Discover and read the best of Twitter Threads about #BubbleEconomy
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1/
A short thread on the boom in startups and their valuations:
Interest rates have been low in the US for more than 10 years. The Fed Funds rate has been at 0.25% since 2008, except for a few years during the Trump administration when they rose to 2%. They are back to 0.25% now.
A short thread on the boom in startups and their valuations:
Interest rates have been low in the US for more than 10 years. The Fed Funds rate has been at 0.25% since 2008, except for a few years during the Trump administration when they rose to 2%. They are back to 0.25% now.
2/
Quantitative Easing (QE) has pumped in trillions of dollars into the US economy.
Clearly, the money has to go somewhere and VCs need returns.
Startups is where some of that money has gone.
Quantitative Easing (QE) has pumped in trillions of dollars into the US economy.
Clearly, the money has to go somewhere and VCs need returns.
Startups is where some of that money has gone.
3/
The startup party has never had it so good.
Companies with zero profits, no business plan or hope in hell of ever getting profitable, became "unicorns", making their founders, funders, and some employees rich beyond imagination.
Good.
The startup party has never had it so good.
Companies with zero profits, no business plan or hope in hell of ever getting profitable, became "unicorns", making their founders, funders, and some employees rich beyond imagination.
Good.
