It would be illegal to open a shady lending company charging poor people 700% interest on loans—unless you lived on certain Indian reservations. In that case, respectable investors would be knocking down your door.
A prominent startup founder dramatically unveiled a grilled cheese sandwich at the Wall Street Journal-affiliated "D" conference today and announced that a leading venture firm put upwards of $10 million into the cheese and bread combination. No, really.
New pictures from the Facebook movie's set have none other than script-originating novelist Ben Mezrich uncertain how he feels. With clips from corresponding portions of the script, we decipher Mark Zuckerberg's sleepy-time befuddlement and Timberlake's alpha male "fuck you."
Sequoia Capital, the backer of Apple, Yahoo, and Google, ordered its startups to slash their payrolls this fall. We hear one CEO fired people so enthusiastically he had to retract some of his pink slips.
Many people ask us if Jason Calacanis, the Internet entrepreneur, is stupid. No, but he says stupid things. While he's an expert at timing the market, his plan to fix the economy is all backwards.
Those who fund young, growing companies love to tout their industry's role in job creation. Jobs — we could use some of those now, right? But with venture-capital firms like Sequoia Capital insisting on across-the-board layoffs, it's hard to buy that argument; jobs may be created at startups quickly, but they are just…
I haven't had a chance to read Mr. Evangelism's latest book, Reality Check, but there's a tidy profile of Guy Kawasaki, the Apple marketer turned startup cheerleader, in USA Today. His biggest flub: Sequoia Capital partner Michael Moritz tried to hire him as CEO of Yahoo in the '90s. "I'd say that was a $2 billion or…
The "grandfather of Silicon Valley venture capital," Don Valentine, founder of Sequoia Capital, showered money on the likes of Cisco, Apple, Electronic Arts, and Oracle, and has been amply rewarded — including Thursday night, with a lifetime achievement award from Deloitte, the auditing and consulting firm. But a…
What was Mahalo CEO Jason Calacanis doing in the weeks running up to this company's layoffs? Traveling around the world, to destinations like the World Knowledge Forum in Seoul, Korea. In his how-to-lay-people-off memo, Calacanis also promised to cut back on his travel budget — which struck me as an admission that his…
When Larry Page and Sergey Brin wanted funding from Sequoia Capital in 1999, they had no problem finding its Sand Hill Road offices. A decade later, Google Maps doesn't seem to know where 3000 Sand Hill Road is, the swanky-office-park Mecca of venture capital firms, including Sequoia, which funded Cisco, Apple, and…
Imeem is laying off a quarter of its 80-person staff, PaidContent reports. The music-centered social network has been more adept than many of its rivals at navigating the cutthroat music business. But one of its backers is Sequoia Capital, the ruthless VC firm which has ordered its portfolio companies to slash…
Venture capital is returning to an old formula: Doling out money for expansion to already-profitable businesses. That's why AdMob, a mobile-advertising startup, has gotten $15.7 million from Sequoia Capital. Sequoia, the backer of Apple, Cisco, Yahoo, and Google, summoned portfolio-company CEOs to an emergency…
"Visual search engine" company SearchMe had, according to CrunchBase, 52 employees and $43.6 million in funding, led by Sequoia Capital. Just two weeks ago, TechCrunch ranked the company No. 76 in "Startups Best Positioned To Weather A Downturn." But VentureBeat confirms the company has fired 20 percent of its staff.…
Cue the schadenfreude brigade: AdBrite, the online-advertising network funded by Sequoia Capital, has laid off 40 of 100 employees. Why will some view this with glee? Because, a decade ago, AdBrite founder Philip Kaplan ran a site called FuckedCompany, which chronicled layoffs and cutbacks in the bursting of the…
Some Valley investors succeed by spotting good ideas and nurturing them. Some succeed through utter ruthlessness. In that latter category lies Sequoia Capital, the investor behind Apple, Cisco, Yahoo, and Google. Skyrider, a file-sharing startup which had raised $25 million or more in venture capital, has shut down,…
Remember Sequoia Capital, the once-boisterous Google backer which has turned gloomy of late? It turns out that Sequoia's prepare-for-the-worst message wasn't meant for everyone. In September, Sequoia raised $1.7 billion in two new funds from its limited partners, including the $929.5 million U.S. Growth Fund. It alone…
"This is not some coordinated cynical attempt by VCs to talk down valuations or put entrepreneurs on the defensive. We are not spreading the contagion of gloom and doom. It's all about acting responsibly and making sure we all survive to fight another day. Because in the end, survival is what darwinian capitalism is…
Was 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…
Silicon Valley is obsessed with a presentation by Sequoia Capital, the backer of Google, titled "R.I.P. Good Times". The venture capital firm's partners delivered it to its portfolio companies at a special meeting, predicting a long, painful recovery and advocating immediate cost cuts. We'd gotten notes from an…
"Slash expenses, cut deep and keep marching. You can't be a general if you turn back." — Sequoia Capital partner Eric Upin at a mandatory all-CEO meeting on Thursday. For you, just remember that creep in the corner office isn't happy as your CEO. He wants to be a general.
