Step Into The VC Time Machine
May 16, 2018
One of the things humans are bad at is remembering the past and incorporating the lessons they learned from difficult experiences. Iâm sure thereâs a philosophical word for this, but Iâve now heard the phrase âthis time it is differentâ so many times that it doesnât register with me as a valid input.
I woke up this morning to Howard Lindzonâs post R.I.P Good Times (Said Sequoia in October, 2008) and Nobody Knows Anything pointing to David Frankelâs tweet:
.@sequoia R.I.P. Good Times is nearly 10 years old! Wonder how many of todayâs young seed investors have even heard of it ⦠https://t.co/PBjVxirzew pic.twitter.com/hnjj4y8FNn
â David Frankel (@dafrankel) May 15, 2018
All of this ultimately led to me reviewing Sequoiaâs classic slide deck from 2008.
I remember reading it in 2008. We were about a year into our first Foundry Group fund, which we raised in 2007. That now feels like a very long time ago.
I encourage everyone to review the deck. It would be awesome if an economist (Ian Hathaway, are you out there?) made a new deck with an update to 4 through 38 that extended the time frame (and analysis) to 2018.
Also published on Medium.