Most countries are very far from being bankrupt. We haven't been in a recession in a quite some time (more than a year ago). While there are lingering concerns over a couple of specific countries, economic news has been mostly pretty bright for quite some time.
Jobs, particularly labor jobs, continue to be a really big issue. Lets not be hyperbolic, however.
Also, lets keep this in perspective. The amount of money totally invested in startups is (in the scheme of things) pretty small. So yes those endowments and pension funds stand to lose, but not a lot (they tend to be well diversified).
Not all bubbles are the catastrophic crash of the housing market or the general tech bubble that began last decade. Those both saw huge amounts of money invested by millions of individuals dry up overnight. This is very different.
Jobs, particularly labor jobs, continue to be a really big issue. Lets not be hyperbolic, however.
Also, lets keep this in perspective. The amount of money totally invested in startups is (in the scheme of things) pretty small. So yes those endowments and pension funds stand to lose, but not a lot (they tend to be well diversified).
Not all bubbles are the catastrophic crash of the housing market or the general tech bubble that began last decade. Those both saw huge amounts of money invested by millions of individuals dry up overnight. This is very different.