Get ready for a prolonged downturn that’s worse than 2000 or 2008, billionaire VC Doug Leone says
Sequoia Capital Global Managing Partner Doug Leone speaks onstage during Day 2 of TechCrunch Disrupt SF 2018 at Moscone Center on September 6, 2018 in San Francisco, California. Steve Jennings | Getty Images HELSINKI, Finland — American venture capitalist Doug Leone doesn't think the tech wreck is going away anytime soon. The Sequoia Capital partner gave a gloomy outlook for the global economy, warning that today's downturn was worse than recessions in 2000 and 2008. related investing news Morgan Stanley's Wilson says inflation is set to slide; warns of 'new era' ahead Weizhen Tan 2 days ago "The situation today I think is more difficult and more challenging than either '08, which was really a protected financial services crisis, or 2000, which was a protected technology crisis," Leone said, speaking onstage at the Slush startup conference in Helsinki. "Here, we have a global crisis. We have interest rates around the world increasing, consu...