A little photoblog of daily nuances, stories from my life, and other stuff I think is neat.

So by now most everyone has probably heard the warning that came on Wednesday from Sequoia, one of the biggest venture capital firms in the country, when they presented a warning to their portfolio companies to get ready for “the worst economic downturn of your lives.”

I heard this, but it really hit home when I saw a copy of the presentation given (linked above).  This is scary.  I know that I spent WAY too much of my time lately worrying about the financial crisis, but working for a high-technology start-up, in marketing of all things, I think I should be worried. 

One of the most terrifying excepts from the presentation was “batten down the hatches, it is going to be a rough ride.  Any company without at least a year of cash in the bank is in trouble…If you’re in your funding cycle, you should raise your funding as soon as possible…Spend every dollar as if it were your last.”