Wow @ this Sequoia memo that just dropped. Founders about to learn the survival skills of ‘09.
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Fwiw, I don’t think Sequoia did that and is going to do that. It’s good to be skeptical but I think the intentions are good here.
naturally, they’re a tier one shop and act like it. Have seen many, many low tier shops use this entire frenzy to force portcos to act in self serving ways (raise more, raise less, hire, fire, sell, etc)
