DISQUS

VentureBeat: More details on Sequoia’s economic “inconvenient truth” meeting

  • Stephen · 1 year ago
    Eric Upin, Partner, Sequoia Capital said (based on venture post)

    ......."This could be at least a 15-year downward cycle.............

    COMPLETELY IRRESPONSIBLE!!! There are a shit load of people around the globe trying to figure out what is going to happen tomorrow; and this guy is calling for a 15 downward trend. I'll say it again. Sequoia should not charge any management fees since they are predicting a limited environment for investing.
  • Eric Eldon · 1 year ago
    Stephen, a lot of economists agree with Upin's assessment. I'll be writing more on that, soon.
  • Abbey · 1 year ago
    Stephen, get a grip.
  • Margaret Mountains · 1 year ago
    Eric Upin. What a dipshit. Sequoia is so emotional, I'm blushing.
  • Michael Kassing · 1 year ago
    Oh my God! I did not know the warning was THAT bad.

    I really have to say that MarkTend is in the middle of a public launch and we designed to do everything that they are telling startups to do. It just makes good business sense to limit your startup funds and focus on delivering value. Sure it would be easier to have a huge marketing budget but would come at a detriment to the core of the business. A company that gets use to having unlimited funds can never retract (look at the State and Federal governments). When you start small you remember your roots.

    Here is to the bootstrapers that deliver value and solve pain.

    Michael Kassing
    MarkTend.com
  • Allan · 1 year ago
    Michael,

    I like where you're going with MarkTend. Could you please get in touch with me at allan [at] allantyoung [dot] com?
  • davemc500hats · 1 year ago
    seriously, who the fuck can predict 5 years ahead, much less 15?

    while i won't second-guess Sequoia's take on the future, anyone who claims they have the inside track on the next "15-year downward cycle" has their head up their ass.

    sorry, i don't buy it.

    conserve cash? -- sure.
    find a business model? -- you bet.
    plan for negative outcomes over the next 15 years? -- write a friggin' Tom Clancy screenplay.
  • Allan · 1 year ago
    Dave - Tell me about it - anyone who can predict that with any level of confidence shouldn't be in venture capital. He should be running a hedge fund and leveraging the hell out of that prediction.

    The smartest guys always say the don't know what will happen next so assume for the worst and be adaptive.
  • Engago team · 1 year ago
    The financial power of the world will move from US to Asia (India, China) and Middle East?
    Like it happened in 1873 during a similar depression caused by housing in Europe, then financial power shifted from Europe to US.
    The crisis of 1873 http://tinyurl.com/3el9oz
    More info on Wikipedia
  • Second Life · 1 year ago
    Funny: "don't continue to waste our money, please!" Isn't this what a startup should do to survive in any market? Probably evidence that Sequioa is investing heavily in Web 2.0 et al which is predicated on an inflated (bubble) vision of the total value of internet advertising.
  • Jim Coughlin · 1 year ago
    Over the long term there will be recovery - although - over the long term we'll also all be dead.

    "Hunker Down" is what I get from all this.
  • edhardy622 · 2 months ago
    British law student sues Abercrombie-Fitch for disability discrimination.
    http://www.abercrombieshop.us