Re:Sequoia Capital: Armchair quarterbacks
by callmeed on Monday October 13, 2008 @02:05PM
(#331290)
Personally, I like what 37s has to say. It's the same thing people here (myself included) have said to all these "How to survive in hard times" articles (and that is "why do sound business principles only count in hard times?").
I'm glad someone with a bigger voice is saying this.
Yes, I understand "get big fast, grab market share" MO–but I guarantee they have portfolio companies that have burned a lot of money with nothing to show for it (revenue or market share).
Yes, Sequoia had to say this given their current situation. But, what's wrong with having an opposing voice to "raise vc/ramp up fast/ignore revenue for now" mentality? It's good to give entrepreneurs both sides of the coin.
I'm glad someone with a bigger voice is saying this.
Yes, I understand "get big fast, grab market share" MO–but I guarantee they have portfolio companies that have burned a lot of money with nothing to show for it (revenue or market share).
Yes, Sequoia had to say this given their current situation. But, what's wrong with having an opposing voice to "raise vc/ramp up fast/ignore revenue for now" mentality? It's good to give entrepreneurs both sides of the coin.