As the coronavirus pandemic shuts down whole sectors of the economy and cuts equity valuations by trillions of dollars, startups are racing to set up contingency plans, shore up their balance sheets with fresh funds, even appealing to customers to just keep buying. It is a sudden reversal from the decadelong bull market, when abundant capital encouraged aggressive spending to fuel growth. Not only are startup valuations likely to fall drastically, matching the public markets, but many may struggle to raise money just to stay...

Source: Wall Street Journal March 16, 2020 14:46 UTC