11 points
Interest rates. Money isn’t free anymore. It’s still not super expensive but it’s 5x more expensive than what it used to be since 2008.
5 points
This is the answer. The age of free money is over and now we are seeing the effect; rampant inflation and high interest rates. The chickens come home to roost, always.
As a result, the burn rate and runway is starting to be factors in all businesses that aren’t making a profit.
1 point