Web: https://world.hey.com/dhh/celebrating-the-end-of-the-good-times-12a715f2

May 6, 2022, 12:32 p.m. | David Heinemeier Hansson (dhh@hey.com)

David Heinemeier Hansson hey.com


It's deja vu all over again for founders looking for easy money on soft terms to chase dreams of unicorns and waterfalls. With interest rates shooting up, a recession in the forecast, and three whirlwinds of economic hurt spinning at the same time, the fair-weather funding conditions are over.

Good.

See, The Good Times™ all too often serve as an enabling backdrop for short-termism and hot potatoes. A time for scammy SPACs, bonfires of cash, and endless, …

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