5 ms·
This time is different: Interest rates are the lowest they've ever been and the money spigot is on full blast. In such an environment zombie companies can cont
by pascalxus 7y ago
This time is different: Interest rates are the lowest they've ever been and the money spigot is on full blast. In such an environment zombie companies can continue to exist for a very long time, continuously getting new rounds of funding despite having very low or no profits at all.
>> from the article:
"No matter the actual business of the company at hand, it’s probably calling itself a tech company and reaping the rewards of that sweet, sweet VC cash."