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  "documentTitle": "Adapting to Endure Sequoia Capital 2022",
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  "notes": "The slide uses a narrative structure to provide leadership advice, referencing the WeiJi concept as a metaphor for crisis management.",
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      "text": "Crisis -> Opportunity: Crisis -> Opportunity. The traditional chinese character for crisis: WeiJi. The components are Danger + Change Point. JFK took some license in calling it Danger + Opportunity and now it is a very popular meme. The fact is that there is danger and change point is more interesting. With a change point, the strong can become weak and the weak can become strong. The once coveted growth stocks are being dumped and the value stocks are being coveted. The slower growing companies that were doing it profitably now have the financial flexibility to take advantage of the pullback from cash burning companies. That change point is what allows for the opportunity, if you see the opportunity clearly and are prepared to cease the moment.",
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      "text": "Confront your fear: Now that you've confronted your reality, you have to prevent yourself from spinning into a negative cycle. In 1998, I was CFO of LinkExchange and we were attempting to take the company public, but on 8/31/1998, the market dropped 100 points an hour. That would be a big deal today, but it was an even bigger deal back then. There was a Russian Ruble crisis and it would take down LTCM, a hedge fund started by Nobel prize winning professor, that would require the Fed Chairman Alan Greenspan to convene a number of banks to bail them out. So, we had to shelf the IPO. Without the IPO we were quickly going to run out of cash. I was working so hard, LTCM wasn't my fault, and I started to feel bad for myself and that went dark fast, which was preventing me from solving the problem at hand. Had to snap out of it to figure out how to get us out of our predicament.",
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      "text": "Courage over Fear: Courage is a decision. So choose courage. Whatever we are facing today, it can't be any worse than the uncertainty we faced at the beginning of the pandemic. We will prevail.",
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