Posted by Dawn Kawamoto | Post a comment One after the other, venture capitalists are stating the obvious to the companies they've invested in - Now would be a very good time to keep your money under lock and key. From Sequoia Capital, which has had parts of its dire economic presentation to its portfolio companies aired out in the press, as reported in VentureBeat and GigaOm, to noted angel investor Ron Conway in his letter to his portfolio companies, the message is clear and persistent: prepare for the worst. And that preparation, as Conway noted in his letter to portfolio companies included cutting marketing costs, general and administrative expenses and, yes, even layoffs if need be. Sequoia was a bit more dramatic in its message, reportedly using a tombstone with the engraved words "R.I.P. Good Times." Faced with a...
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