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On Silicon Valley’s Cuban Missile Crisis... ~@daltonc

Stashed in: Silicon Valley!, History of Tech!, @daltonc, Svbtle

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Dalton Caldwell brings the analogy to life:

My perspective is that our financial system was in a Cuban Missile Crisis sort of moment. Most normal people were oblivious what was actually going on, but I think we were just minutes away from a financial disaster at least one, possibly two orders of magnitude worse than what actually happened. I don’t see how Sequoia’s efforts to communicate a (somewhat sanitized) version of the knowledge they had to their portfolio CEOs, and to provide actionable tactical instructions to us, could be perceived of as anything but good faith. That being said, I am glad that presentation ended up being wrong, just as I am glad the Cuban Missile Crisis did not turn into a full-blown nuclear war.

The PowerPoint deck is an interesting read four years later.

See also: We've gone from RIP Good Times to funding Grilled Cheese in under 3 years.

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