Section 174 is only _one_ part of the picture. I was very curious about this and I've been looking into this to better understand for myself what is going and

Section 174 is only _one_ part of the picture. I was very curious about this and I've been looking into this to better understand for myself what is going and why it's happening. Most likely it's a combination of things, and 174 is probably not the biggest factor: - ZIRP (0% interest rates) is gone, investors can get an easy 5% from bonds/money market, why put money into risky assets like startups - Investment money is FOMO-ing into AI rather than conventional non-AI startups - Post ZIRP investor mentality switched incredibly quickly from grow-grow-grow, to show us your revenue and profits, get fit (lean, reduce employee count, operating expenses) - Section 174 probably plays some role, but I haven't seen it mentioned at all by VC-types and financial news sources online. I've only seen it mentioned a couple of times on HN. But I'm sample size 1 and I don't go on twitter, so maybe I'm missing out on some discussions where 174 is discussed