Recession and Startups
6d
466 Comments
It seems like the economic environment is precarious and you keep getting these cautionary tales of a looming recession.
If a recession does hit which kind of startups would be most impacted
#startup #recession
comments
Weβre at .25 now and much more mature companies. Those in ARKK..thatβs a different story but look how much itβs down from ATH already.
We have a 75% beat rate earnings. I think the market is more bullish than ppl give it credit for
I see all of this to be very analogous to the growing pains the internet experienced in the 90s where there were 10-15 competing protocols for sending packets but the world eventually figured out standards and interoperability. That is exactly what will happen with Web3 in the next few years.
On the crypto side I see the meme coins and speculation as being analogous to the 100s of dotcoms that sprung up in 1998-99 but never made it to 2000 and beyond. Meanwhile βdotcomsβ that had sound business models behind the βwebsiteβ like amazon and Netflix did survive and more than thrive. This exact thing will play out with web3 and crypto.
Biotech (and now supply chain) tend to do well during this time. A lot of acquisitions usually happen