The Pyramid Scheme of Venture Capital

Rising interest rates caused this, caused this to happen. And then that fed into all of the things OG just talked about, which is their value of the bonds that they bought to fund their operations were dropping. The other part of that low pressure system is the, the ecosystem that startups really function within is the venture capital world. Those VCs weren't able to get money either because of the cost of funds changing with, with the interest rates. So as that money dried up, which they heavily relied on to fund their Operations and payroll, et cetera, they had to go tap into their accounts at their friendly Silicon Valley branches.