The COVID-19 pandemic has created an uncertain landscape for millions of British small businesses, which is going to make it very challenging for them to survive. Together we can help them.
We are asking for your support for the creation of a global distressed company real-time tracker due to the expected impact of COVID-19 and the foreseeable economic downturn on businesses. It is our responsibility at Autopsy, to make this data transparent to the public alongside our thriving online-community of entrepreneurs, startups and investors.
The tracker will enable us to spot financially distressed companies not just in the current climate but subsequently future economic climates due to the data we can obtain at a rapid pace. To in turn, attract institutions and individuals who are willing to help to avoid such companies going into administration.
As part of giving back to companies struggling throughout this period, we will be conducting a series of interviews with companies that have pivoted their businesses to become resilient in response to the pandemic and successfully survive prosperously throughout this time. This will form a part of a open source COVID-19 Business Resilience Handbook to be shared amongst our 13k email subscribers, made public to viewers of the tracker and pushed throughout our wider partner channels in the ecosystem.
To do this, we are asking you to consider funding the build of the tracker that we wish to launch in the coming weeks/months to showcase the impact of the pandemic on businesses and try to save some in the process.
What data are we showing?
During times of economic uncertainty and a pandemic that has placed the world into lockdown. It is inevitable for businesses to be impacted particularly in industries such as travel, hospitality and retail. We will be capturing and displaying companies that fit the following 3 categories, as outlined below.
Relevant use cases and how we are addressing their needs in the current economic climate:
Data making the performance of businesses across major international markets transparent is of paramount importance to (a) show the impact of the pandemic and recession and (b) bring attention to companies that need help.
We are a data and research company that captures and analyses information on firms which have failed (company historical data) and those in zombie status (distressed company data). From our growing database, we have been able to construct an efficient data methodology and acquisition, to give insights to the likes of VCs, PEs and corporate ventures to enhance their investment decision-making process and their workings with startups.
While many data platforms have focused on collecting data on successful firms, the resulting survivor bias creates fundamental problems for any resultant findings. We seek to overcome this by also collecting information of firms which have failed and spotting those that are distressed, to help avoid common pitfalls through pattern recognition.