Wow @ this Sequoia memo that just dropped. Founders about to learn the survival skills of ‘09.
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I don’t think this memo is nearly as apocalyptic as we’re all suggesting. Belt tightening will happen anyway on a long enough time horizon, and more efficient, cash conscious businesses will always outperform
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Agree — was looking at RIP Good Times and there was a lot more, "THIS IS THE BIG ONE!," language. This new memo is just general "efficient entrepreneurship" boilerplate.
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I do think it’s useful / self-serving for funds to take moments of economic dread to hammer in the same set of truths that are good for business raise less, hire less, dilute us less
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