Ikove Insights

Ikove Q1 2023 Update - Startup Nursery Highlights

Heading into the fourth quarter of 2022, we continue to observe significant economic changes and political tensions.

Ikove Q4 Update Review.

Despite an initial surge in COVID-19 cases and deaths in the beginning of the year, it is reassuring to see numbers for both decrease to more manageable levels. With the majority of the world vaccinated (upward of 64%), we see a loosening of COVID-19 restrictions across the board.

As we progress through this tumultuous year, we continue to see similar themes play out and even intensify across the economic and political world.

After closing out this rollercoaster ride of a year, we are happy to announce that 2021 proved to be successful for Ikove, despite the significant economic, political, and health-related turmoil affecting most of the world.

Q3 2021 has seen the continuation of higher-than-average levels of inflation, along with a slowdown in economic growth. Some fear an environment of stagflation is at hand, but given the record levels of funding and liquidity, we expect this impact to be temporary as supply constraints eventually ease due to the Pandemic.

The US has entered a new phase of the pandemic with President Biden just missing his target of 70% of adults getting at least one dose of the vaccine by July 4th. Hard hit states like New York have reached over 50% vaccination rates while other states, particularly in the south, having a slower pace of vaccinations and are lagging significantly.

The COVID-19 pandemic entered a new phase, it has now become a race between vaccinations and new cases. With 31 million reported cases in the US and 555 thousand deaths, the race to vaccinate and reduce the impact of new variants is crucial.

The COVID-19 pandemic has proven relentless, and unfortunately, our worst fears have materialized. Since bringing infections somewhat under control during the summer, we started to see a resurgence towards the end of Q3 and into Q4.

As we look back to Q2, we want to take a moment to reflect on deep social divides that have come to the fore with the pandemic and have become a centerpiece of discussion since the death of Mr. Floyd.

As we enter the last quarter of 2020, the US and the world have crossed grim milestones with COVID. With over eight million cases in the US and thirty-nine million worldwide, and over two hundred thousand deaths in the US and over one million worldwide, the human price of this pandemic is mind-boggling.

As Q1 2020 is behind us, we are writing this update from our homes. It is hard to believe the events that have transpired and the huge impact they have had in our day to day lives. With over 4 million people infected globally, and over 272,000 deaths, our thoughts, and prayers are with all impacted.