• Kichae@kbin.social
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      1 year ago

      No. No, not at all.

      It’s the increases in interest rates. The Venture Capitalists are ok not seeing a return on their investments while interest rates are effectively nil, but higher interest rates change the risk/reward balance.

        • Kichae@kbin.social
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          1 year ago

          They’re not actually high, though. They were basically non-existent for 15 years, but now they’re basically back to 2007 levels.

          This is VC’s signalling that they don’t believe these social platforms can survive in an era where money isn’t literally free for them.