4 ms·
> It seems to me that there was an early '10s milieu that enabled YC to behave like it did. Definitely, it's called ZIRP and QE.
by cherryteastain 2y ago
> It seems to me that there was an early '10s milieu that enabled YC to behave like it did.
Definitely, it's called ZIRP and QE.
- stackskipton 2y agoI think so many questions about “Why did business X operate like this in 10s?” Is answered with that statement. So much was funded on economic smack high. A few sobered up and a ton bottomed out bad.
- raydev 2y agoIt didn't hurt that there was also a burgeoning new computing platform that everyone and their grandma was buying into for the first time.
- wyclif 2y agoYes, because ZIRP and QE are deflationary policies: they reduce the amount of interest paid by the government.