Silicon Valley Panic – The Valley is Upside Down October 27, 2008Posted by John in Technology.
Tags: silicon valley
I am seeing tons of panic here in Silicon Valley. Just a few weeks after the Sequoia memo (great PR for Sequoia capital – wondering what Kleiner Perkins is thinking right now), the valley is upside down.
It’s crazy and it’s changing everything around the startup process. The memo from Sequoia has thrown everything into gridlock and yet the VCs are sitting on billions of cash under management.
I think that this is the best time for a startup. In fact the gloom and doom has reached an all time high. Everyone is saying survive and fight another day or “How to Survive in Silicon Valley”. This mindset is an indictment of the state of panic.
Instead the title should be “How to Thrive” – Playing it safe never was Silicon Valley’s greatest strength. Has the Valley lost it’s way?