Lucid Lab Co-Founder: This Is The Worst Possible Time To Raise Capital

  • As it turned out, people were still buying beer, wine, toilet paper, soap, and toothpaste albeit less frequently and with higher sensitivity to price.
  • Consumers will likely buy products that are priced at the lower end of the market while purchasing less frequently.
  • On the development side, we anticipate investors to pause on new investments into the sector as they shore up capital reserves until there is more stability in the overall market.
  • With respect to projects that have already been funded, or are already under construction, we anticipate these projects will continue with a higher focus on remaining on budget and potentially slightly over time due to a reduced workforce in many places.

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