Comment by cherryteastain
1 year ago
> It seems to me that there was an early '10s milieu that enabled YC to behave like it did.
Definitely, it's called ZIRP and QE.
1 year ago
> It seems to me that there was an early '10s milieu that enabled YC to behave like it did.
Definitely, it's called ZIRP and QE.
I think so many questions about “Why did business X operate like this in 10s?” Is answered with that statement.
So much was funded on economic smack high. A few sobered up and a ton bottomed out bad.
Yes, because ZIRP and QE are deflationary policies: they reduce the amount of interest paid by the government.
It didn't hurt that there was also a burgeoning new computing platform that everyone and their grandma was buying into for the first time.