“The Black Swan of 2020″. That is what VC firm Sequoia Capital called the Covid-19 coronavirus—now declared a pandemic by the World Health Organisation—in a memo to its portfolio founders earlier this month.

“Black swan” is a term coined by eminent scholar, Nassim Nicholas Taleb to describe describe Amazon The Black Swan: The Impact of the Highly Improbable Read more an unprecedented low-probability event that has a massive impact but was impossible to predict and therefore impossible to prepare for a priori.