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by iron0012 3383 days ago
Here's him making the same exact kinds of claims in 2011. He called himself (or claimed that people called him) the 'undertaker' back then: https://www.pehub.com/2011/08/silicon-valley%E2%80%99s-under...
3 comments

"We are busy as beavers. We’re doing two to four deals a week."

You weren't exaggerating.

"MP: We’re seeing two to four companies wind-down a week, which we’ve never seen before."

...except for the last time we saw it.

Wow busted, I guess he seeds out this press release every couple of years/weeks to drum up some publicity
He literally gets asked about this directly in the article and admits as much:

> TC: Almost every time we’ve talked over the years, you’ve said that work is busy. Certainly, it slows down sometimes.

> MP: Sherwood has mostly been on an upward run since we started [in 1992], but we did slow down in 2014, and we couldn’t figure it out. Well, VCs were running their companies further to the edge to [improve their internal rates of returns before they hit the fundraising trail]. Turns out we had our best quarter ever in 2015 [as soon as they stopped funding those companies].

Blame the news industry for running with the same lead every couple of years. It works.

Much like the predictably news industry, people her predictably don't read the article before dismissing it.