The influx of cash in technology is largely the result of the low interest-rate environment, Bill Gurley, a partner at venture firm Benchmark, said in a March 12 interview on Bloomberg West. Yields on 10-year Treasuries have hovered below 3 percent since 2011.

“There’s a lot of capital searching for a home,” said Gurley.

“Cash Flood,” indeed. From “BlackRock Backing Hortonworks Shows Startup Megadeal Era,” Bloomberg.