The Sequoia "RIP: Good Times" presentation: Here it is

Silicon Valley has been trying to digest news of a secret meeting held by top venture firm Sequoia Capital earlier this week. At the meeting, leading Sequoia partners laid out bleak short and long-term scenarios for the world economyand strong medicine for the firm’s portfolio companies.

Notes from the presentation have since been leaking out. Now, a very kind anonymous tipster has sent in the slides used at the meeting. Because it matches previously-leaked information, we’re assuming it’s real.

Among other things, the “RIP: Good Times” gravestone we heard about is included (pictured). Take a look for yourselves — there’s lots of detail about what went wrong in the economy, why the recovery is going to take awhile, and what startups can do to survive.

Here’s the presentation:

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  1. [...] year after the video, Sequoia’s 2008 “R.I.P Good Times” presentation — which argued after the financial crisis that “a v-shaped recovery is unlikely,” [...]

  2. [...] sources, whether in relation to the mood and liquidity of current investment sources (remember the Sequoia slides?), or whether just as a means of anticipating the behavior of a customer base that is itself pushed [...]

  3. [...] “I really hate pontificating on the future,” said early-stage specialist Babak Nivi of AngelList. “The best way to see the future is to build it, not predict it. Remember what people were saying when RIP: Good Times [...]

  4. [...] it came right after the infamous Sequoia Capital “Nuclear Winter” presentation entitled RIP Good Times, telling its portfolio companies to hunker down for a long dark haul.  When the leaders of a prior [...]

  5. [...] director at Globespan Capital Partners. Is it too early to pull out Sequoia Capital’s 2008 “Good Times R.I.P.” presentation warning start-ups about the [...]

  6. [...] private sources bruise, and the converse on the way up for these. We can’t forget the Sequoia RIP slides, for instance, which were not the result of anything intrinsic to venture capital but were rather [...]

  7. [...] too returned, and we pretty much know the rest, even the youngest among us who may still remember 2008 and 2009 and 2010. And as I look back on these years and decades with their ebbs and cycles all the [...]

  8. [...] hoch seien manche Bewertungen in jedem Fall.Seine Warnung erinnert ein wenig an Sequoias berühmt-berüchtigte “R.I.P. Good Times”-Präsentation aus dem Oktober 2008. Hoffen wir, dass sich Buettners Aussage im Nachhinein als übertrieben [...]

  9. [...] October 2008, Sequoia Capital produced a presentation for their portfolio companies entitled “RIP Good Times.”  It should be noted that Sequoia was the first and I think only VC to invest in Cisco before [...]

  10. [...] who ultimately calls the shots – as we were, for instance, around the time of Sequoia’s RIP slides. (That the “principal’s” economic formula – a management fee and a [...]

  11. [...] in peace PowerPoint background template that you can use for presentations. This is not related to Sequoia RIP Good Times presentations, but you can download this PPT template for presentations on RIP or rest in peace with a cemetery [...]

  12. [...] while Sequoia and other left-coast VC firms are asking their firms to tighten up, and strategically leaking their own advice about surviving the economic downturn (nevermind their investments into some [...]

  13. [...] had snapped, we had no idea how many floors we had to drop. The now infamous Sequoia presentation “RIP: Good Times” circulated from business leader to business leader urging cost cutting as quickly as possible. [...]

  14. [...] The Facebook audience grew to 500 million with the rising tide floating all boats. We went from “RIP Good Times” to a veritable all-you-can-snort coke buffet in the little over a [...]

  15. [...] exuberant money left. Just a few months later, the tech economy fell off the cliff, prompting Sequoia Capital’ famous RIP presentation, where Silicon Valley’s famous venture capital firm warned of the biggest recessions in [...]

  16. [...] genesis for the original “R.I.P. Good Times” talk was a near-collapse of the U.S. banking system which led to the biggest recession in a century. But [...]

  17. [...] it feels silly, comparing an alarmist email about the market by Y Combinator’s Paul Graham to the 56-page slideshow produced by Sequoia Capital in October [...]

  18. [...] was quickly picked up by the major tech blogs, and many journalists compared it to the infamous R.I.P. Good Times presentation that Sequoia gave its portfolio companies in 2008. Paul Graham’s Letter to YC [...]

  19. [...] Capital had a presentation back in 2008 titled “RIP: Good Times”, it was still probably too early though — unfortunately for them, they missed out on a lot of [...]

  20. [...] bank called Lehman Brothers decided to collapse, and Sequoia Capital distributed a terrifying presentation that made our balls shrivel into [...]

  21. [...] Tsotis (who should know!) compared the situation now to the famous RIP Good Times email that came out of Sequoia in [...]

  22. [...] Series A Crunch is real. I was in a startup during RIP The Good Times in 2008, and the impact of a crunch is real. Your headcount plans change, revenue becomes priority [...]

  23. [...] computer science in droves, etc. We think it’s fair to say that over the past five years—RIP Good Times period notwithstanding—we have seen a period that at least matches the golden era of the [...]

  24. [...] Sequoia capital recently held a meeting with its portfolio CEOs and the presentation they gave is here.  Sequoia is dead on – the financial mess the world is in today requires a change in [...]

  25. […] in silicon valley, the most dissering would be the meeting.  Details of the meeting can be found here.  And if this rumor turns out to be true, then they paint a very dire picture of the economy for […]

  26. […] Lyrics: This recessionary period ain’t messin’ around I got depression-era economics gettin me down The internet it ain’t immune, man, everybody’s gettin’ screwed And yeah it’s true you know, web two-dot-oh is dead in the ground […]

  27. […] funding tightens. We witnessed this during the last downturn. Sequoia capital released their “R.I.P. Good Times” presentation and investors quickly tightened access their coffers. Typically in each of […]

  28. […] show even being produced four years ago. EverTrue got started in 2010 — just coming out of the “RIP Good Times” days. It wasn’t too hot around town. Being a part of TechStars, I watch their program and see […]

  29. […] Que feriez-vous si les marchés tombent, que la bulle éclate, qu’une situation politique à l’autre bout du monde bouleverse […]

  30. […] The seeds of cheap cloud computing, social networking & mobile were planted and then the 2008 financial crisis brought a hurricane that swept much of the old, dead brush from the venture capital industry and ushered in a new phase perhaps best punctuated by Sequoia’s famous and now ironic presentation “RIP Good Times.” […]