How Sequoia's famed "RIP Good Times" helped Funny or Die survive the recession
In the Fall of 2008, as the US housing bubble collapsed and the country's economic recession was in full force, Sequoia Capital put out an extraordinarily bleak slide presentation called "RIP Good Times." (You can see the full slidedeck here).
Its prognosis on the American economy was grim, but the point was not to dwell on doom and gloom but to offer advice to startups on how to survive the severe economic downturn.
For Funny or Die CEO Dick Glover, it was an eye-opening and indispensable document. And considering he decided to become CEO of a risky startup in an untested space on the very day the Federal Reserve said the Recession had begun, he needed the advice as just as anyone.
Watch him discuss the impact "RIP Good Times" had on his decision-making at Funny or Die at our recent PandoMonthly event in San Francisco:
[photo by Geoffrey Ellis]