I thought the title – The Perfect Storm, after an favourite old movie of mine, was the most apt way to describe this recent crisis. Furthermore, earlier last week, Sequoia Capital sent out a memo to the leaders of its investment portfolio companies warning them of the Black Swan of 2020 and to ensure that they are ready for it.
What initially started with a thinking that the coronavirus would just be mostly contained within China has started spreading outside of China now. As can be seen in the chart below, the number of new cases in China has somewhat peaked already on 4th Feb with 3,887 new cases and has gradually started dwindling down to 44 cases 7th Feb. Looking at the trend, one would notice that the increase has pretty much plateaued in China.
I have written quite extensively on my thoughts on the