A decade-long run of low interest rates that enabled investors to take bigger risks on high-growth start-ups is over. Even the big tech companies are faltering, with shares of Amazon and Netflix falling below their prepandemic levels. The uncertainty has caused some venture capital firms to pause deal making. Other venture firms have lowered the value of their holdings to match the falling stock market. The shift was stark compared with just a few months ago, when investors were begging founders to take more money and spend it to grow even faster.

Source: New York Times May 11, 2022 19:05 UTC