Sequoia Rings the Alarm Bell: Silicon Valley Is in Trouble

Re:Sequoia Rings the Alarm Bell: Silicon Valley Is in Trouble by ojbyrne on Wednesday October 08, 2008 @11:32PM (#327443)

Call me a marxist, but the first thought that came to mind when I read this, is "Are the LPs (correction: GPs) at Sequoia going to get frugal?" Is Mike Moritz going to reduce his (most likely seven digit) salary?

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Re:Sequoia Rings the Alarm Bell: Silicon Valley Is in Trouble by Prrometheus on Thursday October 09, 2008 @12:10AM (#327471)

I don't see what that has to do with the companies his firm funds, marxist.

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Re:Sequoia Rings the Alarm Bell: Silicon Valley Is in Trouble by ericwan on Wednesday October 08, 2008 @11:39PM (#327448)

Mike Moritz is a general partner but not an LP I think... an LP is the institutional or individual investors who put money in the fund.

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Re:Sequoia Rings the Alarm Bell: Silicon Valley Is in Trouble by ojbyrne on Wednesday October 08, 2008 @11:43PM (#327450)

Oops. You're correct. Sorry. I edited it but in a way that still makes your comment relevant.

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Re:Sequoia Rings the Alarm Bell: Silicon Valley Is in Trouble by Prrometheus on Thursday October 09, 2008 @12:09AM (#327470)

Since the general partner has full liability for all financial obligations, I imagine the general partner would be another limited liability type firm and Moritz would be an executive hired by the general partner entity.

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Re:Sequoia Rings the Alarm Bell: Silicon Valley Is in Trouble by newt0311 on Thursday October 09, 2008 @06:50AM (#327686)

Aren't these guys paid as a percentage of profits and funds managed? In that case, presumably, there will be fewer startups when there is less funding implying fewer gains which implies a lower salary for him.

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