Re:Sequoia Capital: Armchair quarterbacks
by netcan on Monday October 13, 2008 @06:17PM
(#331631)
he other point makes the simplistic assumption that because advice is do A, when A is universally good, that it's useless advice.
When Sequoia (or anyone) advises to now reduce debt, focus on positive cash flow etc. etc. What they mean is not that these things are suddenly good things. What they mean is that they are suddenly more important. Your ability to raise capital has just sunk. The likelihood of new, highly funded competition has just sunk.
The post just makes a silly sort of a 'positive cash flow? wasn't that a good idea yesterday?'
When Sequoia (or anyone) advises to now reduce debt, focus on positive cash flow etc. etc. What they mean is not that these things are suddenly good things. What they mean is that they are suddenly more important. Your ability to raise capital has just sunk. The likelihood of new, highly funded competition has just sunk.
The post just makes a silly sort of a 'positive cash flow? wasn't that a good idea yesterday?'