Sequoia tells portfolio companies to prepare for “Doomsday”
Posted on October 14, 2008
Filed Under Innovation
Here is a good read for the week:
GigaOm: What startups can learn from Sqauoia’s Doomsday Warning
What I got from it…
- Could be a loooong winter
- Raising capital tough for those not cash flow positive
- Cut deep
- Preserve capital (priority over grabbing market share)
- Be aggressive & bold
- And keep marching…
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About Paul
Paul is in charge of Nortel's Incubator and it's Open Innovation Labs. Before Nortel, Paul played leadership roles in large companies like HP, Bank of Montreal, a Silicon Valley 2001 IPO called Riverstone Networks, and ran his own $1M+ consulting business. Paul's current passion is in studying and practicing open innovation models, and unleashing hidden power of innovation that is embedded within many large and complex organizations.