Sequoia to Silicon Valley: Red Ink coming soon to a startup near you.

Sequoia is among the most prestigious and success of the Silicon Valley Venture Capital firms, and today they warned their portfolio of companies that trouble is coming.

Although the “bad days are a comin'” news was close to obvious for most of us I think this announcement will get the attention Valley in a more dramatic way.   Before the meltdown a large majority of startups failed anyway.    Now we are facing the worst economic conditions in decades, so … look out.

Om Malik reports