"Visual search engine" company SearchMe had, according to CrunchBase, 52 employees and $43.6 million in funding, led by Sequoia Capital. Just two weeks ago, TechCrunch ranked the company No. 76 in "Startups Best Positioned To Weather A Downturn." But VentureBeat confirms the company has fired 20 percent of its staff. Using the ad-hoc Sequoia formula, "you need a year of cash and a revenue model," here's my guess: Too much spending. And it doesn't help that the first demo I clicked on the site's front door broke Firefox.