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by substation13 1422 days ago
The problem is that their investors are chasing a return - they don't care specifically about start-ups, only that they can beat safer assets like T-bills, high grade corporate bonds, SPY, etc. Cheap credit is what fueled this start-up boom and bought us the Juicero, 21 Inc, etc. Now rates are rising and that era is over. I'm sure VCs still believe in their portfolios / thesis.