Sequoia Capital Warns Founders After ‘Crucible Moment’
- Klarna and Getir had recent job cuts, both backed by Sequoia
- VC firm laid out the case for a long and drawn-out recession
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Calling the current environment a “crucible moment,” Sequoia Capital warned that the good times are not only over, there’s no indication when they’ll return.
In a Zoom call earlier this month with the founders of its approximately 250 portfolio companies, the venture firm reviewed a 50-page presentation titled “Adapting to Endure,” according to documents obtained by Bloomberg News.