Somebody over at Sequoia Capital wrote up a pretty compelling (and dismal) set of slides for their member-company CEO’s.  CLICK HERE to view the presentation.

It’s pretty good advice for the rest of us — whether we’re entrepreneurs or just regular folks.

The summary?  This is going to be a different kind of downturn — longer, harder, tighter.  Get out of debt, spend every dollar like it was your last and be careful.  Sobering stuff from smart people.