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I feel that a lot of startups would never be possible in a low interest rate environment. If you were trying to start Uber today and told investors that you'll
by spaceman_2020 4y ago
I feel that a lot of startups would never be possible in a low interest rate environment. If you were trying to start Uber today and told investors that you'll lose money on every ride for fifteen years straight, and that you will burn through $35 billion without showing a profit, you will likely be laughed out the building.
- shash 4y agoI think you mean a high interest rate environment? Higher interest rates mean more risk? Also, when they started, I don't think Uber told their investors they'd burn through $35 billion and lose money on every ride...