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Did your investors give some justification for the 2 year time span? For example, did they account for the possibility that many business won't open until Septe

Did your investors give some justification for the 2 year time span? For example, did they account for the possibility that many business won't open until September, or a second wave of infection that will hit late fall, followed by say, recession in full swing all of 2021.

Marsymars 7y ago
I expect they're basing two years on the time a vaccine will take to get to market, and judging that everything that happens prior to then won't help much.
- ageofwant 7y ago
  Getting a vaccine is not a given. We don't have a SARS, MERS or HIV vaccines, and its been multiple decades for some of those. Having a SARS-CoV2 vaccine in two years is wildly optimistic.
SpicyLemonZest 7y ago
It's known that some businesses won't open until September - that's the current target for sports stadiums, for example. Even after September, there will be a lot of unknowns with massive economic implications. Will cruising recover in 1 year, or in 10 years? How much more friction will there be on international travel, and for how long? What's the risk of a coronavirus resurgence, both globally and locally? How different will the new crop of small businesses be from the ones that got eliminated in the shutdown? If you're going to give a startup huge chunks of cash, you need a high degree of confidence in the mid-term future, and in most areas that won't be available for a while.
- rswail 7y ago
  I hope cruising only recovers with big reforms including: * Cruise firms pay their taxes and aren't allowed to use flags of convenience * They're required to look after and pay their staff properly * They're required to dramatically improve their fuel usage and efficiency * They're required to protect the environment, in particular their mooring and waste disposal practices * They're required to improve their onboard sanitation so that the spread of noroviruses, bacterial infections and other transmission is much better filtered and controlled.
  - ericd 7y ago
    I hope it doesn't, it's fundamentally at odds with solving climate change, which is potentially a battle for our survival. For moving hotels.
  - tonyedgecombe 7y ago
    I have no clue about most businesses but I'm pretty sure the cruise industry is going to be decimated by this.

Marsymars 7y ago

I expect they're basing two years on the time a vaccine will take to get to market, and judging that everything that happens prior to then won't help much.

ageofwant 7y ago
Getting a vaccine is not a given. We don't have a SARS, MERS or HIV vaccines, and its been multiple decades for some of those. Having a SARS-CoV2 vaccine in two years is wildly optimistic.

SpicyLemonZest 7y ago

It's known that some businesses won't open until September - that's the current target for sports stadiums, for example. Even after September, there will be a lot of unknowns with massive economic implications. Will cruising recover in 1 year, or in 10 years? How much more friction will there be on international travel, and for how long? What's the risk of a coronavirus resurgence, both globally and locally? How different will the new crop of small businesses be from the ones that got eliminated in the shutdown? If you're going to give a startup huge chunks of cash, you need a high degree of confidence in the mid-term future, and in most areas that won't be available for a while.

rswail 7y ago
I hope cruising only recovers with big reforms including: * Cruise firms pay their taxes and aren't allowed to use flags of convenience * They're required to look after and pay their staff properly * They're required to dramatically improve their fuel usage and efficiency * They're required to protect the environment, in particular their mooring and waste disposal practices * They're required to improve their onboard sanitation so that the spread of noroviruses, bacterial infections and other transmission is much better filtered and controlled.
- ericd 7y ago
  I hope it doesn't, it's fundamentally at odds with solving climate change, which is potentially a battle for our survival. For moving hotels.
- tonyedgecombe 7y ago
  I have no clue about most businesses but I'm pretty sure the cruise industry is going to be decimated by this.