How does VC behavior change when interest rates are cut?

I posted the following question, How does VC behavior change when interest rates are cut?, on Y Combinator News because I am trying to understand the relationship between interest rates and the likelihood for angels and VCs to actively be investing in start-ups; my post with people's replies can be found at http://news.ycombinator.com/item?id=44771.

I remember a few years back when timing would have made all the difference. I was spending my evenings working with a start-up in Washington, DC to get their business off the ground. They were trying to partner with either Erickson or Nortel to exchange equity for equipment, but the bubble burst and the wining and dining went up in smoke. Ideally, I would like to try and time the launch of a company when angels and VCs are more likely to be handing out money.