I think the dynamic for private (VC) money and public markets are different
VC money will dry up as endowments look to shift more money into safer asset class when interest rate is high
public markets company valuation models change with interest rates changing. when rate is close to 0 investors are willing to buy asset with a very long term view for expected future profit (say 10 years). when rates go up that time frame shortens since opportunity cost of buying that stock today is now much higher.
https://www.investopedia.com/investing/how-interest-rates-af...
I think the dynamic for private (VC) money and public markets are different
VC money will dry up as endowments look to shift more money into safer asset class when interest rate is high
public markets company valuation models change with interest rates changing. when rate is close to 0 investors are willing to buy asset with a very long term view for expected future profit (say 10 years). when rates go up that time frame shortens since opportunity cost of buying that stock today is now much higher.