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by orky56
2247 days ago
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Rates are low now but it will take time for this to get reflected in VC/PE/corporate dollars to invest. The addressable market of consumers/enterprises that are willing to spend money on non-essential products/services is down and will drop further since budgets are being tightened and fat is being cut. The 2008 unicorns that were born out of the last recession had to provide oversized returns to investors based on them addressing needs well beyond what cash-strapped consumers/enterprises were willing to spend on. We're in for a ride. |
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