http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png http://gawker.com/tag/valleywag/sethsternberg http://gawker.com/tag/valleywag/sethsternberg Was Seth Sternberg, the CEO of Meebo, not in attendance at Sequoia Capital's recent summit for all of the venture capital firm's startups? In its now-famous "R.I.P. Good Times" presentation, Sequoia's partners scolded the entrepreneurs the firm has funded to cut all unnecessary costs. The online-chat startup's apparent response: Listing all of the free food and drink it buys employees. The one concession to frugality: They don't buy chocolate milk, because it's too expensive. (Chocolate soy milk, on the other hand, is deemed an affordable luxury.) Any bets on how long it will take for Sequoia's Roelof Botha, the lead partner on its Meebo investment, to tell Sternberg to stop paying the grocery bills? (Photo by ifindkarma)

]]> http://gawker.com/index.php?op=postcommentfeed&postId=5061870&view=rss&microfeed=true Mountain View-based instant messaging service Meebo has hired Montgomery & Co. to raise another $25 million to $30 million, only a year after its last round. Reportedly, Meebo founder Seth Sternberg hopes investors will buy in at $250 million, up from $90 million last year. That's $10 million more than what JPMorgan wants to pay for Bear Stearns. Seth, I've embedded a Meebo IM window below, so that you can ping me and explain what you're drinking. I'd like some, too.

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