Interest rates

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Casey Winters: Then also, I think zero interest rates allowed every startup to operate like it was a public company with billions of dollars. That's going to go away over the next five years, and it sort of takes us back to what product management used to be like, which was you didn't have all these resources around. You didn't have all this time to figure it out because if you don't figure it out now and make it work, you may run out of funding, right? Lenny: Yeah. Like a very concrete thing that's changed as a lot of research teams have been laid off because they grew really large and companies found, "Maybe we need don't need the ..." Like, "Of all the things we can cut, it's probably an area we can cut."

Casey Winters: Then also, I think zero interest rates allowed every startup to operate like it was a public company with billions of dollars.

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