Silicon Valley’s most sought-after VC firm Sequoia Capital sounded off an alarm this morning to its portfolio companies about the consequences of the coronavirus outbreak.
Sequoia urged companies to “question every assumption” about their businesses, including cash runaway, fundraising, sales forecasts, marketing, headcount, capital spending, and more.
Image: RecodeCalling for able, measured leadership in times like these, Sequoia told its founders,”A distinctive feature of enduring companies is the way their leaders react to moments like these.
Besides the human toll, the economic toll of the virus is also expected to be severe.
Sequoia also warned its portfolio companies of potential drops in revenue and cash levels in the near future, saying that those “always fall faster than expenses”.

Comments to: Sequoia warns portfolio companies of coronavirus effects, compares it to 2008’s economic crisis

Your email address will not be published. Required fields are marked *

Attach images - Only PNG, JPG, JPEG and GIF are supported.


Welcome to Typer

Brief and amiable onboarding is the first thing a new user sees in the theme.
Join Typer
Registration is closed.