Comments on: Why I don’t like Sequoia Capital’s "R.I.P Good Time" presentation http://www.GeekMBA360.com/why-i-dont-like-sequoia-capitals-rip-good-time-presentation Career Advice At The Intersection Of Business And Technology Sun, 13 Nov 2011 11:00:38 +0000 hourly 1 http://wordpress.org/?v=3.1.1 By: Ho Nam http://www.GeekMBA360.com/why-i-dont-like-sequoia-capitals-rip-good-time-presentation/comment-page-1#comment-47 Ho Nam Wed, 29 Oct 2008 19:39:03 +0000 http://www.GeekMBA360.com/?p=309#comment-47 Thanks for your post. I agree with your comment that cuts should have been made many months ago. In fact, some of our companies did make cuts earlier this year. Interestingly, since the Sequoia presentation, not one of our companies have done lay offs (we have 30 companies). Most are growing headcount and using this market environment to opportunistically add some great people, especially focused on poaching from competitors. I'm sure some of our companies will struggle in the coming years and I would not say that layoffs are out of the picture for any of our companies going forward. But let's get real. If you are having to cut 30-40% of your workforce just because the stock market is getting hammered, there is something wrong. Such companies were being mismanaged in the first place and had burn rates that were way too high to begin with. Ho Thanks for your post. I agree with your comment that cuts should have been made many months ago. In fact, some of our companies did make cuts earlier this year. Interestingly, since the Sequoia presentation, not one of our companies have done lay offs (we have 30 companies). Most are growing headcount and using this market environment to opportunistically add some great people, especially focused on poaching from competitors. I’m sure some of our companies will struggle in the coming years and I would not say that layoffs are out of the picture for any of our companies going forward. But let’s get real. If you are having to cut 30-40% of your workforce just because the stock market is getting hammered, there is something wrong. Such companies were being mismanaged in the first place and had burn rates that were way too high to begin with.

Ho

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