It's officially time for tech companies to take cover. Sequoia Capital (a venture capital firm known for backing Apple, Google, and YouTube) and Ron Conway (an angel investor behind Google and PayPal) have advised entities in their portfolios to cut costs and hunker down.
Some beta services are more refined than others, and TokBox, which offers free video chat, may still have a ways to go. But TokBox has the support of Sequoia Capital, and also has around $4 million from the venture capital firm.
Trulia deals in real estate search, but it recently launched a forum (or “social media platform”) known as Trulia Voices. Curious as to how the project’s coming along? Luckily for you, Trulia has provided a “71 day pulse check.”
Michael Moritz will not seek re-election to Google's board of directors, choosing instead to devote that time to venture capital giant Sequoia Capital.
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