The presentation entitled “R.I.P Good Times“, presented by Sequoia Capital to over 100 CEOs last week, warned of grim times ahead and gave rather dramatic advice. It hit me over the head like a mallet, as it did many others.

But my friend and board member Mike Crill was quick to remind the companies he works with who the audience was for this presentation — multimillion dollar VC-backed companies, primarily in the Bay Area — and gave his own advice in a blog post aptly titled “To Better Days“. In it he correctly points out that early-stage companies operating on or raising angel rounds under $1MM will find their circumstances different than venture-backed firms or late stage companies, and provides some advice.

Investors are going to look for deals with traction.