Well, one thing a recession and resulting drop in ad revenue will do is slow down acquisitions by large public companies of small private companies that are sti

Well, one thing a recession and resulting drop in ad revenue will do is slow down acquisitions by large public companies of small private companies that are still experiencing 'notional' revenue (ie with no business model). Startups that are built on a feature rather than a business will find it harder to identify any takers. And less startups being bought will result in less entrepreneurs taking the plunge to start... not so much a collapse of the startup ecosystem, but a localized minimum inside of it.