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Look: you just got slammed with ~10 mil unemployment in the USA. Call it 10% of workforce. Most developed countries are now running at 15-30% and it's about to
by invertY 7y ago
Look: you just got slammed with ~10 mil unemployment in the USA. Call it 10% of workforce. Most developed countries are now running at 15-30% and it's about to get worse.
Entire industries are pretty much relying on bailouts or they fold (leisure, air (non-freight), cruise, hospitality, restaurants) and the people who own the real estate (or lend it out, Reits / Mortgages) are going to get hit by their tenants / clients being unable to pay.
You're not in the "ramp to land" scenario - you're in "this VC is going to look at the contract and claw back the largest % of capital they can, in the next 4 weeks, due to margin calls and other commitments".
Anyhow: no-one will read this, but it's fair warning to you guys. You're about to get frack'd, hard.
- ThrowawayR2 7y agoPlease review the HN guidelines linked at the bottom of the page. I think the combative tone and the mention of downvotes, both of which are against the guidelines and are actively enforced by moderators and readers, is contributing to your karma woes more than the content of what you are saying. (For whatever little it's worth, I suspect your assessment is correct.)
- torgian 7y agoAgreeed.
- leonroy 7y agoYour comment is insightful - enough that I shared it with my biz partner but yeah I’d tone it down and keep posting, important to avoid herd opinions.