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Illustration by Rebecca Zisser/Axios

Over the past 48 hours at the Upfront Summit, I've met with at least 50 venture capitalists and nearly as many limited partners in venture capital funds, representing varying geographies, experiences, and specialties.

My goal in such settings is to suss out a consensus trend or sentiment. The same thing that keeps arising in varied conversation, unprompted. For the first time I can remember, there wasn't one.

Venture's first half of 2019 was all about the rapid ascent, whether it be round sizes or valuations — fueled by everything from SoftBank to public SaaS multiples. Then came WeWork, and it felt like the climb was over. Everyone was Wile E. Coyote on the downhill, waiting to be flattened by a boulder.

But then it didn't happen.

  • Things didn't really get worse, save for some portfolio company layoffs that were relatively mild in comparison to the buildup.
  • Things didn't really get better, outside of increased focus on profitability.
  • So everyone just kept pushing along, doing deals. Running on limbo's treadmill.

Bottom line: 2020 is beginning as the year of ¯\_(ツ)_/¯.

Go deeper: Venture capitalists have yet to join Corporate America in tackling climate change

Go deeper

Broncos and 49ers the latest NFL teams impacted by coronavirus crisis

From left, Denver Broncos quarterbacks Drew Lock, Brett Rypien and Jeff Driskel during an August training session at UCHealth Training Center in Englewood, Colorado. Photo: Justin Edmonds/Getty Images

The COVID-19 pandemic has thrown the NFL season into chaos, with the Denver Broncos' quarterbacks sidelined, the San Francisco 49ers left without a home or practice ground and much of the Baltimore Ravens team unavailable, per AP.

Driving the news: The Broncos confirmed in a statement Saturday night that quarterbacks Drew Lock, Brett Rypien and Blake Bortles were identified as "high-risk COVID-19 close contacts" and will follow the NFL's mandatory five-day quarantine, making them ineligible for Sunday's game against New Orleans.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: WHO: AstraZeneca vaccine must be evaluated on "more than a press release."
  2. Politics: McConnell temporarily halts in-person lunches for GOP caucus.
  3. Economy: Safety nets to disappear in DecemberAmazon hires 1,400 workers a day throughout pandemic.
  4. Education: U.S. public school enrollment drops as pandemic persists.
  5. Cities: Surge in cases forces San Francisco to impose curfew — Los Angeles County issues stay-at-home order, limits gatherings.
  6. Sports: NFL bans in-person team activities Monday, Tuesday due to COVID-19 surge — NBA announces new coronavirus protocols.
  7. World: London police arrest more than 150 during anti-lockdown protests — Thailand, Philippines sign deal with AstraZeneca for vaccine.

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh. Photo: FilmMagic/FilmMagic

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.