4 ms·
And he's wrong. The 80s was the era of cheap cash. A lot cheaper than now. And people have been getting their starts on VC for decades.
by vonnik 9y ago
And he's wrong. The 80s was the era of cheap cash. A lot cheaper than now. And people have been getting their starts on VC for decades.
- icedchai 9y agoFor the average person, meaning someone getting a business loan or mortgage, this just isn't true. Take a look at historical bank rates. They're much cheaper now than the 80's.
- dragonwriter 9y agoCorrect. https://www.jpmorganchase.com/corporate/About-JPMC/historical-prime-rate.htm https://www.jpmorganchase.com/corporate/About-JPMC/historica... The 1980s may have been a time when some borrowers had easier time getting credit at all, but it wasn't a time of “cheap cash”.