Startups are likely the most hard hit by this next recession, no matter the industry, mainly due to the higher interest rate environment clobbering discounted

Startups are likely the most hard hit by this next recession, no matter the industry, mainly due to the higher interest rate environment clobbering discounted future cash flows of these largely money-losing startup companies. No more magical vc cash fountains to bail them out for awhile. Perhaps a bootstrapped startup with actual profits might make more sense?