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It's because borrowing money isn't free anymore, investors need to see a return again. When interest rates are as low as they were it forced investors to have
by iancmceachern 3y ago
It's because borrowing money isn't free anymore, investors need to see a return again. When interest rates are as low as they were it forced investors to have a different attitude than the present rate.
Not being able to get more vc funds, and not getting to profitability with the funds they have, lead to this.