More Sequoia Graveyard Musings...
There has been an extraordinary amount of digital ink spent on Sequoia Capital’s “graveyard” deck, but it seems that the stuff is infinite. So here’s a litle bit more, in notes form: 1. Sequoia has gotten a lot of credit for “telling it like it is,” but shouldn’t it also get some blame for being behind the eight-ball? Specifically, how did Sequoia seemingly allow so many of its companies to become so bloated – particularly the young ones – that they can shed jobs with relative ease? It's one thing to kill off a non-core auto or financial services vertical, but quite another to slash within the main biz. Smart CEOs were beginning to cut burn rate quarters ago, and smart VCs were telling the
19 November 2008•1 min read
