The headline and article are unnecessarily hyperbolic. It’s not “over” but yes if you’re trying to found a startup with a high burn rate and little prospects to be unit economics positive it’s going to be a rough ride. For new startups the bad ideas will just get filtered out earlier and not get funded. The ones that will have the most pain are later stage startups funded during period of excess that now have little future prospects and with no chance of raising the funds they need to keep going. Thats where we’ll see fire sale acqu-hire M&A activity or just flat out implosions.