[metadat]

Successfully established businesses have a "real" income stream stemming from market activities, and aren't directly dependent on external "cheap money", except as a second-order derivative.

i.e. If the primary market you cater to is comprised of startups, then your business will also be affected by the crunch inasmuch as you're dependent on revenue from those [now dryer] markets.

Businesses who may not be substantially directly impacted can be expected to become more timid, cautious, and fearful in general. This can easily translate to re-focusing on things the organization has strong core domain expertise in and less on risky exploratory development.