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Podcast: One Thing Today in Tech
Episode: Sequoia to founders: Prepare for the long haul; Andreessen Horowitz commits $4.5 bln more to crypto's ‘golden era’
Description: Sequoia Capital, one of the world’s best-known venture capital firms, has warned founders of its portfolio companies that the flow of cheap money is over, and investors now have a distinct preference for ventures that can generate cash today.
In a 52-slide presentation, the company advises startups to conserve cash, cut any flab, and prepare for the long haul, because it doesn’t expect a quick recovery in the global economic conditions, unlike what happened after the Covid pandemic.
“With the cost of capital (both debt and equity) rising, the market is signalling a strong...