Tuesday, January 31, 2023

End of good times; an ominous ring of past ⭐

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A confluence of crises is sweeping through the world, hammering the economies around the world. Is it indicating an even larger crisis ahead? On an early October day in 2008, Sequoia Capital, the benchmark venture capital firm the world swears by, called an emergency meeting of its entrepreneurs, including Alfred Lin, a partner at Sequoia and a former executive at Sequoia-backed Zappos. Lin and others heard from a handful of partners and sat through a presentation on the worsening financial crisis and measures their businesses could take to blunt its effects. The first slide had an image of a tombstone that read “R.I.P. Good Times.” The weeks leading up to the meeting saw the collapse of Lehman Brothers, the bailout announced, and the worst week of loss...

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