Move over Sequoia: here comes Whiner Jerkins
The VC industry is determined to avoid the mistakes of the past downturn and citing “ad nauseam” from the Sequoia CEO meeting slides. I guess most of us have been telling CEOs to prepare for bad times for a while, maybe citing Calacanis or Wilson. But give it to Sequoia for capturing the mood and putting all the data together it this soon-to-be legendary set of slides that I embedded below. After all the highly succesful firm was founded the year I was born and has been making money ever since; no wonder people are paying attention.
Having said that if I hear one more guy at a board tell me “it’s not going to be a V-shaped recovery, you know” (slide 42), I will slap him. I will. So it was a relief to see that another prominent venture capital firm, Whiner Jerkins, had put up a more grounded view of the downturn and its effect on “innovation street”. Oh, and i found it through the Bret Easton Ellis of tech blogging, Henry Blodget’s Alley Insider. The irony of it all !