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What impact with the growing financial crisis have on venture capitalists and their portfolio companies? Just ask top Silicon Valley VC firm Sequoia Capital, which predicts hard times ahead in this Powerpoint presentation. Among the new realities facing entrepreneurs, according to the firm: • Cutting costs is essential • Businesses must be cash-flow positive • Customer adoption of services and technologies will slow • The days of VC rounds of $15 million at $100 million post-money valuations are over • Series B/C rounds will be smaller As reported by GigaOm, Sequoia on Tuesday summoned portfolio company execs to their Menlo Park, Calif., base to discuss what steps they can take to survive what many expect to be a prolonged economic downturn. -- Alain Sherter See slideshow on startups and the economic downturn from Sequoia See Oct. 8 post from GigaOm For more see VentureBeat, Cnet News and Tech Beat
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