Sequoia Predicts Dot-Bust 2.0 - Hurry, Get a Business Model!
Sequoia Capital, one of silicon valley’s leading VC’s, gave the following presentation to all of their portfolio CEO’s this week in an emergency meeting.
It’s a good read, although not exactly groundbreaking. It lays out the economic situation and urges their CEO’s to cut costs (staff) FAST, raise money NOW if you can, and GET A BUSINESS MODEL. (I love that last one).
Here is the presentation:
CEO_ALL_HANDS_10-7-08_FINAL - Free Legal Forms (<-- huh, this isn't a [free legal form]. Odd off topic spammy widget link - nofollowed. I would have been ok with [pdf hosting] or something related.)
Tags: Sequoia Capital, Venture Capital, Web 2.0