Sunday, October 12, 2008

SEQUOIA CAPITAL: CUT COSTS NOW

a presentation given by sequoia capital partners to about 100 ceo's of investee companies last week, contains stark warnings:

"We are in a serious economic downturn and this is just the beginning. Immediate, decisive and swift action is required, along with frugal, day-to-day management of expenses and our business."

courtesy of co-writer david.

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