ZIRP is gone, and so are the Good Times when any idiot could get money with nothing but a PowerPoint slide deck and some charisma.
That doesn't mean investors have gotten smarter, they've just become more risk averse. Now, unless there's already a bandwagon in motion, it's hard as hell to get funded (compared to before at least).
That doesn't mean investors have gotten smarter, they've just become more risk averse. Now, unless there's already a bandwagon in motion, it's hard as hell to get funded (compared to before at least).