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Don't Panic!Today: Don't Panic (Courtesy warchild13.com)

Gabe Rivera used to say that Weekends on Techmeme were the time when "bitchmemes" came to the top - and this weekend its been Panic Bitchmemes galore, mainly aimed at those who dared suggest that the VC's penduluming from spend to save in 24 hours were a bit guilty of gate-bolting:

On TechCrunch:

The VCs are telling their portfolio companies to get ahead of the curve and conserve cash right now, and companies are starting to take their advice.

The criticism is coming from people who don’t understand that the world has changed in the last week and that companies need to change with it. And so they’re asking why VCs waited until now to tell everyone to conserve cash. Others are saying the boom is the VCs fault, and for them to lecture companies on conserving cash is ironic.

Actually, its the people who do understand very clearly that the world was changing who are asking the VC's what took them so long. But to be fair to Techcrunch, there's not a lot of scope for them to act differently. As TC