How on earth did it take over 3 hours for someone at Color or Sequoia to confirm the company is in-fact not dead? You'd think employees/founders/investors would have been tweeting like crazy to deny the rumor.
You want to regroup, figure out WTF is going on and how the rumor started, and figure out a sensible statement that is going to calm this down instead of rile it up some more.
What kind of stupid thing could you say? The company is either dissolving or it is not. Seems pretty easy to figure out.
theoretically, could it have happened way faster? yes, but who knows how hard it was to get a hold of everybody and make sure whatever information they had was accurate. 3 hours isnt that big of a deal.