Sequoia Capital: Armchair quarterbacks

Re:Sequoia Capital: Armchair quarterbacks by fallentimes on Monday October 13, 2008 @03:57PM (#331447)

It's not like this is the first time Sequoia has said this to their entrepreneurs. They've been doing it in private and in meetings.

This just represented their first public stance on the issue. In good times, it can (but not always) make sense to spend more money on marketing and headcount for experimentation purposes and because a really talented person is available (even if you don't have an immediate role for them). And while most of their advice applies regardless of economic situation, running a business in a recession is not the same as running a business in a boom.

Edit: This was also discussed here: http://news.ycombinator.com/item?id=327937

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Re:Sequoia Capital: Armchair quarterbacks by dhuck on Monday October 13, 2008 @06:10PM (#331623)

I think it's important to note that this was not a public meeting for all CEOs of all companies everywhere - just their portfolio companies. Sequoia asked the CEOs to keep everything private, but then the notes leaked, then the slides leaked, and then Sequoia was forced to discuss it. Splitting hairs, maybe, but I think it's an important distinction.

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Re:Sequoia Capital: Armchair quarterbacks by fallentimes on Monday October 13, 2008 @06:53PM (#331671)

Let's be honest - they knew what was going to happen. It's Silicon Valley.

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