[throwawayxxdd]

no startup can compete against an america company backed by endless cheap money. Not that founders dont want to turn a profit its just a cruel game and its the way its until cheap money ends in USA(it never happens bcz no gov wants recession on their watch).

[allendoerfer]

Cheap money has ended, hasn‘t it?

[morelisp]

It's still substantially cheaper for Stanford graduates with friends on Sand Hill who can mumble the words "crypto LLM" than even the most ambitious Burundian with a great idea.

[sclarisse]

Debatable. The latest Cleveland Fed nowcasts have inflation forecast to dip just under 5% starting this month, while the federal funds rate is 5-5.25%. So in real terms, that’d be the first time it’s positive, and it’s still a very very low number.

If we get that recession, we could see those rates reverse and end up negative again before too long.

[revelio]

Yes but only very recently. Many funds are still sitting on huge sums that were raised in the past years.

[szundi]

Wait until the elections