> The startups ecosystem will suffer extensive and catastrophic damage. These a feature, not a bug of how the startup ecosystem works. > The funding ecosystem

> The startups ecosystem will suffer extensive and catastrophic damage. These a feature, not a bug of how the startup ecosystem works. > The funding ecosystem will be set back years as this wipes out a bunch of VCs and investors. Once again, a feature. There's too many VCs and too many funds. > the likes of which we haven’t seen since financial firms imploded in 2008. Institutional financials firms dwarf VC private capital. This alarmist comment makes it sound like a nuke going off in a Nevada desert is going to kill a major US city.