John Paczkowski

Recent Posts by John Paczkowski


With Adam Smith’s oft-lauded “invisible hand” giving investors the invisible finger and the world economy reeling from what the International Monetary Fund just labeled the most dangerous shock to the financial markets since the 1930s, the healthy optimism and patient money for which the venture capital world has long been known are fast turning into a querulous hopelessness. To wit, the emergency gathering held at Sequoia Capital this week. It’s purpose: to prepare the firm’s portfolio companies for a protracted downturn.

There is no good news right now, it seems. The bubble is burst.

“It’s pretty clear that demand is going to soften across the board for every company–it doesn’t matter if you’re selling to consumers or companies,” Sequoia Capital partner Michael Moritz told the Financial Times earlier this week. “[Many start-ups that emerged in the recent boom will end up] spattered on windshields and radiator grills and be forgotten.”

[Image Credit: Audiophile & Synergy Industries]


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

When AllThingsD began, we told readers we were aiming to present a fusion of new-media timeliness and energy with old-media standards for quality and ethics. And we hope you agree that we’ve done that.

— Kara Swisher and Walt Mossberg, in their farewell D post