News for hackers. Stuff that matters.

A comment on Many VCs have stopped investing this year. Parent comment

Re:Many VCs have stopped investing this year by __loam on Thursday December 21, 2023 @01:42PM (#38724809)
Nobody predicted the fed would raise rates as quickly as they did.
[ Parent | on HN ]
Re:Many VCs have stopped investing this year by mint2 on Thursday December 21, 2023 @02:15PM (#38725292)
I agree that most people bet that rates would not rise fast.

But it’s a classic case of wishful thinking to not consider that and instead act like the highly unusual period of rock bottom rates was a permanent fixture.

Rates were going to rise, it was always a question of when and how fast.

[ Parent | on HN ]