Garry Tan+ Your Authors @garrytan Cofounder @Initialized —Designer/eng turned VC investor in startups now worth over $36B — New YouTube videos every week — DM me on Instagram for startup advice May. 24, 2019 1 min read + Your Authors

I find this a weird and interesting situation - Germany for instance yields -0.11%

Why even buy bonds at all? Wouldn’t you be better off staying in cash then?

Takeaway: Capital is in such oversupply that you have to pay the government to hold on to it in some parts of the developed world

Global negative-yielding debt hit $10.6T the other day, the highest such total since Sept 2016 and almost 2X the volume in place last Oct.

Who buys? Owners of target-date funds w/ exposure to global bond indexes. Millions of Americans. 

Capital is in oversupply, the search for yield is desperate.

What is the most pure yield in the world? Startups when they are real and actually work.

Glad I get to work on that part of the global economy. Done right, it is the most growth mindset business in the world.

You can follow @garrytan.


Tip: mention @threader_app on a Twitter thread with the keyword “compile” to get a link to it.

Enjoy Threader? Sign up.

Since you’re here...

... we’re asking visitors like you to make a contribution to support this independent project. In these uncertain times, access to information is vital. Threader gets 1,000,000+ visits a month and our iOS Twitter client was featured as an App of the Day by Apple. Your financial support will help two developers to keep working on this app. Everyone’s contribution, big or small, is so valuable. Support Threader by becoming premium or by donating on PayPal. Thank you.

Follow Threader