Cut Your Expenses, Tighten Your Belts and Build Up Cash

In a San Francisco Business Journal article, Sequoia Capital is warning founders of the companies they have invested in to conserve cash and slash spending. The group gave a stark warning for its portfolio companies. Cut costs now. In early May the Menlo Park-based venture firm shared a presentation with its founders in which it warned them of a pending economic downturn that will last much longer and be more severe than what happened at the outset of the Covid-19 pandemic. They said that companies need to tighten their belts.

"Companies who move the quickest have the most runway and are most likely to avoid the death spiral." Sequoia said in its presentation.

"It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." the venture firm said in its presentation.

Business Journal Article Link: CLICK HERE

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