There’s a lot written about the Sequoia “world is ending” meeting, with presentations by Sequoia professionals Mike Moritz, Eric Upin, Michael Partner. At the very least, this presentation helps clarify the task at hand during this very complex environment.

Here’s the actual presentation, thanks much to Fred Wilson’s blog where I found the link first.
The presentation is MUCH better than any of the writeups, as it provides context to the comments.

SlideShare Link