Too Long; Didn't Read
Sequoia Capital warned its portfolio companies in a memo titled “Coronavirus: The Black Swan of 2020” The memo was sent to its portfolio portfolio companies, including Airbnb, Evernote, and MongoDB, in a bid to offer guidance as to how they can navigate this coronavirus outbreak. The memo immediately drew attention to many pressing issues startups can face as the effect of the virus ripples around the world. In the U.S., where the Trump administration has moved from “containment” to “mitigation”, tech earnings have been impacted.