It's not like this is the first time Sequoia has said this to their entrepreneurs. They've been doing it in private and in meetings. This just represented thei

It's not like this is the first time Sequoia has said this to their entrepreneurs. They've been doing it in private and in meetings. This just represented their first public stance on the issue. In good times, it can (but not always) make sense to spend more money on marketing and headcount for experimentation purposes and because a really talented person is available (even if you don't have an immediate role for them). And while most of their advice applies regardless of economic situation, running a business in a recession is not the same as running a business in a boom. Edit: This was also discussed here: http://news.ycombinator.com/item?id=327937 http://news.ycombinator.com/item?id=327937