A wave of job losses has started to spread across California’s Silicon Valley as the trademark optimism of the region’s technology start-ups has turned to pessimism amid the financial market rout.
The rapid reversal in mood has reawakened memories of the dotcom bust in 2001.
They also say that "Sequoia Capital ... [recently] greeted [entrepreneurs] with a presentation that began with a slide showing a gravestone and the words 'RIP good times' and were told to treat every dollar they spent as though it was their last."Please see also my January 2008 post, "The coming 2008 dot-com crash", the predictions there, and the many comments on that post.
[FT article and Sequoia slide deck found via Yves Smith]
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