Silicon Bowery

Sequoia Knows Best…

Really good read on Sequoia Capital’s take on the current downturn.  Seems like their mandate to portfolio companies is to hunker down, preserve capital and weather the storm.

Requirements of their companies.

1. You must cut expenses. Now and deep.
2. Your product should reduce expenses and drive revenue
3. Honestly assess your solution vs. your competitors.
4. Cash is king [have you gotten this message yet?]
5. You must get to profitability as soon as possible to weather this storm and be self-sustaining.