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VCs Call for Drastic Action, "All Hands on Deck" Battle Stations Mode
VCs are battening down the hatches and telling their portfolio companies to take measures to survive -- never mind about getting more funding. Last month memos went out from several famous Silicon Valley VCs to their portfolio company CEOs laying down the dire warnings: conserve cash, cut costs, start generating revenue. . . . (to read the remainder of this article, please log in below.)
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