This CEO says that Sequoia Capital inadvertently started a 'herd mentality' that caused startups to rush to cut jobs when it warned them about the devastating business effects of the coronavirus crisis

Business Insider


· *On March 5th, legendary venture capital firm Sequoia Capital published the now-infamous "Black Swan" letter, warning startups of the coronavirus crisis. *
· *A startup CEO now criticizes the letter, saying it sparked a "herd mentality" that's leading startups to become too focused on cutting **headcount.*
· *Sequoia's...

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