Startups are pummeled in the ‘great unwinding’

Re:Startups are pummeled in the ‘great unwinding’ by xiaolingxiao on Saturday April 04, 2020 @05:17PM (#22781582)

Did your investors give some justification for the 2 year time span? For example, did they account for the possibility that many business won't open until September, or a second wave of infection that will hit late fall, followed by say, recession in full swing all of 2021.

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Re:Startups are pummeled in the ‘great unwinding’ by SpicyLemonZest on Saturday April 04, 2020 @10:20PM (#22783223)

It's known that some businesses won't open until September - that's the current target for sports stadiums, for example.

Even after September, there will be a lot of unknowns with massive economic implications. Will cruising recover in 1 year, or in 10 years? How much more friction will there be on international travel, and for how long? What's the risk of a coronavirus resurgence, both globally and locally? How different will the new crop of small businesses be from the ones that got eliminated in the shutdown? If you're going to give a startup huge chunks of cash, you need a high degree of confidence in the mid-term future, and in most areas that won't be available for a while.

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Re:Startups are pummeled in the ‘great unwinding’ by rswail on Sunday April 05, 2020 @02:08AM (#22784059)

I hope cruising only recovers with big reforms including:

* Cruise firms pay their taxes and aren't allowed to use flags of convenience

* They're required to look after and pay their staff properly

* They're required to dramatically improve their fuel usage and efficiency

* They're required to protect the environment, in particular their mooring and waste disposal practices

* They're required to improve their onboard sanitation so that the spread of noroviruses, bacterial infections and other transmission is much better filtered and controlled.

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Re:Startups are pummeled in the ‘great unwinding’ by ericd on Sunday April 05, 2020 @04:14AM (#22784435)

I hope it doesn't, it's fundamentally at odds with solving climate change, which is potentially a battle for our survival. For moving hotels.

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Re:Startups are pummeled in the ‘great unwinding’ by tonyedgecombe on Sunday April 05, 2020 @05:37AM (#22784727)

I have no clue about most businesses but I'm pretty sure the cruise industry is going to be decimated by this.

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Re:Startups are pummeled in the ‘great unwinding’ by Marsymars on Saturday April 04, 2020 @06:22PM (#22782024)

I expect they're basing two years on the time a vaccine will take to get to market, and judging that everything that happens prior to then won't help much.

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Re:Startups are pummeled in the ‘great unwinding’ by ageofwant on Sunday April 05, 2020 @04:53AM (#22784577)

Getting a vaccine is not a given. We don't have a SARS, MERS or HIV vaccines, and its been multiple decades for some of those. Having a SARS-CoV2 vaccine in two years is wildly optimistic.

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