what tech companies were using cheap capital to achieve insane market cap? Very few tech companies borrow money. Unless you meant people were buying tech stocks with leverage, which I agree with...
DoorDash, Lyft, Uber, WeWork, Instacart, Rapid, Coinbase, Robinhood, etc. I mean I feel like I can list another dozen companies that has been using cheap capital of the last decade to establish themselves.
And that’s not just VC money. Often they have borrowed through issuing bonds.