Growth businesses like tech and startups also tend to be more sensitive to rate increases due to changes in the time value of money. At 0% rates a business that

Growth businesses like tech and startups also tend to be more sensitive to rate increases due to changes in the time value of money. At 0% rates a business that generates a return in 10 years is fairly close to the same as a business that generates a return in 1 year, but at 5% rates the math is very different.