Ask HN: How much of an impact do you expect from Fed tapering?

How much of an impact do you expect the ongoing Fed tapering to have on money investment in new startups? So far financial markets aren't taking it well.

But here's what I think will happen:

1) Interest rates will increase steering investors away from risky startup investments and into high IR financial instruments

2) Investment money will dry up in the short term leading to a rough landscape and a tough environment for those needing to raise cash

3) Seemingly good startups (even by toughest critics) won't be able to raise money unless they have a solid business plan

What do you think? Are you worried?