As if we weren’t depressed enough…some doom and gloom from our friends at Sequoia.
Some points for entrepreneurs to remember.
While the advice at the end of this presentation is sound – startups should be thinking in a cash conservative way ALWAYS!
Another thing to point out is that these are very risky and tricky times for startups, but many great companies have come out of an economic downturn – Skype for example. You can look at the news and the advice of others and become so frustrated that you give up or you can choose to take advantage of the situation.
Keep your nose to the grindstone, focus on building the best product possible and stay tight with the money. All of these things you should’ve been doing from the start anyways. Be creative!
Go forth and build now, my friends.