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Slide 47 from http://www.slideshare.net/eldon/sequoia-capital-on-startups-and-the-economic-downturn-presentation http://www.slideshare.net/eldon/sequoia-capital
by skmurphy 18y ago
Slide 47 from http://www.slideshare.net/eldon/sequoia-capital-on-startups-and-the-economic-downturn-presentation http://www.slideshare.net/eldon/sequoia-capital-on-startups-... shows that they are encouraging cuts in every department. The line for engineering is "Decrease headcount for next version?" which is in line with their other questions
Product: What Features Are Absolutely Essential?
Marketing: Measuring & Cutting What's Not Working?
Sales & Bus Dev: Getting Return On Expense Increase?
Pipeline: Real Probabilities Of Closing Deals?
Finance Cashburn: Where Can Payments Be Deferred?
Finance G&A: What Departments Are Essential?
- anamax 18y agoYup, and those folks should react the same way.
- skmurphy 18y agoAfter the dotcom crash, the number of jobs in Silicon Valley dropped about 25% from their peak. This affected most people's ability to negotiate better compensation because demand dried up. Depending upon the severity of this contraction many different disciplines and professions may experience the same thing. Sequoia folks understand that engineering is a key driver for innovation, the fact that they are telling portfolio CEO's to consider cutting engineering indicates their concern as to the severity and longevity of a contraction.