#Robinhood just cut its workforce for the second time this year. The wave of layoffs hitting tech is unveiling a simple truth: the whole startup-to-unicorn capitalist model is intrinsically flawed, because it is based on promises that rely on overly optimistic assumptions. 1/
The world is complex. Sh*t happens. Good investors and good managers should know that and prepare for the worst scenario. That clearly wasn't the case at Robinhood and in many other tech companies.
The #Netherlands has around 84 Intensive Care Units. Each of these has on average 15 beds. That makes around 1.260 beds. The percentage of cases who need ICU over active cases of Coronavirus in the world is currently 12,5% on average. 1/5
Assuming that rate will hold in the Netherlands at steady state, the Dutch ICU capacity will be saturated as we approach 10K active cases in the country. If the virus here spreads at the same speed as in Italy, that will happen around the 25th of March, 15 days from now. 2/5
