The Upside of a Downturn in Silicon Valley


nytimes.comIn October 2008, in the early days of the last economic collapse, Sequoia Capital invited founders of technology companies to a frank meeting outlining the new global reality.

Silicon Valley had long since shaken off the doldrums of the dot-com bubble, but one of the industry’s most respected venture capital firms was now counseling entrepreneurs to again “batten down the hatches” — to cut costs, to focus on profit, to “spend every dollar as if it were your last” because “it is going to be a rough ride.”



photo CC by Capture Queen


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