Morning Agenda: Silicon Valley Heeds Warnings of Apocalypse
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Chris O’Neill, the chief executive officer of Evernote, at the company’s headquarters in Redwood City, Calif.CreditJason Henry for The New York Times
“Here we sit, a year after we were supposed to die,” — Chris O’Neill, chief executive of Evernote.
This was supposed to be the year of the great reckoning for Silicon Valley start-ups, but some are still waiting for the crash.
And while they wait, some companies, like Evernote, have gotten back on their feet. Last year Evernote was a poster child for the collapse of Silicon Valley, but after cutting back on staff and eliminating some employee perks, it has stabilized. “It was hard for employees to readjust expectations,” Mr. O’Neill said. “They had only known a world where another fund-raise was just around the corner.”…
Morning Agenda: Silicon Valley Heeds Warnings of Apocalypse
