Cheap money fuels spray-and-pray startup investing
Quote
And then we've just been money got cheaper and cheaper and cheaper. And there was more money and like money was so cheap, people just trying to find a way to give it away.
Episode 93: Motion of Positivity (episode page, opens in a new tab) 00:33:50 (play audio from this timestamp, opens in a new tab)
Voice-matched
Summary
Agreeing with Buzzsprout's Tom Rossi, Dave ties the grow-at-all-costs startup phenomenon to monetary expansion. Since around the dot-com boom, money got so cheap that investors happily lost money on 99 companies hoping one pays off big.