Sequoia Warns Founders of ‘Crucible Moment,’ Advises How to ‘Avoid the Death Spiral’

E-commerce Markets Asia

Chinese Grocery App Dingdong Maicai Targets $6 Billion Valuation in U.S. IPO

Dingdong Maicai and Missfresh,  two major Chinese online grocery apps that have recently filed for U.S. initial public offerings, are targeting valuations of $6 billion and $3.8 billion, respectively, in their IPOs, Reuters reported. The valuations show how the two companies are counting on a strong investor appetite for one of the fastest-growing segments of China’s vast e-commerce market....

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The Briefing Venture Capital Startups
Startups in Sequoia’s ‘Crucible Moment’; Musk Pledges More Funding for Twitter
Photo by Bloomberg
As we reported last night, Sequoia Capital has once again taken on the role of Silicon Valley soothsayer, releasing a 52-slide presentation on advice to startups, which it says face a “crucible moment” as the economy slows and central banks retract the monetary stimulus that kicked off the boom two years ago. In particular, the partners at Sequoia told founders to rethink how they consider...
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Roelof Botha, partner at Sequoia Capital. Photo by Getty
Exclusive Venture Capital Startups
Sequoia Warns Founders of ‘Crucible Moment,’ Advises How to ‘Avoid the Death Spiral’
Sand Hill Road’s doomsayer-in-chief—Sequoia Capital—is back with a warning to its startup founders: Don’t expect a recovery from the current market downturn to happen quickly.
(L-R) Jonathan Ive, Johny Srouji, Dan Riccio and Tim Cook. Photos by Bloomberg; Apple. Art by Mike Sullivan
Exclusive Apple AR/VR
Behind the Apple Design Decisions That Bogged Down Its Mixed-Reality Headset
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(L-R) Cameo CEO and founder Steven Galanis, and Cameo co-founders Devon Townsend and Martin Blencowe. Photo by Getty. Art by Mike Sullivan.
Exclusive Venture Capital Startups
At Cameo, Boom Times Give Way to Sharp Sales Slowdown
By the beginning of last year, six-year-old startup Cameo was on a tear. Pandemic-induced lockdowns in 2020 had spurred demand for the personalized video messages celebrities sell on its website and app.
Brian Armstrong, chief executive officer of Coinbase Global Inc. Photo by Bloomberg.
Exclusive Crypto
Coinbase Slashes Costs, Freezes Hiring Amid Crypto Crash
Cryptocurrency trading firm Coinbase, whose revenue has shrunk amid a downturn in the sector, is pausing new business projects, freezing hiring for two weeks and aiming to slash its cloud spending on Amazon Web Services, among other cost-cutting measures, according to a pair of internal emails sent to employees this week and viewed by The Information.
Art by Clark Miller
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Art by Mike Sullivan
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VR Is Failing the Very People It Could Benefit Most
Consider this: In The Climb , a popular virtual reality game, any user can virtually scale skyscrapers and majestic cliffs simply by turning their head and gripping a trigger —any user, that is, except one with a muscular, skeletal or neurological disorder that makes even those movements impossible.