Coronavirus is just accelerating the market correction in startups that was already underway. In the end it may actually do some good to just pull the bandaid off fast.

This is just the next wave in the cycle and those of us that have been around a few years know what to expect. Those that haven’t been though this before or are in denial will learn the hard way.

Nobody cares about your pumped up valuation anymore. If anything pumped up valuations only hurt you in times like these. Options become worthless and early investors don’t want to take a hit at the benefit of others that come in on a severe (down 50+%) down round. What people do care about is how much cash you have and what your burn rate is. Cash is king.

Getting new cash will mean making it with old fashioned revenue and profit. If you can’t do that your days are likely numbered.