Seriously, though — isn’t it a little late (not to mention ironic) to be telling companies that they should cut their burn rate, refocus, etc.? They arguably should have been doing all of those things for the past six months, if not longer. Venture capitalist and entrepreneur Howard Lindzon has a good take on things on his blog, where he says the savvy players have already become as small and nimble as they can, and are preparing to look for opportunities. “Too Small to Fail” is Howard’s new motto. Silicon Valley’s venture firms may be just coming to that realization, but by the time you get one of those letters from Ron Conway, it’s probably too late. If you’re a Canadian startup and are feeling nervous, Jevon has some good advice worth reading.
Om has posted more details on the Sequoia meeting, with comments from several of the senior partners, including Mike Moritz and Eric Upin.