VCs Now Ringing Alarm Bell: Silicon Valley Downturn

Sequoia Capital, one of the smarter venture firms in Silicon Valley, apparently organized a meeting yesterday for its porfolio companies telling them to get ready for a long economic downturn. It suggested ways to cut costs, and told them to prepare themselves now.

Apparently denial is officially over in the Valley. More here.

Related posts:

  1. Pierre Omidyar: Las Vegas Beats Silicon Valley
  2. Job-Hopping in Silicon Valley
  3. The Silicon Valley of Subprime
  4. No Cell Phones Please. This is the Valley
  5. Silicon, Not Plastics