Sequoia Capital on startups and the economic downturn

2 years ago

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48 comments

Comments 1 - 10 of 48 comments previous next Post a comment

DylanDaisy 1 day ago
I enjoyed the presentation, really well created!
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Chris Marks 3 weeks ago
great presentation, but i saw something similar on Wikipedia or http://www.financialcrisis2009.org about the economic downturn
brandsexclusive 4 months ago
Brandsexclusive invitation is very nice post thank you
Christian Krüger 8 months ago
Really interessant statistics. I like your presentation. Seems to be the right time to invest in gold... or in seo... ;-)
truden 2 years ago
On slide #5 you forgot to mention the banking system first began lobbying congress and the senate to reduce regulation.... (root cause) and the big banks convinced government they could self-regulate themselves. First - came regulation (Clinton Admin) allowing credit default swaps (lead by Lehman Bros), then the Bush (yea, ol ’W’) Admin. deregulated utility companies - does Enron mean anything? - and more dereulation for banks. As a result, banks went ’hog wild’ with issuing anything they could to borrowers.... cars, credit cards and homes.... It just so happens to be that HOMES consist of the greatest value, opportunity, and leverage for the banks.

And now we’re stuck... thanks to our government giving the banks and others what they wanted.... all for ’favors’.
guest464be762e 2 years ago
This is classic VC speak. They are normally always lucky in good times and are frequently deluded into thinking they are smarter than the average person. I have dealt frequently with many VC’s and the only thing I walk away with is that they all suffer from pattern recognition syndrome like birds on a wire. The other noticeable flaw that they suffer from is in an uncanny ability to invest in bad ideas that will have a 'once lucky' team at the helm. I have seen them recently sacrifice 23 million in invested capital to save 1 million on a deal that was 5 months away from revenue. In times like this they really need to turn to outside counsel. They are woefully inept at taking risk as well and as such by hoarding money create a self reinforcing negative cycle. No new companies incubated, too few B stage companies, many VC’s chasing too few B stage companies and many VC’s killing off C stage companies. The venture model is broken. I believe it always was.
guestf1877807d 2 years ago
Slide #56 is the only valid slide. 'Start Drinking or Go Home!'
guest2a218dd5 2 years ago
It seems Sequoia Capital are panicking.

The message I take away from this presentation (sent to their ’portfolio’), is this: they believe that they have invested in badly run startups, who had no forethought, business plan, revenue stream or ability to read the news.

Hmm.. maybe they should go back to VC kindergarten, or use crayons in their next presentation. I did like the third slide though - was that Sequoia Capital’s CFO...?
guest0543fb8 2 years ago
Best example of self fulfilling prophecy - very professionally executed. Scary. No matter what they say, if enough people in places like this say it, it will become the reality. Told you so? I did, I did! What I hope will happen is that 2-way communication now in place (web 2.0 at all) will shorten the time it will take to see trough it. My estimate: 2Y downturn with markets picking up in 1Y, looking forward as they always do...
guestc7f74b 2 years ago
hope they didn’t pay for this report. old news. obviously billionaires smoking cali medical weed if they think any of this is relevant in the past month.

first off the only legit slides are 14,24,35

cash is king? brilliant never heard that before

interesting on slide 35 how the lagging indicator of tech spending in 01 was 2.5 months before crossing 0% threshold yet 4 months into 08 and we’ve yet to come to the threshold while hp and ibm just crushed earnings last week.

slide 50 software more profitable than hardware- wow stunning never would have guessed
slide 53 1yr of cash in the bank has been a microsoft model for the past 20 yrs; of course sun’s model was to pay cash for real estate and look how that turned out

Comments 1 - 10 of 48 comments previous next

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