If you haven’t been following the latest developments in Venture Capital land, this deck of slides by Sequoia Capital to its portfolio investees should quickly bring you up to speed.
It’s a really interesting time to be in the Valley right now – yes, I have been MIA for quite a while. Before the trip, I was busy preparing for it. I have been spending the past 3 weeks, on average meeting 3 to 4 startups/VCs each day, and the doom and gloom on Wall Street has definitely crept up onto Venture Capital land.
Out of 10 startups I meet, 4 – 5 have runways of less than a year and are desperately trying to fund-raise (good luck to them). The remaining 3 are hunkering down to stretch their runway to beyond 2 years, and the last 1 to 2 are sitting on a nice pot of cash but are nevertheless watching the market with trepidation.
More to come on the startups in the past 3 weeks – for now it’s report writing time!