\"We'll see some very exciting companies born out of this crisis,\" Zubair Paracha, the founder of media company MenaBytes, which covers funding and start-ups in the region, told The National. \"Start-ups in Mena - just like the rest of the world - will now have to focus more on unit economics and building sustainable businesses than anything else. \"There's a lot of talk around valuations taking a hit. I think that's obviously going to happen but at pre-seed and seed stage, we'll continue to see start-ups with exceptional teams raise money at very high valuations.\" At a recent Finimize event, hosted on Zoom, on the future of the start-up and venture capital scene, Gaurav Dhar, chief executive of payment technology company Marshal, echoed those thoughts, but praised Hub71 for how it has supported its start-ups during this uncertain time. “You are going to see a lot of start-ups fail, and then a lot coming out of nowhere,” he said. “Hub71 has moved itself extremely quickly to ensure it can support all parts of a start-up’s lifecycle, I’ve been hearing good feedback there,” he added.","publisher":{"@type":"Organization","name":"The National","url":"https://www.thenationalnews.com","logo":{"@type":"ImageObject","url":"https://www.thenationalnews.com/pf/resources/images/logo_rectangle.png?d=284"}},"articleSection":"Technology","keywords":["Future","Special Pages","Coronavirus","Article"],"description":"Hub71 says continuing support for 51 companies based there to be evaluated on a monthly basis","thumbnailUrl":"https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/ZFVrH3W731PxDQhLQvC2iN2iQuY=/400x267/filters:format(jpg):quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/thenational/DMOCKCTLUVACTNRL7AF4G6VARY.jpg","mainEntityOfPage":{"@type":"WebPage","@id":"https://www.thenationalnews.com/business/technology/coronavirus-abu-dhabi-hub-to-cover-start-ups-office-rent-and-housing-costs-for-two-months-1.1022411"}}