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They're about to get loaded with a bunch of furniture from all the biotech firms downsizing
by matthewaveryusa 2y ago
They're about to get loaded with a bunch of furniture from all the biotech firms downsizing
- Teever 2y agoWhy are Boston biotech firms downsizing?
- alephnerd 2y agoVC Funding dried up in the Life Sciences space by late 2021/early 2022 because there was too much investment during 2018-20 due to the "precision medicine" hype cycle. Same thing happened to cybersecurity in 2022-23 and will happen in the Generative AI space in a couple years. There are always expansions and contractions in each sector.
- rvba 2y agoDidnt it dry up due to the interest rates hike? No more cheap money.
- potato3732842 2y agoThe interest rate hikes are just the cherry on top in this particular space.
- alephnerd 2y agoInterest rates played a role but not significantly. Renewables (IRA), Battery Tech (IRA), Hardware (CHIPS), Defense (CHIPS), and AI/ML became better investments in the 20-21 period.
- K0balt 2y agoOoooh that’s going to be some cool lab stuff!