For a long time interest rates were incredibly low which led a ton of investors to put money into VC funds, despite their very high risk. When interest rates g

For a long time interest rates were incredibly low which led a ton of investors to put money into VC funds, despite their very high risk. When interest rates go up, money floods out of higher risk higher return areas like company formation, and floods back into buying bonds, so investors can collect the low-risk interest that didn't exist before.