This. I was in a fintech/payments startup that actually survived the initial 2000 tech crash... had found product-maket fit and were closing major customer dea

This. I was in a fintech/payments startup that actually survived the initial 2000 tech crash... had found product-maket fit and were closing major customer deals with Banks . But we still substantially cash flow negative (payment networks are great scale economy business but take time to ramp) and in process to raise another ~18 month runway... when sept 11 hit. After which all funders dried up. Years later, that same product we built did become hugely successful, under new ownership. This after the startup was sold in a firesale and all founder/employee equity was wiped out and everyone laid off. Not that unusual a story in startup land, but one were going to see more of this year. Weak business as well as viable ones, all thrown out with the bathwater when a severe economic shock hits.