4 ms·
Here's him making the same exact kinds of claims in 2011. He called himself (or claimed that people called him) the 'undertaker' back then: https://www.pehub.
by iron0012 10y ago
Here's him making the same exact kinds of claims in 2011. He called himself (or claimed that people called him) the 'undertaker' back then:
https://www.pehub.com/2011/08/silicon-valley%E2%80%99s-undertaker-%E2%80%98we%E2%80%99re-anticipating-a-major-fallout%E2%80%99/# https://www.pehub.com/2011/08/silicon-valley%E2%80%99s-under...
- mrbgty 10y ago"We are busy as beavers. We’re doing two to four deals a week." You weren't exaggerating.
- tdumitrescu 10y ago"MP: We’re seeing two to four companies wind-down a week, which we’ve never seen before." ...except for the last time we saw it.
- deleted 10y ago[deleted]
- cavisne 10y agoWow busted, I guess he seeds out this press release every couple of years/weeks to drum up some publicity
- dmix 10y agoHe literally gets asked about this directly in the article and admits as much: > TC: Almost every time we’ve talked over the years, you’ve said that work is busy. Certainly, it slows down sometimes. > MP: Sherwood has mostly been on an upward run since we started [in 1992], but we did slow down in 2014, and we couldn’t figure it out. Well, VCs were running their companies further to the edge to [improve their internal rates of returns before they hit the fundraising trail]. Turns out we had our best quarter ever in 2015 [as soon as they stopped funding those companies]. Blame the news industry for running with the same lead every couple of years. It works. Much like the predictably news industry, people her predictably don't read the article before dismissing it.