On: Ways YC has changed in the last year

[dilyevsky]

Because zirp was over

[ajkjk → dilyevsky]

What is zirp?

[jdougan → ajkjk]

Zero Interest Rate Policy. Describes the US Federal Reserve interest rates for much of the last 20 years or so. Since interest rate to borrow is near zero, investing in very marginal businesses can be profitable.

[ajkjk → jdougan]

Oh right. I just didn't know the acronym (and for some reason felt like asking instead of looking it up. Weird.)

[steveBK123 → ajkjk]

The end of ZIRP is the reason tech has suddenly found religion on actually needing to make a profit...