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I feel like one of their primary investors wanted out. It was probably not the opportune time considering the cost of money right now.
by Ancalagon 9mo ago
I feel like one of their primary investors wanted out. It was probably not the opportune time considering the cost of money right now.
- echelon 9mo agoDo you think the founders were strong-armed and are pissed at this outcome?
- Ancalagon 9mo agowhile not the most ideal outcome, the founders likely have large numbers of priority shares and will see a significant payout
- derektank 9mo agoIs there any reason to think the cost of money is going to improve at all in the foreseeable future?
- Ancalagon 9mo agowell, yes, if Trump gets his way and gets a crony as the FED chair, interest rates will probably go very low
- derektank 9mo agoThe federal funds rate is not directly tied to commercial interest rates. If Trump actually does get his way and begins cutting the over night rate, I would actually expect investors to demand higher yields on US treasuries and commercial bonds, given it indicates the federal reserve is likely to allow inflation to increase, possibly by quite a lot