With the economy crashing, there is no room for high flying venture pitches and big A, B, C, D, Z rounds of capital… you better be ready to get scrappy for dollars. Because cash is king my friends… optimization, sustainability, clean tech, and hopefully gettin tipsy on wine to ease your woes. My buddy Stammy here in hotlanta shared a cool post from his friend Lance about a recent Sequoia CEO All-Hands Meeting. Last time they held one of these was the dot.com crash. Things are looking much worse this time around and the only people that are going to make it thru are those with solid business models who are focusing on how to make money opposed to how to raise money… big difference.
I’m so proud of the GT guys for putting our heads down over the past year and figuring out how to make cash and make it the right way, helping us to get past the euphoria we felt last year, playing into the hype, and trying to go straight to the top… completely focused on raising money as the key to our success. Oh no, that is not how things work… and from the looks of this Sequoia presentation the recovery is going to be a long process… the entrepreneurs that will survive are those that have figured out how to get the cash flow. As GaryV told me on 9/11… you better be ready to hustle my man. Boom, we honestly couldn’t be more excited for the challenge.
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