Canonical · Macro & Investing · Deck
RIP Good Times
Sequoia Capital · 2008
"The 2008 crash is structural, not cyclical; cut burn, extend runway, get to cash-flow positive."
In 2008, Sequoia Capital summoned its founders for a brutal presentation titled 'RIP Good Times'. They warned that the financial crisis would completely choke off venture funding, and startups needed to immediately slash cash burn to survive.
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