Behind the Curtain: How Silicon Valley companies are handling the downturn
October 14th, 2008 - 12 Comments
Silicon Valley is buzzing with recent activity from several notable investors, who’ve told their portfolio companies to batten down the hatches for an impending recession that will be extremely challenging. For example, Sequoia, one of the premiere venture capital firms out here, held an emergency meeting with its portfolio CEOs last week. Below is the extraordinary presentation they made. And here are notes from the presentation.
As always, I Will Teach You To Be Rich readers frown on predictions (because they’re almost always wrong). But, at the very least, here’s a look behind the veil at how startups are behaving to an economic downturn — along with some fascinating data.
Can’t see the slideshow? Click here.
Or read more links from my personal entrepreneurship section.
Alright, today is the beginning of an entirely new chapter of IWT. I just got back from a last-minute weekend ...Read More