[alephnerd]

VC Funding dried up in the Life Sciences space by late 2021/early 2022 because there was too much investment during 2018-20 due to the "precision medicine" hype cycle.

Same thing happened to cybersecurity in 2022-23 and will happen in the Generative AI space in a couple years.

There are always expansions and contractions in each sector.

[rvba]

Didnt it dry up due to the interest rates hike? No more cheap money.

[potato3732842]

The interest rate hikes are just the cherry on top in this particular space.

[alephnerd]

Interest rates played a role but not significantly.

Renewables (IRA), Battery Tech (IRA), Hardware (CHIPS), Defense (CHIPS), and AI/ML became better investments in the 20-21 period.