Sequoia Is Down Bad
newcomer.co
newcomer.co
https://unity.com/our-company/newsroom/sequoia-capital-inves...
Sequoia made billions on that investment. Yeah, if they had timed the market better and gotten out sooner, they could have made even more billions. C'est la vie.
We have 20 years of tech history to show that the pain of selling too early cannot be salved.
It’s not like these companies also magically lost 80% of their users or potential market growth.
Chill. It’s just Wall Street. Institutional investors will be back, like always.
The increasing interest rates show that we’re in a different era compared to that time.
No, they don't. The Great Recession—the longest recession since the Great Depression—lasted 18 months. The COVID recession, the most recent and shortest post-Great Depression recession, lasted 2 months. The median post-Great Depression recession has been 11 months.
EDIT: Also, however, note that the upthread comment was more about the length of bear markets, not recessions. Those are somewhat correlated but not equivalent.
I’m concerned a generation of founders may underplay their hand while VCs benefit from overstating the impact of current market conditions on future valuations.