Personally I think Sequoia's goal with these slides was to calm people down and provide reassurance during tough economic times. I don't think they were trying to really get people to change their spending or strategies. The people at Sequoia are definitely smart enough to not recommend major business changes based on the events of a few weeks.

Kind of saying "Just stick to the basics and everything will be fine people". As a vc, I would imagine there is some incentive to keep the confidence of your portfolio companies up in tough times.