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Good times are over, not sure when they'll return: Sequoia warns firms

Sequoia took a shot at hedge funds that have been targeting private investments, who are now "tending to wounds in their public portfolios which have been hit hard"

Sequoia Capital
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Sequoia Capital

Lizette Chapman | Bloomberg
Calling the current environment a “crucible moment,” Sequoia Capital warned that the good times are not only over, there’s no indication when they’ll return. 

In a Zoom call earlier this month with the founders of its approximately 250 portfolio companies, the venture firm reviewed a 50-page presentation titled “Adapting to Endure,” according to documents obtained by Bloomberg News. 

Sequoia laid out the case for a long and drawn-out recession, and instructed founders to “do the cut exercise” immediately if they haven’t already done so by examining ways to conserve cash through eliminating or scaling back projects, R&D, marketing and other

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First Published: May 26 2022 | 2:38 PM IST

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