Logic would have it that more money would pour into SV and VC in general. Say €500B new money is pumped into the Eurozone banks, where is that money going to go

Logic would have it that more money would pour into SV and VC in general. Say €500B new money is pumped into the Eurozone banks, where is that money going to go? The boom in VC financing post 2007 is by in large due to the surplus 'free' cash that was floating around the US and global economies due to quantitive easing. More money means more competition for equal amount of startups which points towards valuations being pushed even higher.