Hacker News Reader

>The company, started by former Hyperloop One executives, furloughed all employees in November while it sought new funding

Slightly off topic: I am seeing a lot more "Startup" having difficulties getting funding than usual. What is happening to VCs and Silicon Valley?

View on HN

When the Federal reserve lowered interest rates investors had to look for places to invest their money to make a larger return. Now that rates have risen there is not as much money flowing to VCs because there are safer - albeit less profitable - investments

It seems they’re actually doing due diligence again.

Reply on news.ycombinator.com