- Feb 12, 2000
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Good read on state of economy from a VERY large and influential VC firm.
http://blog.weatherby.net/2008/10/a-ceos-sequoia.html
http://blog.weatherby.net/2008/10/a-ceos-sequoia.html
State of economy from VC firm.
- Thread starter dawgball
- Start date
That's horrid and not what I've heard, but I haven't talked to anyone since Monday. But, as of Monday, these fund are flush in cash and just need someone to buy once they can get their leverage percentages back to where they were 6 months ago.
- Feb 12, 2000
- 10,652
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This was their presentation to the current companies that they own, I think. It was basically a speech telling them that they are going to start being more "involved" and making sure that the companies are doing what they say they are doing.
Cash flow positive is the name of the game.
If you are a company looking for VC right now, then you better have a proven sales model, paying clients, and be cash flow positive by cutting any fat that you have.
The VC world is a strange one. But many that have raised capital are hurt due to being in securities until they find the companies that they want to invest in. If they raised $1B and their securties took a 30% hit, then that is several companies that would have received funding that won't now.
Cash flow positive is the name of the game.
If you are a company looking for VC right now, then you better have a proven sales model, paying clients, and be cash flow positive by cutting any fat that you have.
The VC world is a strange one. But many that have raised capital are hurt due to being in securities until they find the companies that they want to invest in. If they raised $1B and their securties took a 30% hit, then that is several companies that would have received funding that won't now.
