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In the sense that public market stock valuations are debt-dependent, because cheaper debt increases future earning potential by making it cheaper to finance ope
by whoisburbansky 4y ago
In the sense that public market stock valuations are debt-dependent, because cheaper debt increases future earning potential by making it cheaper to finance operations, acquisitions, expansions. Without the expectation of high public valuations, VC have less incentive to pump cash into early-stage companies. I think that's the rationale?