COVID-19 pandemic

“And going forward over whatever period of time it takes for us to get to the other side, it'll be the best time in the history of mankind to ever start a business because there are no rules.”

“I don't think we're going to have a V shape where all of a sudden everything's back to normal. I don't even think we're going to have a Nike swoosh shape where we go down lower and then come back up over a little lower slope. I think it's going to be a struggl…”

“I've approached it as it's probably a twelve-month crisis, which then you have additional 12 months of implications. So I kind of saw it through a length of 24 months. That was my approach to this crisis.”

“So unemployment right now is at 20%, or, you know, some people think it'll land at 20 to 30%.”

“So I think the companies that get started in the next years will be companies that wouldn't have been possible if not for this seismic shift. They're going to be responding to very new needs of an increasingly traumatized workforce.”

“And I think that the market conditions in 19, twenty-nineteen and the prior years made us vulnerable to an economic shock like the pandemic produced.”

“We had about a 90% drop in revenues.”

“Our product and edge organization, and even beyond that into management function, people on average reduced their salaries by more than 30% in exchange for shares.”

“Our mobility business had lost 84% of our top line in three weeks. The company was burning billions annually. We didn't have a core business producing cash.”