The End of the ZIRP Era, and why recruiting is SO PAINFUL | E2164

I I think a more basic set of advice is can you be profitable enough to borrow money at 8 to 10% and run your business on debt, not equity? Like there's a difference between default alive and hey, I'm running my business properly enough to cover, you know. higher interest credit that might be 10, 12%. Like there's a lot of companies that can cover the cost of debt with their existing margins, but that might not clear their preference stack of raised capital. And that's the set of companies that I think probably have to start rethinking like, look, I'm not going to make my equity investors whole, but I might be able to make my debt investors money.

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