3 ms·

I'm honestly struggling to see a downside. Less "innovation"?

• rm_-rf_slash 3y ago
  Fewer VC-funded hyper growth companies means a smaller pool of experienced developers to hire from for other ventures. Not the end of the world here but worth accounting for some of the silver lining of zero interest rate policy.
• kridsdale1 3y ago
  Less chat apps that simply say “YO”
  • octacat 3y ago
    nooo, chat apps are good (developing an open source XMPP server)
• Parmenidea 3y ago
  Honestly, yes. I had a deep skepticism of a lot of VC-backed moonshots/SPACs in 2021. However, it’s hard to deny that these moonshots were at least aimed in the right direction — way more capital going to EVs, biotech, quantum computing, etc. You get some frauds in the mix (Nikola), but it’s socially utile to have a few of these projects gaining traction instead of highly profitable zombies. ZIRP also seemed to be shifting investment tides toward green projects and away from oil. The new regime has allowed pollution to continue, and powered tyrannical governments like Saudi Arabia.