“Anthony Fauci, the longtime director of the National Institute of Allergy and Infectious Diseases (N.I.A.I.D.), spoke up. “A vaccine that you make and start testing in a year is not a vaccine that’s deployable,” he said. The earliest it would be deployable, Fauci added, is “in a year to a year and a half, no matter how fast you go.”
I can’t see why this wouldn’t be the biggest crash for 50 years.
All the other ones were largely human caused and largely controlled by sentiment, and did not cause everyone around the world to avoid contact with everyone else.
This will last until a vaccine is developed which might take 12-18 months and in the meantime many many businesses will die around the world.
The domino effects will be huge. Remember that lots of people and companies are up to their eyeballs in debt, what if that starts to run out of control with bad debt everywhere cause businesses and people are bankrupt?
This is very long term and very damaging to all economies and there’s not really much governments can do to change people’s behaviour.
This one is caused by sentiment, but that sentiment is driven by a virus which is out of human control. Unlike for example a war, which can be controlled by politicians.
Thar’s a big one blowin in, batten down the hatches.
People seem to become really attached to the validation from YC.
Getting into an incubator or getting money from investors is zero measure of business success. Business success is users and growth and revenue.
Whether YC blesses you is also zero reflection on you as a person. Rejection by YC means nothing at all.
I think business is about trying to make money, it’s not about YC and funding and the scene and investment rounds and hyper growth and beers after work and been seen as one of the cool kids.
Head down, work, balanced lifestyle, try to make something small succeed on your own.
The biggest expense renters typically have is ..... rent. And for many businesses it’s a major expense too.
Governments are desperately coming up with financial support packages for what? To give to landlords?