b9003 - 2y
I really think SVB is a symptom of the VC bubble bursting more than it is evidence of a systemic failure of the US banking system beginning a-la 2008. I assume that’s not what a lot of people who follow me want to hear. But I think it happens to be true.
Lau @Lau - 2y
Cost of financing going up isn't the biggest factor you think?
The risk-free rate is nearly at 5% right now! Has anyone seen how shitty LP returns have been on average over the past 5 years? SVB had all their eggs in that basket, and they designed a balance sheet with a duration risk and asset strategy that didn’t take into account the possibility the music could stop. And the music has been stopping. Ask any founder who has tried to raise in the past six months.
4e7de - 2y
dude, come on, we’re groupthinking over here
jack @jack - 2y
#BailOutTheVCs
Rock @rock - 2y
Appreciate the insight, Mike - helps me to better understand what's possibly going on 🙏
72869 - 2y
What's your take on VCs in general?
Lone Starr @lonestarr - 2y
It will be interesting to see it is handled compared to last time. Are VCs as critical as Wall Street in the eyes of the govt? I’m think so, 1000x
1f254 - 2y
lots of us (me) dunno much about this stuff…could you explain more on vc bubble bursting? like, how goes vc bubble burst —> to svb imminent failure?
7997c - 2y
Agree. I see many people saying this. Unironically, the proposed legislation SBF and many crypto companies push for is actually designed to help/bailout the VCs. Not the consumers/plebs. Good thing Sams never passed. I knew that dude was trouble from day one. Me #[2] and #[3] always did. 💠
13c94 - 2y
💯
Not a unpopular opinion at all in this instance. I see many people saying the same. 💯 #[0]
4b6f2 - 2y
Savage 🔥 #Un-loquatious
97f33 - 2y
Your post is being well-received. Added to the https://member.cash/hot feed
jennifer dupont 🌸 @jennifer - 2y
Apparently laws changed in 2018 and they didn’t have to actually meet reserves and of course, no policing of it so… SVB did the minimum. They’ll keep their yachts, Im sure. 🙄
0d8c5 - 2y
I can do it
e8dea - 2y
Got all the fucks from the all in pod asking for a bailout, it’s gonna happen
2c6e1 - 2y
Nearly 50% of all venture capital-backed startups in the US had exposure to Silicon Valley Bank
71b90 - 2y
SV was corny since 2015.
0b118 - 2y
Over 1000 YC startups impacted, and they are only a fraction of total ecosystem. Also with many jobless, I hope Nostr and Web5 will be a great opportunity for everyone to find use-cases and start building on these ecosystems. At least don’t have to worry abt bank runs with Bitcoin!
a750a - 2y
When I say we good, I mean u? I get to be a cocky little cuck for a reason
brianco @brianco - 2y
It used to very common that incubators, accelerators, and VCs would either require or strongly suggest startups to open accounts at SVB. It made some of the transactions easier for sure. Not sure how common that has been recently, but SVB does a lot of outreach to the startup ecosystem.
👀
Help is on the way, Allen 🙃 #[2]
jb55 @jb55 - 2y
We’re saved!
