Kind of a bummer on that. There is definitely a shift going on as folks move out of riskier assets to assets with guaranteed returns. How bad will it get, who k

Kind of a bummer on that. There is definitely a shift going on as folks move out of riskier assets to assets with guaranteed returns. How bad will it get, who knows. The biggest issue I see is that startups failed to build self sufficiency and over spent. For example, deep discounts. Uber and Lyft could outspend on discounts lowering the price of a cab. However it’s not like cabbies we’re high income, so really the we’re competing with cities selling medallions. Nyc, sf, Chicago were great markets, the rest of the low density us(especially without a cab market) probably not so much. They kept spending to support the growth, and once the incentives are removed we can see the actual market share captured, and the actual return in investment. I don’t think investors would have supported the growth first strategy as much as the did without low interest rates.