Patricof on "R.I.P Good Times": Don’t Burrow Into a Dark Hole

And 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 ridiculous companies that don’t need to survive this anyway), our own former investor Alan Patricof , founder and managing director of Greycroft Partners, is asking for some restraint in the doom and gloom. His main advice: "This is not a time to panic, cut off all investment in the future, and burrow into a dark hole." The full statement from Patricof, below: "The comments made by the partners of Sequoia Capital at their recently held ’CEO Summit’ have been widely covered by leaks to numerous bloggers.  These bloggers have disseminated the details and spread the contagion of the sentiments to the public at large, unfortunately running the risk that the words become a self-fulfilling prophesy.  Without challenging the comments, which ex...