So you’re saying that VCs are investors in private companies with a 10 to 12 year path to going public because...”low interest rates”? And that monentary policy

So you’re saying that VCs are investors in private companies with a 10 to 12 year path to going public because...”low interest rates”? And that monentary policy is a larger driver of their investment decisions than a belief that there is a credible path to building a viable business? I think that is confusing second and third order considerations with first order considerations that actually drive investors choices. Perhaps monetary policy affects the macro environment by making investment money available, but each investment is a micro decision by one firm, driven by a thesis. I find it hard to believe that investors think monetary policy is an important basis for betting on Lyft or the like. That’s like say “I won’t start a company unless tax rates are lower”. No one does that, no one cares, maybe we care later. But when you’re thinking about the founding decisions paying taxes is several orders removed from: product, team, financing, revenue, break even etc.