A lot of criticism has been aimed at venture capitalists the last few days. The VCs are telling their portfolio companies to get ahead of the curve and conserve cash right now, and companies are starting to take their advice.
The criticism is coming from people who dont understand that the world has changed in the last week and that companies need to change with it. And so theyre asking why VCs waited until now to tell everyone to conserve cash. Others are saying the boom is the VCs fault, and....
TechCrunch
