Chapter
Uncertainty for Businesses during the COVID-19 Shutdown
1:11:36 - 1:18:17 (06:41)
The impact of the COVID-19 shutdown on businesses, particularly startups, is yet to be determined as we potentially face losing another two to four weeks of cash flow. The hope is that IgG tests will soon be available to show a larger number of asymptomatic cases, leading to a calmer public, but the effects on small businesses and their revenue are still unknown.
Clips
It is uncertain how the current COVID-19 shutdown will affect the economy, particularly small businesses that have had their revenue reduced to zero.
1:11:36 - 1:15:13 (03:37)
Summary
It is uncertain how the current COVID-19 shutdown will affect the economy, particularly small businesses that have had their revenue reduced to zero. The hope is to have IgG tests available to show that many people are asymptomatic and that the virus is relatively mild in most cases, easing concerns and allowing businesses to return to normal operations.
ChapterUncertainty for Businesses during the COVID-19 Shutdown
EpisodeE0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The most important thing in a crisis situation is to stay afloat, and this advice applies not only to startups CEOs but also to anyone going through hard times.
1:15:15 - 1:18:17 (03:02)
Summary
The most important thing in a crisis situation is to stay afloat, and this advice applies not only to startups CEOs but also to anyone going through hard times. We are currently in a wait-and-see mode, but with a positive outlook, potential relief rallies may come our way.