional toll, solitary confinement
- Social circles will likely change
- Be human, support your team and your family
- Celebrate wins and invest in the transition
PSA: What Can I/We Do?

23. Thanks and Remember