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The Future of Venture Capital and the Impact of Low Interest Rates
Low interest rates have enabled some really good and interesting things. But there's also limits on how much power those people should ultimately be given. Uber, for example, had to crowdsource that like in order to get Uber rates as low as they did,. They needed just a unfathomable oversupply of drivers. And so it creates this bizarre scenario where you can borrow money to do bullshit.