Sequoia Says RIP To The Good Times - At Least For Now

You know the economy is bad when the boys on Sand Hill Road hit the panic button.  Top brass at Sequoia Capital called a meeting of their funded companies and declared the party to be over.  Details are still a bit thin but we assume the portfolio start-ups were told the same things as when the bubble burst in 2000; tighten your belts, cut spending, hoard cash, try to get several additional months of operation out of the cash you have and go find some new investments, if possible.  These are the times that separate the business people from the wanna-be’s and bad ideas fall by the wayside quickly.  So you still want to be an entrepreneur?