The economic fallout from the coronavirus has been devastating already, with jobless claims soaring. In Silicon Valley, the toll isn’t clear yet, but one estimate puts the number of startups that are running out of cash in the thousands.
reporter Mark Sullivan has spoken to a number of founders, investors, and board members to understand the stresses startups are facing. For many of these companies, outliving the virus depends on a factor outside their control: timing. The question of when a startup raised its last round of funding is taking on outsized importance, since companies may not be able to raise more right now. With venture firms going into triage mode and changing the way they invest, some startups may simply run out of runway before the economy picks up again. Read more here