The coming change in monetary policy
For the first time in 9 years, the Federal Reserve is signalling that it will be increasing it’s rates towards the end of this year, meaning the end of the near zero percent interest rate.
Fred Wilson on AVC:
A side effect of this period of cheap money is that the tech sector, venture capital, and startups have enjoyed a valuation environment that has been extraordinarily friendly.
It’ll be interesting to see, if this does indeed happen, how quickly it will affect the crazy valuations tech startups have been receiving.