The end of ZIRP is what is deflating the tech bubble. With interest rates now high(er) than before you can earn a decent return just by buying bonds. There's no

The end of ZIRP is what is deflating the tech bubble. With interest rates now high(er) than before you can earn a decent return just by buying bonds. There's no reason for investors to recklessly speculate on companies like Lyft or Uber or Doordash when those companies are structurally unprofitable. Throw in the failure of SVB and a couple other banks, and yeah things are going to get very tight in software for the next few years.