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  "documentTitle": "Sequoia Capital | Market Presentation Deck | 56 slides",
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  "presentationDate": "2008-10-01 00:00:00",
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  "notes": "The slide displays two email headers and bodies, highlighting key advice for portfolio companies during market downturns.",
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      "text": "1. If you are in a funding cycle, you should raise your funding as soon as possible and raise as much as possible.\n2. You must aggressively examine and pursue M&A opportunities (unless you have over 12 months of cash reserves!) to insure you have critical mass (including funding, customers, rolodex power, market share, cash, synergy, etc.) .\n3. Be realistic on valuations - they will fall so be ready and willing to co-operate.\n4. While it's safe to say entrepreneurs have had negotiating leverage with the \"down draft\" in the market, the VC community will start exercising their leverage.",
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      "kind": "paragraph",
      "text": "The down draft in the stock market sends us some obvious \"signals\" and we can't help but mention them.",
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      "text": "Is this awful or what ?\nWhat is sequoia's take ?\nMy attitude is batten down the hatches ....it is going to be a rough ride...\nAny co without at least a yr of cash minimum in the bank is in trouble....in my opinion\nThoughts ??",
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      "kind": "paragraph",
      "text": "To: Portfolio CEOs\nDate: 04/17/2000 05:24 PM\nRE: Market Conditions Effect on Portfolio Companies",
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      "kind": "paragraph",
      "text": "Sent: Monday, October 6, 2008 7:37 PM\nTo: Douglas Leone; Michael Moritz\nSubject: mkt conditions...",
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      "text": "Here is what I sent to all my cos in april of 2000 and am dusting it off to resend again now !!",
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