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E1: US Response to COVID-19 & Impact on Startups, Venture Capital & Public Markets with David Friedberg
All-In with Chamath, Jason, Sacks & Friedberg
Is There a Risk of Backing Out of Deals?
David Weinberger: I'm dealing with about a dozen companies a day who are in this very acute situation. If if youe got a deal on the table, take the moneyand some people do, but most people don't and i'm already seeing people re trading deal terms based and cut and backing out. A runaway makes it nine so that's number one. You have to just make cuts. And better to have four out of five or three out of five employees lose their job and the company be alive to come back and maybe get some stimulus later then to have the company go out of business because you wouldn't make the cuts.
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