Here is slide 49 from Sequoia's shock and awe presentation
The synthesized message - tighten your belts now. Lay workers off now. This might help you survive the nuclear winter starting up.
This does make sense. I've been through the dot-com blow-up, and the macro-economic indicators were never as bad as they are now. Back then, 9 of the 10 people in my close personal group were laid off. But Iceland wasn't going bankrupt! So yes, if you want to survive, learn from the lessons of those who have gone before you, like PlumTree and Google. Don't become the next Pets.com.
On a personal note, this is very sad for the people who are getting laid off. My small consolation to them - they'll come out stronger, maturer, better rounded, and with better jobs on the other side. Its not easy to understand right now, but I'm saying this from personal experience.
Posts
No comments:
Post a Comment