In order to be vague I’ll use buzzwords: it’s a B2B PaaS in the security area. They have a MVP customer already though tech is still in development. Idea was to develop as fast as possible and secure some anchor customers. Turns out the current situation makes that plan even better because there’s less distraction. It helps that this product is an “aspirin” unlike (in my experience) most security products.
In my experience downturns kill medium sized companies most. Big companies will survive revenue downturns and tiny B2B companies like the one I’m joining can survive on one or two anchor customers because they are relatively merely sipping cash (even with SV salaries). Acquiring new enterprise customers is hard in a downturn though. Of course this downturn appears to be extreme so who knows. And if your product is B2C things may be disproportionally worse for you.
Also FB is still actively interviewing (at least they were last week!) to fill open reqs and likely other big companies are too. That may change as the economy declines but for now that appears to be the case. In fact “shelter at home” is great for companies like them. Of course I have no special visibility into their thoughts.