Most companies got hit hard, but the ones that survived have all thrived since then. It was definitely an extinction-level event for 90%+ startups it not more,

Most companies got hit hard, but the ones that survived have all thrived since then. It was definitely an extinction-level event for 90%+ startups it not more, and I think something similar will occur in 2016. It will be interested to see how many of the YC companies survive 2016.