NEW YORK (CNNMoney) -- Back in 2008, Sequoia Capital -- one of Silicon Valley's venture-capital kingmakers -- held an emergency, all-hands meeting for the 100-plus startups in its portfolio. Its purpose: To outline the grim times Sequoia saw coming. "It's always darkest before it's pitch black," Sequoia partner Eric Upin told the gathered troops. He underlined the point with a now-famous PowerPoint deck that tech wags dubbed the "ultimate panic memo." The 56-slide presentation opens with a gravestone labeled "RIP Good Times" -- and gets worse from there.
To read the full, original article click on this link: Investors to tech startups: Raise right money now - Aug. 17, 2011
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