The end of 0% interest rates: what it means for tech startups and the industry

newsletter.pragmaticengineer.com · 1,901 words · saved by 1 readers

👋 Hi, this is Gergely with a 🔒 subscriber-only issue 🔒 of the Pragmatic Engineer Newsletter. In every issue, I cover challenges at Big Tech and startups through the lens of engineering managers and senior engineers. Subscribe to get issues like this in your inbox, every week. For over a decade, the tech industry was a benefactor of a lengthy ZIRP in the US, which had its roots in the years 2007 and 2008, when two important events changed the course of the tech industry – although many of us probably paid closer attention to the first one: Apple launched the iPhone (2007), and Google launched Android (2008) The Global Financial Crisis (GFC) caused interest rates to sink to zero in the US (2008) The impact of the iPhone is undeniable; Apple created a new category with its touchscreen-only smartphone. A year later, Google responded with Android. Within a decade, iOS and Android were the only two mainstream mobile operating systems, which aided the development of mobile-first companies,

Deepdives The end of 0% interest rates: what it means for tech startups and the industry The past 15 years saw the lowest interest rates in modern history, and this “zero interest-rate period” (ZIRP) meant growing tech companies was easy. With this period over, what changes for startups? Gergely Orosz Jan 09, 2024 ∙ Paid 461 7 16 Share 👋 Hi, this is Gergely with a subscriber-only issue of the Pragmatic Engineer Newsletter. In every issue, I cover challenges at Big Tech and startups through the lens of engineering managers and senior engineers. Subscribe to get issues like this in your inbox,

The end of 0% interest rates: what it means for tech startups and the industry

related reading