[lovich]

aren't these companies continually raising funds to stay in operation, which would mean they would be looking out as far as their next anticipated investment and those rates? Looking up CircleCI in particular on crunchbase it looks like they've raised an investment in all but 2 years of the last decade. Last one was two years ago and presumably they'll need more soon if they aren't profitable.

[twelve40]

> anticipated investment and those rates

Sorry, what rates are you talking about? VC investment doesn't have any rates, at least not to the startup.

[lovich]

VC funds are not directly controlled by the federal interest rates but their ability to get _their_ investors to invest in the VC is affected. VC funds tend to get less investment when the return on cash becomes much higher. If the VCs cant get enough funding then they are going to turn around to their investments and either whip them to make more money or start giving worse terms to companies looking to raise another round