| Silicon Alley Insider
"Out east, a downturn has been evident for a while, and most of you have already started to make adjustments to your plan. But two things did change this week:
(a) The credit crisis and the crisis of confidence in our markets got way worse.
(b) Silicon Valley woke up to the fact that something had changed.
The first point is the one to focus on. The second is a distraction.
You need to think about things differently. Things have changed and your priorities should change. I broke up our thinking into two blocks. The first is what you should be thinking about in terms of your business. The second outlines some thoughts on what this means for the market."
