Of tombstones and opportunities
Quite a few people are talking about the tombstone Sequoia showed to their portfolio CEOs last week. We can’t argue with the message (either Halloween or fiscal), and we’re wondering with the rest of the world — just how far will all this go? Or, as another Boston-area CEO put it, “how many other little bomb-lets” are going to go off in the next few years as the repercussions of the liquidity crisis continue to echo?
We’re all about public opinion here, and so it’s with great interest that I’ve been listening to some other high tech CEO’s who say if they weren’t reading the news, they wouldn’t know there was a crisis going on. Despite the general gloom and doom, some companies particularly some hedge funds as well as select mobile/IT/telecoms are thriving. I’ve spoken with companies heading into Q4 with record pipelines and significant deals already closed.
Certainly, there is hard evidence and facts upon which this crisis is based, but what fraction of it is caused by the mere perception of jitters and panic? By the overwhelming majority of stories being heard on the news? What would happen if we gave some voice to the small minority who are actually experiencing a boom? According to some in the know, now is the time to “look out, but take advantage of the openings.”
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