Charting Form Ds to roughly see the state of venture capital “fund” raising

Bubbles are largely a function of finance, not tech; if there is a lot of easy money available, it wants somewhere to go, and any tech will do (recall XML startups...).

Interest rates are one of the biggest factors, because of how they create indirect pressure on cash availability (which is the whole point of raising interest rates).

Everyone is bracing for tariff recession as well, which may cause a lot of investment capital flight.

Bracing for tariffs starting two years ago?

what tariffs started two years ago? And how might those compare to the current tariffs being threatened/pulled/enabled in the past few months?