Comment by w1ntermute

This is exactly right - the two categories of businesses that will face hardships are:

- Consumer tech startups that have only produced revenue-free growth (ex: Dropbox and Evernote)

- Startups selling to startups (ex: Mixpanel and Stripe, maybe Zenefits)

On the other hand, a company like Airbnb may benefit from a downturn, as people look to save money on travel.