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Sequoia Capital on startups and the economic downturn

This presentation from famous Silicon Valley Venture Capital firm, Sequoia Capital, is a must-see. It explains the effects of the economic downturn on venture capital and internet startups. The news obviously isn’t good, as investors will shun typically risky online startups, unless they are entities that can turn faster, if not immediate, profits.

There’s quite a bit of information on what went wrong in the economy, why the recovery is going to take some time, and what startups can do to survive. Sequoia reckon that startups without at least a year’s worth of cash in the bank are in trouble. The VC firm that invested in YouTube and Admob, recommends that all startups should look to be cashflow positive as soon as possible and “spend every dollar as if it were your last”.

Author Bio

Matthew Buckland
Matthew Buckland is an internet entrepreneur and investor with more than 20 years’ experience working in management and strategic roles for internet and technology businesses. He founded the digital marketing and strategy agency Creative Spark which he sold, five years after he founded it, to UK-listed firm M&C Saatchi.... More

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