Startups should prepare for orderly shutdown

VentureBeat recently held a roundtable discussion on the economic downturn, and its effect on Silicon Valley.

“There’s something going on here other than subprime mortgages,” said venture capitalist John Doerr,  […] “We’ve not only got a debt crisis but a crisis of confidence . . . With the current level of uncertainty, it’s really hard to forecast what’s going to happen going forward,”

Angel investor Ron Conway thinks it could be at least two years before “the storm” ends, in which case any company with fewer than 6 months worth of cash, needs to either sell out, get a bridge loan, or “prepare for an orderly shutdown.”