Interest rates can change everything. This is a logical extreme but think of it this way - when you can get a 0% loan, does anything have a cost? Sure, there's

Interest rates can change everything. This is a logical extreme but think of it this way - when you can get a 0% loan, does anything have a cost? Sure, there's a price tag but if you can finance it without any interest, you're only paying principle. Now, if you can continue finding more 0% financing to cover those principle payments, any profit the business makes at all is a good return since you put nothing into it. While we weren't quite to that situation, the last decade of near zero interest rates put VCs precariously close to it.