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Why all of a sudden tech companies are not being favorable to their users?
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this post was submitted on 02 Jul 2023
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This meme is repeated everywhere ad nauseam and is blatantly wrong. VCs do not borrow money from the banks. The argument goes the other way around, and implies that the people who bankroll VCs would rather lend their money through banks than invest it - but even that is bullshit, you'd need interest rates in the double digits to even begin to be in competition with your average VC performance.
Also not 100% of VC money is american so Fed rates are not as relevant as you think. Please stop spreading that nonsense.
It's not just the american federal reserve that's increasing it's rates. We live in a globally connected economy and almost all countries are impacted by the american economy as well as some of the reasons causing inflation in the US (the pandemic and the war). Most countries are affected by the inflation and most countries are combating it by hiking interest rates.
Of course everything is connected but it's not always 1 to 1, nor are the effects always immediate. Some economies absorb different impacts in different ways.
The point being made is that it's more expensive to borrow, do you dispute this?
Of course i don't. I dispute the fact that interest rates are a significant factor in the VC market.