Sequoia Capital Educational Presentation Deck slide image

Sequoia Capital Educational Presentation Deck

Acknowledge Uncertainty Address the elephant in the room. Contextualize how it affects your business. ● B Nasdaq 100 Index: Tech Stock x + C 0 bloomberg.com/news/articles/2022-04-29/fed-casts-long-shadow-over-1-8-tr... O Bloomberg the Company & Its Products | Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login | Bloomberg Customer Support Bloomberg ● Live Now Markets Technology Politics Wealth Pursuits Opinion Businessweek Equality Green CityLab Crypto More Markets Tech Stocks Lose $1.8 Trillion in a Month Thanks to Fed ■ Nasdaq 100 Index posts worst start to the year since 2002 ■ Earnings, rate-hike expectations have made for volatile month By Subrat Patnaik and Matt Turner April 29, 2022, 3:46 AM PDT Updated on April 29, 2022, 6:39 AM PDT Listen to this article ▶5:44 Share this article in Follow the authors @Subrat Patnaik + Get alerts for Subrat Patnaik @Matt Turnerr For tech investors, it's been the worst start to the year in two decades. And with another hike in the Federal Reserve's interest rate seen next week, they are bracing for more volatility. ✓ U.S. Edition Sign In Subscribe The Nasdaq 100 Index has been hammered this year -- wiping out more than $1.8 trillion in value in April alone -- amid a tumultuous earnings season as investors fear an economic slowdown and ever-more aggressive expectations around the Fed's rate-hike trajectory. SEQUOIA CONFIDENTIAL LIVE ON BLOOMBERG Watch Live TV > Listen to Live Radio > M You've reached your free article limit. Explore Offers → $$$ MARE ALERTST FIS FIS® FINANCIAL TECHNOLOGY US Consumer Confidence Drops to Three-Month Low on Inflation ■ Conference Board index fell slightly in May to 106.4 ■ Plans to buy appliances, homes and cars all declined Team growth outpacing revenue growth -8% WEB VISITORS +20% REVENUE +63% -$2.2M TEAM SIZE EBITDA LOSS Q3 We have over $X million in the bank and our monthly burn is <$X, meaning that we have ~X months of runway, X months conservatively. Going forward, I will share snapshot updates about our cash reserves and burn on a monthly basis. In spite of the macroeconomic context, I believe our financial position buys us some time to judiciously experiment.
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