Comments on: Sequoia says, Get Real or Go Home, quite late in the game http://english.martinvarsavsky.net/general/sequoia-says-get-real-or-go-home-quite-late-in-the-game.html Blog of an entrepreneur Mon, 13 Feb 2012 19:31:49 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Martin Varsavsky sur le socialisme américain, Sequoia et les entrepreneurs | franck perrier http://english.martinvarsavsky.net/general/sequoia-says-get-real-or-go-home-quite-late-in-the-game.html#comment-161974 Martin Varsavsky sur le socialisme américain, Sequoia et les entrepreneurs | franck perrier Wed, 22 Oct 2008 14:33:08 +0000 http://english.martinvarsavsky.net/?p=1725#comment-161974 [...] rapportait l’anecdote de la récente mise en garde de Sequoia à ses sociétés en portefeuille: “Get real or go home”. Sequia fait partie du top 10 des Venture Capitalists dans le monde. Dans cette lettre, récente [...] [...] rapportait l’anecdote de la récente mise en garde de Sequoia à ses sociétés en portefeuille: “Get real or go home”. Sequia fait partie du top 10 des Venture Capitalists dans le monde. Dans cette lettre, récente [...]

]]> By: Is The Economic Crisis Affecting European Startups At All? | Latest Technology News - Business News And Expert Advice http://english.martinvarsavsky.net/general/sequoia-says-get-real-or-go-home-quite-late-in-the-game.html#comment-161787 Is The Economic Crisis Affecting European Startups At All? | Latest Technology News - Business News And Expert Advice Tue, 21 Oct 2008 11:04:37 +0000 http://english.martinvarsavsky.net/?p=1725#comment-161787 [...] also took note of Martin Varsarvsky subtly criticizing Sequoia, which owns 1% of his company Fon, for not raising any caution flags a year ago when the first [...] [...] also took note of Martin Varsarvsky subtly criticizing Sequoia, which owns 1% of his company Fon, for not raising any caution flags a year ago when the first [...]

]]> By: The Scripts Zone » Is The Economic Crisis Affecting European Startups At All? http://english.martinvarsavsky.net/general/sequoia-says-get-real-or-go-home-quite-late-in-the-game.html#comment-161786 The Scripts Zone » Is The Economic Crisis Affecting European Startups At All? Tue, 21 Oct 2008 11:04:11 +0000 http://english.martinvarsavsky.net/?p=1725#comment-161786 [...] also took note of Martin Varsarvsky subtly criticizing Sequoia, which owns 1% of his company Fon, for not raising any caution flags a year ago when the first [...] [...] also took note of Martin Varsarvsky subtly criticizing Sequoia, which owns 1% of his company Fon, for not raising any caution flags a year ago when the first [...]

]]> By: Is The Economic Crisis Affecting European Startups At All? | Article Blog http://english.martinvarsavsky.net/general/sequoia-says-get-real-or-go-home-quite-late-in-the-game.html#comment-161781 Is The Economic Crisis Affecting European Startups At All? | Article Blog Tue, 21 Oct 2008 10:07:32 +0000 http://english.martinvarsavsky.net/?p=1725#comment-161781 [...] also took note of Martin Varsarvsky subtly criticizing Sequoia, which owns 1% of his company Fon, for not raising any caution flags a year ago when the first [...] [...] also took note of Martin Varsarvsky subtly criticizing Sequoia, which owns 1% of his company Fon, for not raising any caution flags a year ago when the first [...]

]]> By: Is The Economic Crisis Affecting European Startups At All? http://english.martinvarsavsky.net/general/sequoia-says-get-real-or-go-home-quite-late-in-the-game.html#comment-161716 Is The Economic Crisis Affecting European Startups At All? Tue, 21 Oct 2008 02:41:25 +0000 http://english.martinvarsavsky.net/?p=1725#comment-161716 [...] also took note of Martin Varsarvsky subtly criticizing Sequoia, which owns 1% of his company Fon, for not raising any caution flags a year ago when the first [...] [...] also took note of Martin Varsarvsky subtly criticizing Sequoia, which owns 1% of his company Fon, for not raising any caution flags a year ago when the first [...]

]]> By: Oliver's Stuff » Allen and Co is another investor in Fon and Allen and Co advised us... http://english.martinvarsavsky.net/general/sequoia-says-get-real-or-go-home-quite-late-in-the-game.html#comment-161264 Oliver's Stuff » Allen and Co is another investor in Fon and Allen and Co advised us... Fri, 17 Oct 2008 12:01:16 +0000 http://english.martinvarsavsky.net/?p=1725#comment-161264 [...] Sequoia companies who are only getting their warnings now, in the midst of the hurricane. — Martin Varsavky on the Downturn and the Sequoia Presentation. 08:01 AM View the discussion thread.blog comments powered by [...] [...] Sequoia companies who are only getting their warnings now, in the midst of the hurricane. — Martin Varsavky on the Downturn and the Sequoia Presentation. 08:01 AM View the discussion thread.blog comments powered by [...]

]]> By: Victor http://english.martinvarsavsky.net/general/sequoia-says-get-real-or-go-home-quite-late-in-the-game.html#comment-161160 Victor Thu, 16 Oct 2008 17:01:58 +0000 http://english.martinvarsavsky.net/?p=1725#comment-161160 No better time to start a company....Need to be able to raise enough cash for 15 to 18 months and get to cash flow positive (software service model) Allen & Co is legitimate. The future of Wall Street are more Allen & Co's, in other words boutique firms. I also like Sequoia but was quite shocked at the tone and the underlining message. I believe one of their General Partners said that this downward spiral will last 15 years. Let's assume he's right - Why did they then close two funds totaling $930M recently? It just doesn't make sense. If Sequoia is willing to draw a line in the sand (making such silly calls as 15 years) then I would like to see them do the right thing and that is dissolve their Partnership. No way in hell should these guys be collecting management fees on the newly committed capital since the "world is coming to an end". No better time to start a company….Need to be able to raise enough cash for 15 to 18 months and get to cash flow positive (software service model)

Allen & Co is legitimate. The future of Wall Street are more Allen & Co’s, in other words boutique firms.

I also like Sequoia but was quite shocked at the tone and the underlining message. I believe one of their General Partners said that this downward spiral will last 15 years. Let’s assume he’s right – Why did they then close two funds totaling $930M recently? It just doesn’t make sense. If Sequoia is willing to draw a line in the sand (making such silly calls as 15 years) then I would like to see them do the right thing and that is dissolve their Partnership. No way in hell should these guys be collecting management fees on the newly committed capital since the “world is coming to an end”.

]]> By: Nubeblog http://english.martinvarsavsky.net/general/sequoia-says-get-real-or-go-home-quite-late-in-the-game.html#comment-161130 Nubeblog Thu, 16 Oct 2008 12:36:25 +0000 http://english.martinvarsavsky.net/?p=1725#comment-161130 I was surprised with their announcement and I think they are now in 'panic mode'. You are right about the markets drying up about a year ago: some VC started to delay decissions and others simply admited that the flow of cash to startups was collapsing. Still, I think they are overreacting, just like markets are doing. But we have to question ourselves if the things are going so terribly wrong, and if they can get worse. I was surprised with their announcement and I think they are now in ‘panic mode’. You are right about the markets drying up about a year ago: some VC started to delay decissions and others simply admited that the flow of cash to startups was collapsing.
Still, I think they are overreacting, just like markets are doing. But we have to question ourselves if the things are going so terribly wrong, and if they can get worse.

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