SWas Seth Sternberg, the CEO of Meebo, not in attendance at Sequoia Capital's recent summit for all of the venture capital firm's startups? In its now-famous "R.I.P. Good Times" presentation, Sequoia's partners scolded the entrepreneurs the firm has funded to cut all unnecessary costs. The online-chat startup's apparent response: Listing all of the free food and drink it buys employees. The one concession to frugality: They don't buy chocolate milk, because it's too expensive. (Chocolate soy milk, on the other hand, is deemed an affordable luxury.) Any bets on how long it will take for Sequoia's Roelof Botha, the lead partner on its Meebo investment, to tell Sternberg to stop paying the grocery bills? (Photo by ifindkarma)
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