Article's premise is right but they primarily used start-ups in the travel and transportation space for examples of insane revenue drop. If people are sheltering no one is gonna be using these services. So, it's really not surprising.

The longer term impact is going to be the lack of funding in the coming couple of years and lack of customers for the services/products coming out of startups.

How will VC funds fair in this? Are there enough LPs out there willing to put their money into this risk pool?