I won't blame VCs but the 0% interest rate environment.
When money had no "price" to it, it made absolute sense to borrow as much as possible from the future, and thus delaying profits for growth.
That's why we start seeing this world change now, rates are no longer 0 and money isn't free. You have to pay now, and so you have to have some cash flow now.
When money had no "price" to it, it made absolute sense to borrow as much as possible from the future, and thus delaying profits for growth.
That's why we start seeing this world change now, rates are no longer 0 and money isn't free. You have to pay now, and so you have to have some cash flow now.